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Top related persons:
Pound - 1 Leonhard Foeger - 1 Sterling - 1 Amanda Cooper - 1 Samuel Indyk - 1
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Vienna Austria British
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Money Service Austria company's - 1 REUTERS - 1 Office - 1 National Statistics - 1 Thomson - 1

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3 mentions found


☆ Sterling breaks three-day fall after UK GDP beats forecasts
  + stars: | 2023-08-11 | by ( ) www.reuters.com   time to read: +1 min
Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger/File PhotoLONDON, Aug 11 (Reuters) - The pound broke three straight days of losses on Friday after data showed the British economy grew more than expected in June, which boosted sterling against the dollar and the euro. British economic output grew by 0.5% in June, figures from the Office for National Statistics showed on Friday. Sterling was last up 0.3% at $1.2708, compared with $1.2685 before the data, but was still on course for a fourth consecutive weekly loss against the dollar. The euro fell against the pound, dropping 0.1% on the day to 86.50 pence, down from 86.64 earlier on.
Persons: Pound, Leonhard Foeger, Sterling, Amanda Cooper, Samuel Indyk Organizations: Money Service Austria company's, REUTERS, Office, National Statistics, Thomson Locations: Vienna, Austria, British
☆ Reactions: Britain's pound crumbles to record lows in firesale of UK assets
  + stars: | 2022-09-26 | by ( ) www.reuters.com   time to read: +8 min
Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger/File PhotoLONDON, Sept 26 (Reuters) - Britain's pound plunged to record lows on Monday and bonds were slammed for a second day, as investors punished UK assets after the government's mini-budget announcement last week. The presentation of the mini-budget was received quite badly by the markets – sterling literally collapsed. The significant tax cuts announced by the Treasury Secretary cause concerns for the currency markets because of rising government debt." One is the loss of confidence in UK fiscal policy and that won't help sterling.
☆ Sterling idles near 37-year low ahead of Fed, BoE meetings
  + stars: | 2022-09-20 | by ( ) www.reuters.com   time to read: +2 min
Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. At 0933 GMT, the pound was little changed against the dollar at $1.1432, just above last week's 37-year low of $1.1351. Money markets fully price in a half-point rate hike from the BoE on Thursday, with around a 75% chance of a larger 75 basis point rate rise, according to Refinitiv data. Meanwhile, economists polled by Reuters expect a 50 basis point hike this week and for the Bank Rate to end 2022 at 3%. Expectations of a hike of at least 75 basis points have been keeping the dollar index elevated near its highest level since 2002.
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