Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Joice Alves"


25 mentions found


UPDATE 1-Sterling slips after record UK GDP fails to impress
  + stars: | 2021-06-11 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
Britain’s GDP was a record 27.6% higher than a year earlier when the virus was rampant. But economic output remained 3.7% below its level in February 2020, before the pandemic led to lockdown measures. It was 0.1% higher also versus the euro at 85.76 pence, at a one week high. “UK GDP data release this morning, while strong, did not quite meet market expectations. They “were more about the special relationship between the U.S. and the UK and less about issues related to the N. Ireland protocol,” she said.
Persons: , Jane Foley, Boris Johnson, Sterling, Joe Biden’s, Johnson, Rabobank’s Foley, Biden Organizations: FX, Rabobank, England, European Union, Federal Reserve, European Central Bank, U.S Locations: India, Britain, Northern Ireland, U.S, Ireland, Cornwall, England
Britain’s GDP was a record 27.6% higher in April than a year earlier when the virus was rampant. Data also showed an unexpected drop in industrial and construction output in April. Sterling has been under pressure this week after Britain and the European Union failed to agree on solutions to post-Brexit trade problems in Northern Ireland. The row has been dubbed the “sausage war” by British media because it affects the movement of chilled meats. Biden and Johnson met in Cornwall, southwest England, before the start of the G7 Summit on Friday.
Persons: , Jane Foley, Boris Johnson, Sterling, Joe Biden’s, Johnson, Rabobank’s Foley, Biden Organizations: FX, Rabobank, England, European Union, Federal Reserve, European Central Bank, U.S Locations: Northern Ireland, India, Britain, U.S, Ireland, Cornwall, England
Sterling edges lower after record GDP fails to impress
  + stars: | 2021-06-11 | by ( Joice Alves | ) www.reuters.com + 0.00   time to read: +2 min
Britain’s GDP was a record 27.6% higher than a year earlier when the virus was rampant. But economic output remained 3.7% below its level in February 2020, before the pandemic led to lockdown measures. Sterling fell 0.1% to 85.97 pence at 0830 GMT and was on course for its worst week versus the single currency since late April. Versus the dollar, it was also down 0.1% to $1.4154, after falling to a one-month low of $1.4071 on Thursday. “UK GDP data release this morning, while strong, did not quite meet market expectations.
Persons: Sterling, , Jane Foley, Boris Johnson, Johnson, Joe Biden’s, Rabobank’s Foley, Biden, Joice Alves, Giles Elgood Organizations: FX, Rabobank, European Union, Federal Reserve, European Central Bank, U.S Locations: England, India, Britain, Northern Ireland, U.S, Ireland, Cornwall
CORRECTED-Sterling edges lower after record GDP fails to impress
  + stars: | 2021-06-11 | by ( Joice Alves | ) www.reuters.com + 0.00   time to read: +2 min
Britain’s GDP was a record 27.6% higher than a year earlier when the virus was rampant. But economic output remained 3.7% below its level in February 2020, before the pandemic led to lockdown measures. Sterling fell 0.1% to 85.97 pence at 0830 GMT and was on course for its worst week versus the single currency since late April. Versus the dollar, it was also down 0.1% to $1.4154, after falling to a one-month low of $1.4071 on Thursday. “UK GDP data release this morning, while strong, did not quite meet market expectations.
Persons: , Sterling, , Jane Foley, Boris Johnson, Johnson, Joe Biden’s, Rabobank’s Foley, Biden, Joice Alves, Giles Elgood Organizations: FX, Rabobank, European Union, Federal Reserve, European Central Bank, U.S Locations: England, India, Britain, Northern Ireland, U.S, Ireland, Cornwall
After touching in early London trading its lowest level in one month at $1.4074, sterling rose 0.3% to $1.4155 versus the dollar at 1445 GMT. Versus the euro, the pound was 0.3% higher at 86.00 pence, after it touched a 10-day low of 86.42 pence against the single currency. The optimism in overall global growth typically encourages investors to bet on risky assets like sterling. Some analysts also suggested both the Federal Reserve and the ECB are not seen tightening their policy soon. The UK and EU exchanged threats on Wednesday in a standoff that could cloud a weekend international summit hosted by Britain.
