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

Search resuls for: "Sunak"


25 mentions found


With or without a trade deal with Brussels, Brexit will inflict a significant hit on the UK economy, the Office for Budget Responsibility said this week. However, the cost and disruption that awaits the UK didn't feature in Rishi Sunak's Spending Review. The Chancellor and the rest of Boris Johnson's government are reluctant to talk about Brexit due to its associated costs, Theresa May's former Europe adviser told Business Insider. However, to the frustration of opposition politicians, British business, and Brexit experts, the issue was barely mentioned in Chancellor of the Exchequer Rishi Sunak's Spending Review this week. Business Insider has asked the UK government for comment.
Persons: Boris Johnson's, Theresa May's, , Rachel Reeves, Labour's, Brexit, Anand Menon, Alex Chisholm, Raoul Ruperal, Theresa May, Johnson's, that's, Maddy Thimont Jack, hasn't, Ruparel, Jack Organizations: EU, Trade, Institute, Government, Business, Sky News, Service Locations: Brussels, Brexit, British, Duchy, Lancaster, Europe, EU
FILE PHOTO: People walk during the morning rush hour in the Canary Wharf amid the outbreak of the coronavirus disease (COVID-19) in London Britain, October 15, 2020. REUTERS/Hannah McKayLONDON (Reuters) - The proportion of British workers on furlough has jumped to its highest level since late June following the introduction of a temporary four-week lockdown across England to reverse a second wave of COVID cases, official figures showed on Thursday. Businesses reported that 15% of staff on average were on furlough between Nov. 2 and Nov. 15, up from 9% in the previous survey which covered the second half of October, the Office for National Statistics said. Britain’s government placed England under a four-week lockdown which started on Nov. 5 which closed restaurants, pubs, non-essential retailers and most other businesses open to the public. Finance minister Rishi Sunak had intended to terminate the furlough programme at the end of October, but the second wave of COVID cases forced him to extend it until the end of March.
Persons: Hannah McKay LONDON, Rishi Sunak Organizations: REUTERS, National Statistics, Finance Locations: London Britain, England, United Kingdom, Britain
UK's Sunak says public finances are on unsustainable path
  + stars: | 2020-11-26 | by ( David Milliken | ) www.reuters.com + 0.00   time to read: +2 min
Sunak declined to commit specifically to tax rises, saying any decision would need to wait for his annual budget statement due early next year. The headline measure of public debt will begin to fall as a share of GDP from 2024/25, but a lower, underlying measure of debt - which excludes temporary lending by the Bank of England - is forecast to keep rising. Record-low interest rates made the high level of debt affordable, and spending on debt interest is due to fall to a record low share of public spending, despite the surge in borrowing, the OBR forecast. But Britain was becoming more vulnerable to any unexpected rise in global interest rates, it warned. “If those change significantly over time and move up, that would cost us more money and that’s something that would obviously be difficult,” Sunak told radio station LBC.
Persons: Rishi Sunak, that’s, ” Sunak, Sunak, , Andrew Bailey Organizations: BBC, . Bank of England, Britain’s, Bank of England, LBC Locations: British, Britain
Tech stocks nudge European shares higher, virus woes limit gains
  + stars: | 2020-11-26 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 25, 2020. REUTERS/Staff(Reuters) - European shares inched higher in early trade on Thursday, but gains were limited as an extension of coronavirus restrictions in Germany and grim economic growth forecasts for the United Kingdom dented sentiment. The pan-European STOXX 600 rose 0.1%, with tech and healthcare sectors leading gains. The benchmark index ended a four-day winning streak in the previous session as investors cashed in on gains after a vaccine-fuelled rally. In company news, consumer goods group Unilever rose 1.5% on agreeing to buy U.S.-based vitamin company SmartyPants Vitamins.
