LONDON, July 13 (Reuters) – Sterling rose to a 3-1/2 high
against a broadly lower euro on Friday after Moody’s downgraded
Italy and investors sold Europe’s common currency in favour of
perceived safer alternatives.
The euro fell as low as 78.63 pence against the pound
, its weakest since November 2008. It was last at
78.74 pence, down 0.4 percent on the day.
LONDON, July 13 (Reuters) – Sterling held near a 3-1/2 year
high against a weaker euro on Friday after Moody’s cut Italy’s
credit rating, sending the country’s borrowing costs higher and
putting further pressure on its struggling economy.
The euro edged down 0.1 percent against the
pound to 79.02 pence, in sight of a 78.71 pence trough hit on
Wednesday, its weakest since late 2008.
LONDON, July 12 (Reuters) – Sterling slipped to a five-week
low against a broadly stronger dollar on Thursday after U.S.
jobless claims fell to their lowest in four years and Federal
Reserve minutes dampened expectations of further monetary easing
in the near future.
The pound dropped 0.6 percent to as low as $1.5393
- a level not seen since June 6 – after the U.S. jobs data
showed initial claims for state unemployment benefits fell more
than economists had expected.
LONDON (Reuters) – Sterling hit a five-week low against the dollar on Thursday after Federal Reserve minutes dampened expectations of further U.S. monetary easing in the near term, boosting broad demand for the greenback.
The pound also retreated slightly against the euro but held within sight of a 3-1/2 year high hit on Wednesday as concerns that policymakers were struggling to make progress in tackling the euro zone debt crisis weighed on the single currency.
LONDON (Reuters) – Sterling hit a new 3-1/2 year high against the euro on Wednesday, bolstered by doubts about the currency bloc’s ability to activate bailout funds to protect its troubled debtor states.
The euro fell to 78.87 pence in early trade, the lowest level since November 2008, and is likely to stay under pressure with the bond yields of vulnerable economies such as Spain and Italy still at elevated levels.
LONDON, July 10 (Reuters) – Sterling hit a fresh 3-1/2 year
high against the euro on Tuesday as market focus switched back
to the euro zone debt crisis, spurring the pound to recover from
an early dip caused by comments from the Bank of England
The euro dropped 0.4 percent to 79.005 pence,
hit by comments from Italy’s prime minister and ahead of a
German constitutional court ruling that could thwart the
deployment of the euro zone’s rescue fund.
LONDON, July 10 (Reuters) – Sterling rose to a session high
against the dollar on Tuesday after better-than-expected UK
production figures offset downbeat retail sales and housing
data, although analysts predicted the pound’s gains would be
British manufacturing output rose 1.2 percent month-on-month
in May and industrial production increased by 1 percent from
April, well above analyst estimates.
LONDON (Reuters) – Sterling hovered near a 3-1/2 year high against a softer euro on Tuesday, shrugging off expectations of more weak UK data after a meeting of euro zone finance ministers failed to inject confidence into the market.
Sentiment towards perceived riskier currencies was muted after European ministers made little progress overnight towards using the bloc’s rescue funds to combat soaring Spanish and Italian borrowing costs.
LONDON, June 20 (Reuters Point Carbon) – Companies listed on the London Stock Exchange will be forced to publish their greenhouse gases from next year, Deputy Prime Minister Nick Clegg wrote late on Tuesday in the Guardian newspaper, a move that will link share prices with the cost of emitting CO2.
The plans, expected to be formally announced by Clegg at the opening of the Rio+20 sustainability conference in Brazil on Wednesday, will force around 1,800 firms listed on Britain’s main stock market to report their emissions in corporate earnings reports starting next April.
(Updates with firearms details)
LONDON, June 19 (Reuters Point Carbon) – Three British men
have been jailed for a combined 35 years after being found
guilty of a 38-million pound ($59.5 million) tax fraud relating
to the EU carbon market, the UK’s revenue and customs agency
said on Tuesday.
Sandeep Singh Dosanjh, director of London-based KO Brokers
Ltd, was jailed for 15 years, Navdeep Singh Gill, director of
Infiniti UK Ltd, was jailed for 11 years and Ranjot Singh
Chahal, director of Wembley-based Allianz Group Ltd, received a
nine-year sentence, the UK tax authority said in a release.