Persons: Sterling, , Simon Harvey, Stuart Cole, ” Sterling, Maros Sefcovic, Jeremy Stretch, Joice Alves, Toby Chopra, Mark Heinrich Organizations: European Central Bank, ECB, FX, Monex, Federal Reserve, U.S, CPI, Equiti, European Union, Britain, European, CIBC Capital Markets Locations: London, lockdowns, U.S, Britain, Northern Ireland, EU
The UK and the EU exchanged threats this week in a standoff that could cloud a weekend international summit hosted by Britain. The row has been dubbed the “sausage war” by British media because it affects the movement of chilled meats. But sterling continued to fall on Thursday, touching its lowest level versus the dollar since May 14 of $1.4074 in early London trading. Versus the euro, the pound was 0.1% lower at 86.41 pence, touching a ten-day low against the single currency. U.S. President Joe Biden, ahead of his first meeting with Johnson, urged Britain to avoid imperiling the delicate peace in Northern Ireland.
Persons: Sterling, Maros Sefcovic, Boris Johnson, “ Sterling, , Jeremy Stretch, Joe Biden, Johnson, Biden, Joice Alves, Toby Chopra Organizations: European Union, Britain, European, London, British, CIBC Capital Markets Locations: Britain, Northern Ireland, Brussels, London, Carbis
But how are investors picking their bets? The reopening hopes, alongside the summer weather, have also boosted hard-hit hospitality sector shares such as pub groups Mitchells and Butler and Wetherspoons. ‘STARTING TO BOOM’More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of “green” countries tourists can visit, hitting shares in airlines EasyJet and British Airways operator IAG.
Persons: Henry Nicholls, , , Kasper Elmgreen, Jefferies, Travis Perkins, ” Jefferies, Butler, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: REUTERS, UK Cinema Association, SUN Investment, Kingfisher, Liontrust’s, Milburn, Jefferies, JET, British Airways, Charter Company Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
But how are investors picking their bets? 'STARTING TO BOOM'More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of "green" countries tourists can visit, hitting shares in airlines EasyJet (EZJ.L) and British Airways operator IAG (ICAG.L). Based on the strength of recent interest, Keeble predicts that leisure travel will return to pre-pandemic levels by mid-2022.
Persons: Toby Melville, Kasper Elmgreen, Jefferies, Travis Perkins, " Jefferies, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: South Bank, REUTERS, UK Cinema Association, SUN Investment, Liontrust's, Milburn, JET, British Airways, Charter Company, Thomson Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
After touching a fresh three-year high of $1.4250 versus the dollar earlier this week, sterling edged 0.2% lower to $1.4118 versus the dollar at 1126 GMT. Sterling is a top-performing G10 currency this year and has benefited from positive global investor sentiment towards the UK following Britain’s speedy vaccination programme. Britain recorded no new deaths within 28 days of a positive COVID-19 test on Tuesday for the first time since March 2020. “Concerns about the spread of the Indian COVID variant and the risks to the 21st June full reopening plans have yet again weighed on GBP,” said Petr Krpata, Chief EMEA FX and IR strategist at ING. Last week, sterling had found support in the comments from BoE policymaker Gertjan Vlieghe.
Persons: , Petr Krpata, Dave Ramsden, BoE policymaker, Vlieghe Organizations: Sterling, ING, EMEA, Britain, Bank of England Locations: India, Britain
After touching a three-year high of $1.4250 versus the dollar this week, sterling fell to $1.4113 in earlier trade. Sterling is a top-performing G10 currency this year and has benefited from positive global investor sentiment towards the UK following Britain’s speedy vaccination programme. Britain recorded no new deaths within 28 days of a positive COVID-19 test on Tuesday for the first time since March 2020. Nomura analysts wrote that delays could be an opportunity as the date is largely symbolic since most of the reopenings have already occurred. Last week, sterling had found support in comments from Bank of England policymaker Gertjan Vlieghe.
Persons: Boris Johnson, , Petr Krpata, BoE, Vlieghe Organizations: Sterling, British, EMEA, ING, Nomura, Bank of England Locations: India, Britain
Sterling steadies as investors weigh impact of variant on June reopening
  + stars: | 2021-06-02 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
After touching a fresh three-year high of $1.4250 versus the dollar earlier this week, sterling edged 0.1% lower at $1.4138 versus the dollar at 0810 GMT. Sterling is a top-performer G10 currency this year and has benefited from positive global investor sentiment towards the UK following Britain’s speedy vaccination programme. But investors have turned more cautious amid fears around the spread of COVID variants in Britain, analysts at ING said in a note to clients. “Concerns about the spread of the Indian COVID variant and the risks to the 21st June full reopening plans have yet again weighed on GBP,” said Petr Krpata, Chief EMEA FX and IR strategist at ING. Last week, sterling had found support in the comments from BoE policymaker Gertjan Vlieghe.
