Swiss franc soars after shock rate hike; pound higher

NEW YORK, June 16 (Reuters) – The Swiss franc soared against the dollar and the euro on Thursday after the Swiss National Bank delivered a surprise interest rate hike, while the British pound rose after the Bank of England delivered a rate hike of its own. The SNB joined other central banks in tightening monetary […]
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Bitcoin sinks to fresh 18-month low as crypto meltdown deepens

LONDON/NEW YORK, June 15 (Reuters) – Bitcoin slumped on Wednesday to a new 18-month low, dragging smaller tokens down with it and deepening a market meltdown sparked by crypto lender Celsius this week freezing customer withdrawals. The world’s largest cryptocurrency fell as much as 7.8% to $20,079.72 , its lowest since December 2020. It has […]
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Pound struggles on prospect of new Scottish independence vote

LONDON, June 14 (Reuters) – Sterling fell to an almost nine-month low versus the euro on Tuesday after Scotland’s First Minister Nicola Sturgeon said she was set to share details on plans for a new independence referendum. Sturgeon said she was nearly ready to give more details on how Scotland’s devolved parliament could move ahead […]
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Sterling hits 2-year low as GDP dips, post-Brexit tensions rise

LONDON, June 13 (Reuters) – Sterling fell to its lowest in two years against a rising dollar on Monday, coming under pressure from data showing Britain’s economy unexpectedly shrunk in April and tensions with the European Union over post-Brexit trade with Northern Ireland. UK gross domestic product contracted by 0.3% after inching down by 0.1% […]
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Stocks slide, dollar gains on hot U.S. inflation data

NEW YORK, June 10 (Reuters) – U.S. and European stocks slid while the dollar strengthened on Friday after hot U.S. consumer price data for May raised the likelihood that the Federal Reserve will prolong an aggressive campaign of hiking interest rates to tame inflation. The consumer price index accelerated 1.0% last month after gaining 0.3% […]
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Euro stays grounded as ECB give ‘lift-off’ signal

LONDON, June 9 (Reuters) – Benchmark European borrowing costs hit an 8-year high on Thursday but the euro and stocks stayed firmly grounded as the European Central Bank signalled it will hike euro zone interest rates for the first time in a decade next month. Along with a 20-year low for the Japanese yen there […]
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Dollar hits 2-decade high vs yen, pound near 3-week low

LONDON, June 7 (Reuters) – The U.S. dollar rose to a two-week high as rising U.S. Treasury yields supported the greenback, pushing the Japanese yen to its lowest level against the dollar in two decades. The yen dropped to a 20-year low of 133 per dollar, levels that had previously been highlighted as intervention territory, […]
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Oil prices sit tight as OPEC+ plan disappoints

MELBOURNE/SINGAPORE, June 3 (Reuters) – Oil prices moved in a thin range on Friday as markets shrugged off the decision of OPEC+ to increase production and questioned whether the incremental output could make up for lost supply from Russia and meet China’s growing demand amid easing COVID restrictions. U.S. West Texas Intermediate (WTI) crude futures […]
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