Persons: Chancellor Angela Merkel, Rishi Sunak Organizations: REUTERS, Staff, Reuters, United, Germany, Unilever Locations: Frankfurt, Germany, United Kingdom, Europe, United States
European shares flat as virus woes, economic risks weigh
  + stars: | 2020-11-26 | by ( Shriya Ramakrishnan | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - European shares were little changed on Thursday as an extension of coronavirus restrictions in Germany and a grim growth forecast for the United Kingdom brought the focus back to the economic impact from the COVID-19 pandemic. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 25, 2020. REUTERS/StaffThe pan-European STOXX 600 index was flat at 0920 GMT, with gains in tech and healthcare stocks offset by declines in the autos and energy sectors. Trading volumes are expected to be thin in light of the Thanksgiving holiday in the United States. In company news, Amigo Holdings dropped 1.3% after the subprime lender reported a 36.5% slump in first-half revenue and flagged “material uncertainty” about its future operations.
Persons: ” Hussein Sayed, FXTM, Chancellor Angela Merkel, DAX, Matt Hancock, Rishi Sunak Organizations: Reuters, REUTERS, Staff, Germany, CAC, Investors, Amigo Holdings Locations: Germany, United Kingdom, Frankfurt, Europe, France, United States, England, British
Out of COVID isolation, Johnson to give news conference
  + stars: | 2020-11-26 | by ( Reuters Staff | ) www.reuters.com + 0.92   time to read: 1 min
Britain's Prime Minister Boris Johnson appears on screen during Question Period at the House of Commons in London, Britain November 25, 2020. UK Parliament/Jessica Taylor/Handout via REUTERSLONDON (Reuters) - British Prime Minister Boris Johnson will hold a news conference on Thursday where he will explain which areas in England will continue to local restrictions after the end of the monthlong national lockdown next month, finance minister Rishi Sunak said. “The prime minister will do a press conference later today,” Sunak told Sky News.
Persons: Boris Johnson, Jessica Taylor, Handout, Rishi Sunak, ” Sunak Organizations: Britain's, REUTERS LONDON, British, Sky News Locations: London, Britain, England
Britain says Brexit trade deal can be reached, but not at any cost
  + stars: | 2020-11-26 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +1 min
FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain, November 25, 2020. REUTERS/Simon DawsonLONDON (Reuters) - Britain and the European Union can clinch a Brexit trade deal and the shape of one is clear, but London will not sign up to an accord at any cost, Britain’s finance minister said on Thursday. With just five weeks left until the United Kingdom finally exits the EU’s orbit, both sides are trying to reach a trade deal that would avoid a tumultuous finale to the five-year Brexit crisis. “With a constructive attitude and goodwill on all sides we can get there,” finance minister Rishi Sunak told Sky. European Commission head Ursula von der Leyen said on Wednesday the EU was ready for the possibility of Britain leaving it without a new trade accord despite “genuine progress” in the tortuous Brexit talks.
Persons: Rishi Sunak, Simon Dawson, ” Sunak, Ursula von der Leyen, Michel Barnier, Barnier, David Frost Organizations: REUTERS, Simon Dawson LONDON, European Union, LBC, Commission, EU, European Locations: Downing, London, Britain, United Kingdom, EU, Brussels
UK says on Brexit trade deal: We can get there but not at any cost
  + stars: | 2020-11-26 | by ( Reuters Staff | ) www.reuters.com sentiment -0.98   time to read: +2 min
LONDON (Reuters) - Britain and the European Union can clinch a Brexit trade deal and the shape of one is clear but London will not sign up to an accord at any cost, Prime Minister Boris Johnson’s finance minister said on Thursday. FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain, November 25, 2020. “With a constructive attitude and goodwill on all sides we can get there,” Sunak told Sky. “It’s clear what the shape of the deal looks like.”“It is preferable” to get a deal, Sunak told LBC radio. An official involved in the negotiations said a deal was possible, but not likely before the weekend at the earliest.
Persons: Boris Johnson’s, Rishi Sunak, Simon Dawson, ” Sunak, Sunak, Ursula von der Leyen, Michel Barnier Organizations: European Union, REUTERS, LBC, European Commission, EU Locations: Britain, London, Downing, United Kingdom, EU
UK's Sunak says on Brexit trade deal: We can get there
  + stars: | 2020-11-26 | by ( Reuters Staff | ) www.reuters.com + 1.00   time to read: 1 min
FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak speaks on Spending Review 2020 and the Office for Budget Responsibility's latest economic and fiscal forecast at the House of Commons in London, Britain November 25, 2020. UK Parliament/Jessica Taylor/Handout via REUTERSLONDON (Reuters) - British finance minister Rishi Sunak said on Thursday that he was confident and hopeful that a Brexit trade deal could be struck with the European Union - and that the shape of the deal was clear. “There is a lot of work going on, and I think with a constructive attitude and goodwill on all sides we can get there,” Sunak told Sky. “It’s clear what the shape of the deal looks like.”“I am hopeful that the EU will see that the vast majority of what we’re asking for are things that they’ve already agreed with other countries,” Sunak said. “The teams are hard at work.”