Persons: , Petr Krpata, Dave Ramsden, BoE policymaker, Vlieghe, Joice Alves, Christina Fincher Organizations: Sterling, ING, EMEA, Britain, Bank of England Locations: India, Britain
UPDATE 1-COVID variant fears and profit taking knock sterling from 3-year high
  + stars: | 2021-06-01 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
Sterling hit its highest level since April 2018 of $1.4250 during the Asian session against the dollar, with analysts attributing it to positive global investor sentiment towards the UK economic recovery. Well into the London session after a long weekend, sterling reversed its course to edge 0.2% lower at $1.4182 versus the dollar at 1125 GMT. Cole added that fears that a COVID variant, first found in India, could delay the next phase of the reopening on June 21 also capped sterling’s gains. Inflation fears kept the overnight optimism in check after Bank of England Deputy Governor Dave Ramsden said the central bank is carefully monitoring Britain’s booming housing market. Sterling had found support last week in the comments from Bank of England policymaker Gertjan Vlieghe.
Persons: Sterling, , , Stuart Cole, Cole, Dave Ramsden, Vlieghe Organizations: Equiti, Bank of England, Nationwide, Britain Locations: Britain, London, India, British
UPDATE 2-COVID variant fears and profit taking knock sterling from 3-year high
  + stars: | 2021-06-01 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
Sterling hit its highest level against the dollar since April 2018 of $1.4250 during the Asian session, with analysts attributing it to positive global investor sentiment towards the UK economic recovery. Well into the London session after a long weekend, sterling reversed its course to edge 0.3% lower at $1.4171 versus the dollar at 1458 GMT. Cole added that fears that a COVID variant, first found in India, could delay the next phase of the reopening on June 21 also capped sterling’s gains. Inflation fears kept the overnight optimism in check after Bank of England Deputy Governor Dave Ramsden said the central bank is carefully monitoring Britain’s booming housing market. Last week, sterling had found support in the comments from Bank of England policymaker Gertjan Vlieghe.
Persons: Sterling, , , Stuart Cole, Cole, Dave Ramsden, Vlieghe Organizations: Equiti, Bank of England, Nationwide, Britain Locations: Britain, London, India, British
Sterling hit its highest level since April 2018 of $1.4250 during the Asian session against the dollar, with analysts attributing it to positive global investor sentiment towards the UK economic recovery. Well into the London session after a long weekend, sterling reversed its course to edge 0.2% lower at $1.4183 versus the dollar at 0848 GMT. The stage is set for the pound to push higher I would suggest,” said Neil Jones, head of FX Sales at Mizuho Bank. He said house price data, which surprised in the upside, also helped to keep optimism around the British currency. Sterling is one of the best performing G10 currencies versus the dollar this year, up almost 4% year-to-date.
Persons: Sterling, , Neil Jones, Vlieghe, Subhranshu Sahu Organizations: “ Overseas, Mizuho Bank, Nationwide, Britain, Bank of England Locations: London, British
Dollar set for second consecutive monthly loss vs euro and pound
  + stars: | 2021-05-31 | by ( Joice Alves | ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Dado Ruvic/Illustration/File PhotoThe dollar came under pressure on Monday and was heading for its second consecutive monthly loss against the euro and the pound, as traders assessed the impact of a surge in U.S. inflation before monthly jobs data later this week. In holiday-thinned trade, investors weighed the impact on U.S. assets of rising price pressures and a dovish Fed. Despite rising inflation, markets don't expect a rate hike well into the back end of 2022. Speculators increased their bets against the dollar last week with U.S. dollar short positions hitting a 2-1/2 month high. The offshore yuan changed hands at 6.3698 per dollar after touching overnight its highest since May 2018 of 6.3553 per dollar .
Persons: Dado Ruvic, Ulrich Leuchtmann, bitcoin Organizations: REUTERS, U.S, payrolls, Thomson Locations: London, New York, U.S
Dollar hits 3-year low vs Chinese yuan
  + stars: | 2021-05-31 | by ( Joice Alves | ) www.reuters.com + 0.00   time to read: +2 min
LONDON (Reuters) -The dollar remained under pressure on Monday, falling to a three-year low versus the yuan as economic activity data showed that China’s recovery had slowed but remained on a strong footing. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration/File Photo/File PhotoThe Chinese economy has largely shaken off the gloom from the COVID-19 pandemic. The offshore yuan changed hands at 6.3553 per dollar, its highest since May 2018, even if analysts pointed that Chinese authorities appeared to be keen to want to curb its rise. The dollar edged 0.2% to 109.70 yen and stood not far from Friday’s peak of 110.20, its highest since early April.
