Dollar falls against yen, hovers near 2.5-year low against pound after dovish Fed policy
By Kevin Buckland TOKYO (Reuters) – The yen rose to a three-week high against the dollar on Monday as an emphatic policy shift by U.S. Federal Reserve Chairman Jerome Powell contrasted sharply with the unwaveringly tough tone of Bank of…
Dollar falls against yen, hovers near 2.5-year low against pound after dovish Fed policy
By Kevin Buckland TOKYO (Reuters) – The yen rose to a three-week high against the dollar on Monday as an emphatic policy shift by U.S. Federal Reserve Chairman Jerome Powell contrasted sharply with the unwaveringly tough tone of Bank of…
De La Rue is in talks about possible sale of core areas
Following a strategic review, banknote printing company De La Rue is in talks with potential buyers interested in purchasing its core business units. The Basingstoke-based group, which prints banknotes for the Bank of England and other central banks around the…
Get ready for a correction in stock markets, says the Bank of England
Image source: Getty Images The stock market is doing well in 2024. FTSE100 has risen by 6.2% since the turn of the year, while the S&P500 has risen by almost 15%. European stocks have also performed well. However, the Bank…
A grim budget in sight, likely tax increases and spending cuts
Remember the “grim economic legacy” that the new government keeps talking about? Earlier in the summer Rachel Reeves She produced a document suggesting that the state of the UK economy and public finances was so dire – so much worse…
The Bank of England predicts another correction in the stock markets! Who cares?
Image source: Getty Images The British stock market has been on a winning streak since October 2023. The financial markets have steadily recovered from the effects of inflation. And as a result, both the FTSE100 And FTSE250 have risen by…
Is Rachel Reeves considering an ISA tax raid?
City comment: ISA savings have risen to a record high. That could attract the attention of the likely future finance minister (Stefan Rousseau/PA) (PA archive) Ah, so that’s where all the money went. Latest figures from the Bank of England…
Pound Sterling near 13-month high ahead of Powell and Bailey speeches
(Reuters) – The pound oscillated near a 13-month high against the dollar on Friday, trading just below levels reached in April 2022, as traders awaited key speeches from the heads of the Federal Reserve and the Bank of England. The…