Persons: Rishi Sunak, Jessica Taylor, Handout, ” Sunak, they’ve, , Organizations: Budget, REUTERS LONDON, European Union Locations: London, Britain, British
LONDON (Reuters Breakingviews) - Britain’s economy looks to be heading for the deep freeze. The imbalance between 1.2 trillion pounds of spending and 770 billion pounds of tax receipts is equivalent to 19% of economic output. The International Monetary Fund recently estimated that every 1% of public investment could boost GDP by 2.7%, and private investment by 10%. With nearly 56,000 Covid-19 related deaths, the UK has the highest mortality rate for the disease in Europe, and infection rates are stubbornly high. If they’re keeping track of the horrible state of the UK economy, they may not do.
Persons: Rishi Sunak, Brexit, Sunak, there’s, it’s, Matt Hancock Organizations: LONDON, Reuters, Union, Monetary Fund Locations: Rothesay, Isle of Bute, Scotland, Britain, Europe
Factbox: UK's Sunak in borrowing spree to pay for COVID-19 hit
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +4 min
To keep transport networks open, including subsidising train services, the government will provide 2 billion pounds, while local authorities will receive 3 billion pounds and devolved administrations in Scotland, Wales and Northern Ireland 2.6 billion. PAY FREEZENurses, doctors and other NHS workers will receive a pay rise but increases for the rest of the public sector will be paused next year. However, public workers earning less than 24,000 pounds will be guaranteed a pay rise of at least 250 pounds. NHSSunak said the NHS’s core budget will grow by 6.6 billion pounds, paying for 50,000 more nurses and 50 million more general practice appointments. There will be 4 billion pounds over four years to provide 18,000 new prison places.
Persons: Rishi Sunak, Phil Noble, Sunak, , NHS Sunak Organizations: Worcester Bosch, REUTERS, National Health Service, Northern Ireland, NHS, Infrastructure Strategy, Conservative Locations: Britain, Worcester, Scotland, Wales, Northern
UK will not phase out RPI inflation measure before 2030
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain, November 25, 2020. REUTERS/Henry NichollsLONDON (Reuters) - Britain will not bring the Retail Prices Index (RPI) measure of inflation in line with the typically lower Consumer Prices Index before 2030. British government statisticians recommended last year that the government immediately bring RPI in line with the CPIH measure of inflation - a version of CPI which includes extra estimates of housing costs. The finance ministry rejected a sudden change last year, but said it would consult on whether to phase in a change at some point between 2025 and 2030. British statisticians have discouraged the use of RPI since 2013, saying it typically overstates inflation, but it remains widely used to calculate interest payments on index-linked bonds and student loans, as well as annual increases in some pensions, rail fares and other commercial contracts.
Persons: Rishi Sunak, Henry Nicholls LONDON Organizations: REUTERS, RPI, Statistics Authority Locations: Downing, London, Britain
UK cuts foreign aid spending commitment, causing outcry
  + stars: | 2020-11-25 | by ( Estelle Shirbon | ) www.reuters.com + 0.00   time to read: +2 min
LONDON (Reuters) - Britain reduced its foreign aid spending commitment on Wednesday to 0.5% of gross domestic product from 0.7%, causing an immediate outcry from international development organisations and the spiritual head of the Church of England. Britain's Chancellor of the Exchequer Rishi Sunak carries the "Spending Review 2020" document as he leaves Downing Street, in London, Britain, November 25, 2020. “Cutting the aid budget during a global pandemic is like closing fire stations during a heatwave,” said Patrick Watt, Director of Policy, Public Affairs and Campaigns at Christian Aid. The 0.7% target, originally introduced by Tony Blair when he was prime minister, was a commitment made by the ruling Conservative Party in the run-up to last year’s election and repeated by Prime Minister Boris Johnson. Prior to Sunak’s announcement, former prime ministers Blair and David Cameron had urged the government to retain the target.
