British pound

Britain’s pound, gilt prices hold lower after Starmer steps down 

Investors continued to almost fully price in two quarter-point interest rate cuts by the Bank of England in 2026.

Sterling set for rise as UK economy bounces back in November

The Bank of England lowered rates to 4.5 per cent and halved its growth forecast for this year to 0.75 per cent.

Pound slides on Bank of England rate cut as investors fret about ‘stagflation’

The euro, which had been the weakest G10 currency through November, began this month with a 0.7 per cent fall on Monday and was last up 0.2 per cent at US$1.05185.

Euro tiptoes higher, France turmoil keeps investors on edge

Euro drops against strong US dollar amid fears of French government collapse, threatening deficit reduction plans.

Euro falls against strengthening US dollar amid French political uncertainty

Rapid euro-dollar shifts affect multinationals’ earnings and impact growth and inflation for countries importing commodities and exporting dollar-priced goods.
NEWS ANALYSIS

Euro’s bruising leaves global investors on edge

Against a basket of currencies the dollar held at 106.77, having touched a one-year top of 107.07 on Friday.

US dollar rises against yen on BOJ caution; euro sell-off pauses

The dollar index, which measures the currency against six top counterparts including the euro and yen, added 0.3 per cent to 106.79, and briefly touched 107, its highest since early November 2023.

US dollar marches on, Trump trade momentum undimmed