Sterling slides as BOE rams home easing message
London
STERLING fell half a per cent to a one-month low against the US dollar on Tuesday, by far the biggest mover on major currency markets after the Bank of England's (BOE) sole policy hawk signalled his willingness to ease further.
The dollar inched up 0.1 per cent against the basket of currencies used to measure its broader strength, amid increasing expectations that the US Federal Reserve could raise interest rates later this year. It…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in