Persons: Britain's, Rishi Sunak, Downing, Henry Nicholls, ” Sunak, , of Canterbury Justin Welby, , Patrick Watt, Danny Sriskandarajah, Tony Blair, Boris Johnson, Blair, David Cameron Organizations: of England, REUTERS, Twitter, Public Affairs, Christian Aid, Oxfam, Oxfam GB, Conservative Party Locations: Britain, London
Minister resigns as UK cuts foreign aid spending commitment
  + stars: | 2020-11-25 | by ( Estelle Shirbon | ) www.reuters.com sentiment -1.00   time to read: +2 min
LONDON (Reuters) - Britain reduced its foreign aid spending commitment on Wednesday to 0.5% of gross domestic product from 0.7%, causing one minister to resign and an immediate outcry from development organisations and the spiritual head of the Church of England. He said aid spending would rise to 0.7% again when fiscal conditions allowed, but did not set a target date. The government minister for sustainable development, Liz Sugg, resigned over the decision, saying it diminished Britain’s global influence. Several senior members of the ruling Conservative Party, including former foreign minister Jeremy Hunt, also criticised the decision, hinting at a possible rebellion in parliament. “Cutting the aid budget during a global pandemic is like closing fire stations during a heatwave,” said Patrick Watt of Christian Aid.
Persons: Rishi Sunak, ” Sunak, Liz Sugg, Jeremy Hunt, , ” Hunt, Archbishop of Canterbury Justin Welby, , Patrick Watt Organizations: of England, Conservative Party, Christian Aid, Oxfam Locations: Britain
UK pauses public sector pay hikes, except for health workers: Sunak
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain, November 25, 2020. REUTERS/Simon DawsonLONDON (Reuters) - Britain’s government will pause pay rises for public sector workers except those in the health service and on lower incomes, finance minister Rishi Sunak said on Wednesday, describing the measure as a way to target those “who need it most”. Sunak said he had to address the “disparity” between public and private sector wages in a move opposition parties said penalised the very people who have been on the frontline of Britain’s fight against the COVID-19 pandemic. “In such a difficult context for the private sector – especially for people working in sectors like retail, hospitality, or leisure - I cannot justify a significant, across-the-board pay increase for all public sector workers,” he told parliament. “Instead, we are targeting our resources at those who need it most ... What this means ... is that while the government is making the difficult decision to control public sector pay, the majority of public sector workers will see their pay increase next year.
Persons: Rishi Sunak, Simon Dawson, Sunak, , Anneliese Dodds Organizations: REUTERS, Simon Dawson LONDON, Labour Party, Locations: Downing, London, Britain
PARIS/BERLIN (Reuters) - Countries around the world agonised over new coronavirus curbs ahead of Christmas and other holidays as global infections approached 60 million on Wednesday and U.S. officials pleaded with Americans to stay home over Thanksgiving. “All the Thanksgiving travel ensures no one will catch us, either,” said Dr. Tatiana Prowell of the Johns Hopkins School of Medicine. Hopes for a successful vaccine, boosted by Pfizer, AstraZeneca and Moderna, have given world stock markets a lift. Italy reported 853 deaths related to COVID-19 on Tuesday, soaring from 630 the day before and the highest daily toll since March 28. The United States has the world’s highest COVID death toll at nearly 260,000, with more than 1.4 million infections and its hospitals fast filling up.
Persons: Ivan Pierre Aguirre, , Tatiana Prowell, ” Prowell, Chancellor Angela Merkel, Emmanuel Macron, , It’s, Christophe Boucher, Macron, Rishi Sunak, Ursula von der Leyen, Joe Biden, Donald Trump, Biden Organizations: PARIS, University of Texas El, REUTERS, , Johns Hopkins School of Medicine, Twitter, Pfizer, AstraZeneca, Moderna, Air France, KLM, Air, , U.S, United Locations: BERLIN, University of Texas El Paso, El Paso , Texas, U.S, United States, Germany, Italy, France, Air France, United Kingdom, ” Lithuania, Norway
A recent opinion poll showed Sunak was the most popular figure among rank-and-file members of the ruling Conservative Party. The same poll gave Prime Minister Boris Johnson an approval rating of minus 10 percent. The prime minister, who was hospitalized with the coronavirus in April, is currently self-isolating after being exposed to the virus again. Chancellor of the Exchequer Rishi Sunak takes part in a BBC Children In Need and Comic Relief 'Big Night In' on April 23, 2020 in London. Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street in London in July.
