The U.S. dollar may be losing its appeal as one of the few reliable safe-haven assets in times of economic and geopolitical uncertainty after an 18 month rally, and a further fall by the currency coul...
Tag: British Pound
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
U.S. stock futures surge after Wall Street’s best week since June
U.S. stock futures surged out of the gate late Sunday, after Wall Street notched its best week since June. Dow Jones Industrial Average futures YM00, +0.62% jumped more than 200 points, or 0.7%, on Su...
U.K. Markets Cheer After Liz Truss Resigns. Stocks, Bonds, and the Pound Gain.
British investors cheered the resignation of Prime Minister Liz Truss, whose recent budget plans disrupted markets and prompted intervention by the Bank of England. Stocks, bonds, and the pound crept ...
Have the bond vigilantes who attacked the U.K. killed off modern monetary theory? MMT proponent Stephanie Kelton says that’s nonsense.
As investors assesses the remarkable turnaround in fiscal policy from one of the world’s number-six economy, the U.K., the one conclusion surely is that a nation’s financial flexibility is limited by ...
British Pound Rebounds As UK Government U-Turns On Tax Cuts
Key Takeaways New British Chancellor Jeremy Hunt has wound back almost all of the wide ranging tax cuts that were announced by new Prime Minister Liz Truss on 23rd September The British Pound and UK b...
The British Pound Has Fallen To Its Lowest Level Against The U.S. Dollar Since 1985
| Getty Images Key Takeaways Excessive government spending is hurting the pound against the dollar. Price caps and record high inflation is also a factor for a weak pound. The U.S. dollar is rallying ...
Bank Of England Emergency Action, What It Means
Governor of the Bank of England, Andrew Bailey. (Photo by Yui Mok-WPA Pool/Getty Images) Getty Images Central Banks are intervening more in markets. I don’t want to repeat what market participants are...
The British Pound Is In Freefall. Here’s What It Means For Investors.
The British Pound Sterling is coming under immense pressure after sweeping tax cuts announced by new … [+] Prime Minister Liz Truss. (Photo by Stefan Wermuth – WPA Pool/Getty Images) Getty...
Pound hits all-time low versus the dollar, softening pain of bitcoin losses for Brits
With the pound in the doldrums, crypto investors in Britain received some respite from bitcoin losses. The pound hit an all-time low of $1.0327 versus the U.S. dollar on Monday, as traders bet agains...
British Pound Plummets To Record Low Against U.S. Dollar After U.K. Gov’t Signals More Tax Cuts
Topline The British pound slumped to an all-time low against the U.S. dollar early Monday morning as markets reacted negatively to the new government’s signals that it will pursue more aggressive tax ...
Don’t look for a stock market bottom until a soaring dollar cools down. Here’s why.
It will be difficult for the stock market to stop its slide and find a bottom as long as the U.S. dollar keeps soaring versus its rivals, according to market analysts. Global stocks suffered a bruisin...
A surging U.S. dollar is already sending ‘danger signals,’ economists warn
The Federal Reserve’s aggressive efforts to wring out inflation have sent the U.S. dollar soaring to historic highs — further aiding the effort to get price pressures under control. Beware, however, t...
Why the ECB’s jumbo rate hike isn’t helping the beaten-down euro
The European Central Bank went big on Thursday, delivering a historically outsize 75 basis-point interest rate increase in its effort to get a grip on record inflation. Yet the euro, after a brief bou...
U.K. may be on road to another IMF bailout, strategist warns
Is the U.K. on the road to an International Monetary Fund bailout? That’s the view of Peter Chatwell, head of global macro strategies trading at Mizuho Securities, as expressed in an interview on Bloo...
British pound seen trading near parity with the dollar, economists say, as selloff takes Wall Street by surprise
It’s a notion once thought impossible. As the British pound trades at its weakest level against the dollar in more than two years on Friday, some economists expect it could close in on parity with the...
Pound And UK Stocks Rise After Reports Of Prime Minister Boris Johnson’s Resignation
Topline The British pound jumped by nearly half a percent against the U.S. dollar and stocks rallied on Thursday morning following media reports of Prime Minister Boris Johnson’s imminent resignation ...
A surging U.S. dollar is creating an ‘untenable situation’ for the stock market, warns Morgan Stanley’s Wilson
The U.S. dollar’s unrelenting surge is raising worries over corporate earnings, warned a closely followed Wall Street analyst, who noted that similar performances by the currency have historically led...