Persons: Dado Ruvic, Ulrich Leuchtmann, , bitcoin Organizations: REUTERS, Fed, U.S, Federal Locations: U.S
REUTERS/Dado Ruvic/Illustration/File PhotoThe dollar index of major currencies fell 0.03% to 90.058 at 1127 GMT. In holiday-thinned trade, investors weighed the impact on U.S. assets of rising price pressures and a dovish Fed. Despite rising inflation, markets don’t expect a rate hike well into the back end of 2022. The core PCE price index vaulted 3.1% on Friday, the largest annual gain since July 1992, due to a recovery from the pandemic and various supply disruptions. Speculators increased their bets against the dollar last week with U.S. dollar short positions hitting a 2-1/2 month high.
Persons: Dado Ruvic, Ulrich Leuchtmann, , bitcoin Organizations: REUTERS, U.S, payrolls Locations: U.S
UPDATE 1-Pound on track for fourth week of gains against dollar
  + stars: | 2021-05-28 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
The pound was down 0.2% versus the dollar at $1.4178 at 1107 GMT, after hitting $1.4220 on Thursday. It was on track for the fourth consecutive week of gains versus the greenback. Versus the euro, it was flat at 85.90 pence and set for five consecutive weekly gains versus the single currency. ING analysts noted that Vlieghe laid out three scenarios but the market only reacted to the hawkish one. Britain started the third stage of its reopening last week, allowing indoor dining in pubs and restaurants.
Persons: BoE policymaker Gertjan Vlieghe, , Jane Foley, BoE, Vlieghe, Sterling, Andy Haldane Organizations: Sterling, Bank of England, FX, Rabobank, , ING, Britain, ” ING Locations: British
UPDATE 2-Sterling fails to hold on to gains after U.S. inflation data
  + stars: | 2021-05-28 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
The pound couldn’t hold on to Thursday’s gains when the Bank of England commented on the timing of rate hikes. It fell as much as 0.4% versus the dollar to $1.4137 in earlier afternoon trade on Friday. But it was still on track for its fourth consecutive week of gains against a strong greenback. Versus the euro, sterling edged 0.1% lower at 85.95 pence, and was set for its fifth consecutive weekly gains versus the single currency. Analysts said uncertainty over a possible delay in the UK June reopenings were also weighing on the pound this week.
Persons: Sterling, Shaun Osborne, reopenings, Osborne, BoE, Gertjan, , Jane Foley, Vlieghe, Andy Haldane Organizations: Bank of England, Scotiabank, Monday’s, FX, Rabobank Locations: British
Sterling on track for fourth consecutive weekly gains
  + stars: | 2021-05-28 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, May 28 (Reuters) - Sterling edged lower against the dollar and the euro on Friday but was on track for multiple consecutive weekly gains versus both, lifted by Bank of England comments on rate hike timing. The pound was down 0.1% versus the dollar at $1.4204 at 0820 GMT, after climbing to $1.4220 on Thursday. It was on track for the fourth consecutive week of gains versus the greenback. Versus the euro, sterling was also 0.1% lower at 85.92 pence and set for five consecutive weekly gains versus the single currency. Britain started the third stage of its reopening last week, allowing indoor dining in pubs and restaurants.
Persons: BoE policymaker Gertjan Vlieghe, , Jane Foley, BoE, Vlieghe, Sterling, Joice Alves, Barbara Lewis Organizations: Sterling, Bank of England, FX, Rabobank, , ING, ” ING Locations: Britain
LONDON (Reuters) - Five years after the 2016 referendum that dealt it a heavy blow, the pound is less than ten cents below its pre-Brexit exchange rate against the dollar. FILE PHOTO: Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. Sterling’s rally is partly down to the dollar’s weakness; versus the euro, for example, the pound remains 13% below pre-Brexit levels. (Graphic: GBP positions - )5/ POSITIONS, VALUATIONThe pound still looks cheap. CME data shows heavy recent buying of bearish pound options carrying “strike” prices of $1.40 and $1.32.