Persons: Rishi Sunak, Sunak, Boris Johnson, He's, Kamala Harris, Joe Biden's, George Floyd, Sunder Katwala, Ipsos MORI, Enoch Powell, Johnson, Tony Blair, Katwala, British Obama, Shashi Tharoor, Tharoor, Goldman Sachs, Akshata Murthy, N.R, Narayana Murthy, Carl Emmerson, Emmerson, Britain's, Hannah Mckay, Reuters Johnson, Sunak chuckled Organizations: Conservative Party, United, Newspapers, Yorkshire Dales, Britain's Conservative Party, British, NBC, Labour Party, Democratic, Relief, Comic Relief, Eton, Johnson's, Winchester College, Oxford University, Stanford University in, Infosys, European Union, Brexit, Sunak, Analysts, Conservative, Fiscal Studies, Reuters Locations: Britain, United Kingdom, Europe, Yorkshire, England, Minneapolis, British, Democratic Republic of Congo, London, America, India, Stanford University in California, Downing
In the previous 2019/20 fiscal year, which ended as the country began to be hit by the COVID-19 pandemic, borrowing came in at just over 56 billion pounds, or 2.5% of GDP. Sunak has rushed out emergency spending and tax cuts to offset the crisis, including a recent extension of the government’s centrepiece jobs protection scheme. In August, the OBR said it expected borrowing to total 372.2 billion pounds this year, or 18.9% of GDP. He recently extended the jobs protection plan until the end of March, adding to his 200 billion pounds of emergency spending and tax cut measures. Sunak said the cost of the fight against coronavirus was now estimated at 280 billion pounds this year.
Persons: Rishi Sunak, Sunak, ” Sunak, coronavirus Organizations: European Union Locations: Britain, COVID, Europe
Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain, November 25, 2020. In the 2019/20 year, which ended as the country began to be hit by the COVID-19 pandemic, borrowing was just over 56 billion pounds, or 2.5% of GDP. Britain’s economy has been hit harder by the coronavirus pandemic than those of many other rich nations. Sunak has rushed out emergency spending and tax cuts to offset the crisis, including a recent extension of the government’s centrepiece jobs protection scheme. Sunak said the cost of the fight against coronavirus was now 280 billion pounds this year, up from a previous estimate of about 200 billion pounds.
Persons: Rishi Sunak, Henry Nicholls, Sunak, , OBR, coronavirus, ” Sunak Organizations: Britain's, REUTERS, European Union Locations: Britain, Downing, London, COVID, Europe
And our economic emergency has only just begun,” he said, promising more money for health, infrastructure, defence and to fight unemployment. Britain’s budget watchdog estimated borrowing would be 394 billion pounds ($526 billion) in the 2020/21 financial year that began in April, slightly more than it predicted in August. “We have a responsibility, once the economy recovers, to return to a sustainable fiscal position,” he said on Wednesday. Sunak said the cost of his measures to fight the coronavirus was now 280 billion pounds for this year, up from a previous estimate of about 200 billion pounds. To meet Prime Minister Boris Johnson’s promise of “levelling up” growth around the country, 100 billion pounds will be spent next year on longer-term investments, 27 billion pounds more than last year.
Persons: Rishi Sunak, Frost ”, Sunak, , Goldman Sachs, Boris Johnson’s, Johnson, Paul Johnson, Canterbury Justin Welby, David Cameron Organizations: European Union, Conservative Party, Conservative, Institute for Fiscal Studies Locations: Britain, COVID, Europe, England, British
Economic forecasts will make 'for a sobering read', UK cabinet told
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -0.96   time to read: 1 min
FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak leaves Downing Street, in London, Britain October 14, 2020. REUTERS/John SibleyLONDON (Reuters) - British finance minister Rishi Sunak told Prime Minister Boris Johnson’s cabinet team of top ministers on Wednesday that the upcoming Office for Budget Responsibility’s forecasts would “make for a sobering read”. “Cabinet was told the OBR forecasts will show the impact the coronavirus pandemic has had on our economy and they will make for a sobering read, showing the extent to which the economy has contracted and the scale of borrowing and debt levels,” Johnson’s Downing Street office said in a statement.
