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Sterling set for weekly rise as UK economy bounces back in November
By Joice Alves LONDON, Jan 16 (Reuters) - Sterling rose on Friday, and was set for its fifth consecutive weekly rise against the euro, after data this week showed that the British economy grew more strongly than expected in November.The pound GBP= was up 0.13% to $1.3402. It was on track for a 0....Reuters
7 minutes ago
China-led cross-border digital currency platform sees surge
By Marc Jones LONDON, Jan 16 (Reuters) - Transactions on a new China-led digital currency platform have surged to over $55 billion, a new report shows, the latest sign that efforts to build alternatives to dollar-dependent global payment systems are gaining traction.Data crunched by the Washingto...Reuters
10 minutes ago
State Street beats Q4 adjusted EPS estimates on higher fee revenue, interest income
OverviewFinancial services firm's Q4 revenue rose 7%, beating analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany expanded Wealth Services via Apex Fintech partnershipOutlookState Street plans to expand Wealth Services through Apex Fintech Solutions partnershipCompany aims t...Reuters
19 minutes ago
EUR/JPY climbs as German inflation slows, Japan's political risks persist
EUR/JPY trades around 183.70 on Friday at the time of writing, up 0.15% on the day. The cross benefits from a still-fragile Japanese Yen (JPY), as investors digest mixed macroeconomic signals from the Eurozone alongside rising political risks in Japan.
Fxstreet
37 minutes ago
FOREX-Yen rises as Japan ponders intervention with US to counter currency weakness
Japanese markets brace for snap election and rates meetingUS economic data pushes out expectations of Fed rate cut ECB chief economist Lane warns of potential shocksBy Joice Alves TOKYO, Jan 16 (Reuters) - The yen rose against the dollar on Friday after Japan's Finance Minister Satsuki Kataya...Reuters
55 minutes ago
GBP/USD returns above 1.3400 as the US Dollar rally loses steam
The Pound is trimming losses against the US Dollar on Friday, with price action returning above 1.3400 ahead of the US session opening, up from Thursday's lows near 1.3360. The pair is on track to end the week practically unchanged after depreciating about 0.7% in the previous two weeks.
Fxstreet
56 minutes ago
Bank of England's Bailey calls on policymakers to challenge the populists
LONDON, Jan 16 (Reuters) - Bank of England Governor Andrew Bailey said financial policymakers had to push back against attempts by populist politicians to discredit them.In remarks published on Friday, Bailey said populism made it harder for global agencies - such as the International Monetary Fund ...Reuters
2 hours ago
Bank of England's Bailey calls on policymakers to challenge the populists
LONDON, Jan 16 (Reuters) - Bank of England Governor Andrew Bailey said financial policymakers had to push back against attempts by populist politicians to discredit them.In remarks published on Friday, Bailey said populism made it harder for global agencies - typically organisations such as the Int...Reuters
3 hours ago
GBP/USD: Chance for GBP to test 1.3355 – UOB Group
There is a chance for GBP to test 1.3355; the next support at 1.3315 is likely out of reach for now. In the longer run, outlook for GBP is negative; it could decline to 1.3355, potentially reaching 1.3315, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.Fxstreet
3 hours ago
USD/JPY extends losses nearing 158.00 amid intervention warnings
The Japanese Yen drops 0.3% on Friday’s European session, trading right above 158.10 at the time of writing. The pair has pulled back from the 159.45 highs seen earlier this week as Japanese authorities escalated their intervention warnings.Fxstreet
3 hours ago
EMERGING MARKETS-EM equities hit record high on receding geopolitical rhetoric, AI optimism
Stocks up 0.5%, FX down 0.1%Poland's 2025 deficit lower than plannedIMF plans $8.1 billion lending program for Ukraine- Georgieva EM equity funds see record inflows of $9.7 bln - J.P.MorganLebanon's international bonds near six-year highsBy Ragini Mathur and Twesha Dikshit Jan 16 (Reuters...Reuters
3 hours ago
FOREX-Yen rises as Japan ponders joint intervention with US to counter yen weakness
Japanese markets brace for snap election and rates meetingUS economic data pushes out expectations of Fed rate cut ECB chief economist Lane warns of potential shocksBy Joice Alves TOKYO, Jan 16 (Reuters) - The yen rose against the dollar on Friday after Japan's Finance Minister Satsuki Kataya...Reuters
3 hours ago