Persons: Pound, Leonhard Foeger, Sterling, , , Sebastian Mackay, BoE, ” Salman Ahmed, Andy Haldane, Joe Biden, Germany’s, Angela Merkel’s, Britain meanwhile, Boris Johnson’s Organizations: Money Service Austria company's, REUTERS, Britain’s, European Union, Reuters, Deutsche Bank, Bank of England, U.S, U.S . Fed, Fidelity International, Senate, Boris Johnson’s Conservative, Scottish National Party, Commodity Futures Trading Commission Locations: Vienna, Austria, Britain, Europe, U.S ., France
By 0920 GMT the shares were down 19% at 330.55 pence, reducing the company’s market capitalisation to 2.51 billion pounds. “I think what will happen is there will be more caution in the IPO market - you may not be able to command the same type of valuations as before. Alphawave sold 360 million pounds in new shares while existing equity holders sold down shares worth 496 million pounds, listing about 28% of the business. BlackRock and Janus Henderson were cornerstone investors in the Alphawave float, subscribing to about $390 million and 85 million pounds ($120 million) of shares respectively. Other large initial public offerings on the London Stock Exchange so far this year include Darktrace, Dr Martens , Moonpig and Trustpilot.
Persons: Deliveroo, , Hargreaves, Susannah Streeter, fintech, Wise, Oxford Nanopore, , ” Streeter, Alphawave, Janus Henderson, JP Morgan, Dr Martens, Moonpig Organizations: LONDON, London, Nasdaq, Oxford, BlackRock, Barclays, London Stock Exchange Locations: Toronto, London
By 1040 GMT the shares were down 21% at 322 pence, reducing the company’s market capitalisation to 2.45 billion pounds. Other European IPOs have also struggled to gain traction recently, with German online car trader Meinauto scrapping its planned stock market listing on Tuesday, citing “adverse” market conditions for high-growth companies. Alphawave sold 360 million pounds in new shares while existing equity holders sold down shares worth 496 million pounds, listing about 28% of the business. BlackRock and Janus Henderson were cornerstone investors in the Alphawave float, subscribing to about $390 million and 85 million pounds ($120 million) of shares respectively. Other large initial public offerings on the London Stock Exchange so far this year include Darktrace, Dr Martens , Moonpig and Trustpilot.
Persons: Deliveroo, Alphawave, , John Lofton Holt, , Russ Mould, fintech, Wise, Oxford Nanopore, Janus Henderson, Dr Martens, Moonpig, Joice Alves, Abhinav, Thyagaraju Adinarayan, David Goodman, Gabriela Baczynska Organizations: London, Bell Investment, Oxford, BlackRock, Barclays, JPMorgan, London Stock Exchange Locations: Toronto, U.S
The pound rose 0.5% in minutes, to a one-week high of $1.3972 versus the dollar after data from the Labor Department showed U.S. employers hired fewer workers than expected in April. But by 1451 GMT, the pound was 0.6% higher at $1.3976 versus the weakening dollar. Of most interest to sterling traders is the Scottish election, where the pro-independence ruling Scottish National Party has vowed to call another referendum on breaking away from the United Kingdom if it wins a majority of seats. Sterling had its best quarter since 2015 versus the euro supported by Britain’s faster vaccine rollout. But as the vaccine push accelerates in the euro zone, Rabobank expects a slow move lower in EUR/GBP to 84.00 pence in the coming month, Foley said.
Persons: BOE, Jane Foley, Foley Organizations: Labor Department, Bank of England, Traders, Scottish, Scottish National Party, ING, Rabobank, Sterling Locations: United Kingdom, Scottish
Sterling on track for weekly gains after election, BOE
  + stars: | 2021-05-07 | by ( Joice Alves | ) www.reuters.com sentiment -0.99   time to read: +2 min
* Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh* Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9HvLONDON, 07 May (Reuters) - Sterling was a touch higher versus the dollar and steadied against the euro on Friday, but was on track for weekly gains against both as traders watched for British election results. The British currency was unable to hold on to gains made on Thursday after the Bank of England slowed the pace of its trillion-dollar bond-purchasing programme. Of most interest to sterling traders is the Scottish election, where the pro-independence ruling Scottish National Party has vowed to call another referendum on breaking away from the United Kingdom if it wins a majority of seats. Just over a third of the results will be announced on Friday and the remainder will be announced on Saturday. Sterling had its best quarter since 2015 versus the euro, gaining around 4.8%.
Persons: Sterling, BoE, BOE, Jane Foley, Foley, Angus MacSwan Organizations: Reuters, Bank of England, Traders, Scottish, Scottish National Party, Saturday, ING, Rabobank, Sterling Locations: United Kingdom, Scottish
Total: 25