Persons: Rishi Sunak, John Sibley, Boris Johnson’s, Organizations: REUTERS, John Sibley LONDON, Locations: Downing, London, Britain, British
UK spent 849 million pounds on COVID dining subsidy
  + stars: | 2020-11-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
Official figures released on Wednesday ahead of new spending plans from finance minister Rishi Sunak showed his Eat Out to Help Out scheme cost 849 million pounds, much more than an initial government estimate of 500 million pounds. The programme paid up to half the cost of more than 160 million meals during August to boost one of the sectors hardest hit by the first coronavirus lockdown. The most expensive single programme, the Job Retention Scheme, has cost 43.0 billion pounds up to Nov. 15, and supported 8.9 million jobs at its peak. Preliminary tax data released on Wednesday showed that 2.4 million jobs were still fully or partly furloughed on Sept. 30, which the government estimated would rise to 2.7 million once all returns had been received. ($1 = 0.7496 pounds)
Persons: Rishi Sunak Locations: COVID, Britain
(Reuters) - European shares eased slightly, while staying near nine-month highs on Wednesday as a relaxation of coronavirus restrictions in the region and growing hopes that a vaccine would soon be ready kept sentiment afloat. The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 18, 2020. French President Emmanuel Macron said on Tuesday a vaccine could start being administered as soon as the end of the year if approved by regulators. German stocks dropped 0.1% by 0920 GMT and Italian shares slipped 0.2%, while France’s CAC 40 traded flat. United Utilities, one of the largest listed water companies in UK, jumped 4.3% as it proposed a higher interim dividend.
Persons: , David Madden, hasn’t, Emmanuel Macron, underperformed, Rishi Sunak Organizations: Reuters, REUTERS, Staff, CMC Markets, , CAC, European, EU, Investors, Virgin Money, United Utilities Locations: Frankfurt, Germany, ” Germany, United Kingdom, France, Britain
NEW YORK (Reuters) - The dollar rebounded from a three-month low against a basket of currencies on Wednesday as a risk-on rally in global financial markets appeared to stall after U.S. data showed a less-than-rosy economic picture. FILE PHOTO: A trader shows U.S. dollar notes at a currency exchange booth in Peshawar, Pakistan December 3, 2018. The U.S. dollar index was 0.05% lower at 92.086, having fallen as low as 91.941 earlier in the session, its weakest since Sept 1. Later today, investors will be focused on the minutes from the Federal Reserve’s latest meeting. “We don’t expect much surprise and see limited room for the minutes to tame the dollar decline.
Persons: Fayaz Aziz, Shaun Osborne, ” Osborne, Janet Yellen, Rishi Sunak Organizations: YORK, REUTERS, U.S, Scotiabank, Federal, Treasury, ING, Sterling Locations: Peshawar, Pakistan
Dollar near a three-month low ahead of Thanksgiving holiday
  + stars: | 2020-11-25 | by ( Saqib Iqbal Ahmed | ) www.reuters.com sentiment -1.00   time to read: +2 min
NEW YORK (Reuters) - The dollar edged lower against a basket of currencies on Wednesday, trading near a three-month low, even as a risk-on rally in global financial markets appeared to stall after U.S. data showed a less-than-rosy economic picture. FILE PHOTO: George Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. The U.S. dollar index was 0.14% lower at 91.999, rebounding modestly after having fallen as low as 91.927 earlier in the session, its weakest since Sept 1. Sterling edged higher on Wednesday after British finance minister Rishi Sunak announced a one-year spending plan to parliament, along with new forecasts for the country’s coronavirus-hit economy. Bitcoin, the most popular cryptocurrency, climbed to $19,049.13, a little short of its record of $19,666 from December 2017.
Persons: George Washington, Dado Ruvic, ” Ronald Simpson, Janet Yellen, Sterling, Rishi Sunak Organizations: YORK, REUTERS, U.S, . Federal, Federal, Treasury
Total: 25