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3 weeks ago | 
gurutrade.com | Dhara Ranasinghe |Amanda Cooper
LONDON, May 16 (Reuters) - Barclays no longer expects the U.S. economy to slip into a recession later this year and has revised up its growth forecasts, given signs of a de-escalation in U.S.-China trade tensions, the bank said in a note released late Thursday.
Barclays said it now expects the U.S. economy to grow 0.5% this year and 1.6% next year, up from previous forecasts of -0.3% and 1.5%, respectively.
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1 month ago | 
gurutrade.com | Amanda Cooper |Gareth Jones
LONDON, April 24 (Reuters) - The pound rallied against the dollar on Thursday amid growing investor pessimism over the lack of any real progress in de-escalating the trade war between the U.S. and China, the world's two largest economies.
U.S. assets, including the dollar, had jumped on Wednesday following a report that President Donald Trump's administration was considering cutting its 145% levy on Chinese imports.
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2 months ago | 
gurutrade.com | Amanda Cooper |Dhara Ranasinghe
LONDON, April 7 (Reuters) - Money markets on Monday began showing signs of strain following an aggressive selloff engulfing global equities, sending various measures of demand for dollars to their strongest in months.
Three-month cross-currency basis swaps, a derivative that reflects non-U.S. demand for dollars, shot to their strongest level for the euro and the pound since late 2023, while those for the Japanese yen reached their strongest in five months.
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Feb 26, 2025 | 
malaya.com.ph | Alun John |Amanda Cooper |Hannah Lang
BY ALUN JOHN, AMANDA COOPER, HANNAH LANGLONDON- Bitcoin dropped below $90,000 to its lowest since November 18 on Tuesday, as market nerves over US tariffs reinforced the blow to crypto investor confidence from last week’s $1.5 billion hack of ether from the Bybit exchange. Bitcoin, the world’s largest cryptocurrency by market value, was last down 7.25 percent on the day at $87,169.76.
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Feb 25, 2025 | 
gurutrade.com | Alun John |Amanda Cooper
LONDON, Feb 25 (Reuters) - Cryptocurrencies bitcoin and ether dropped to multi-month lows on Tuesday, caught up in a general cross-market sell-off, and as traders continued to process last week's hack of $1.5 billion worth of ether from cryptoexchange Bybit.
Bitcoin, the world's largest cryptocurrency by market value, dropped as much as 6% to $88,245, its lowest since November, and the first time it has fallen below $90,000 since the middle of January.
No 2.
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Feb 13, 2025 | 
gurutrade.com | Greta Rosén Fondahn |Amanda Cooper
Feb 13 (Reuters) - Sterling jumped on Thursday after data showed the British economy unexpectedly grew in the final quarter of last year, offering a brief respite from an otherwise downbeat economic outlook.
The pound rose to $1.25155 against the dollar after the data, its highest in over a week. It was last up 0.42% at $1.24975.
Britain's economy grew by 0.1% in the fourth quarter, figures from the Office for National Statistics showed.
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Feb 3, 2025 | 
gurutrade.com | Greta Rosén Fondahn |Amanda Cooper |Angus MacSwan
Feb 3 (Reuters) - Sterling slid against the dollar but rose against the euro on Monday as the greenback rallied after the U.S. imposed tariffs on Canada, Mexico and China, while comments from President Donald Trump fuelled hopes Britain may be able to avoid levies.
The pound slid 0.66% against the dollar to $1.23135 , but was up nearly 0.5% against the euro at 83.225 pence.
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Jan 22, 2025 | 
gurutrade.com | Greta Rosén Fondahn |Amanda Cooper |Kirsten Donovan
Jan 22 (Reuters) - The pound rose for a third day to hit a two-week high against the dollar on Wednesday, as a lack of clarity on U.S. President Donald Trump's tariff plans kept a lid on the greenback.
Sterling was last up 0.1% at $1.2376, its highest since Jan. 8 .
The pound initially fell more than 0.3% in early trading, as data showing that Britain borrowed more than expected in December weighed.
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Jan 15, 2025 | 
gurutrade.com | Alun John |Amanda Cooper |Angus MacSwan
LONDON, Jan 15 (Reuters) - The pound held steady on both the dollar and euro on Wednesday as the relief investors felt from a cooler-than-expected inflation print that sparked a rally in gilts outweighed the traditional relationship between the currency and yields.
The pound was choppy, but was last around flat on the day at $1.2209 as investors digested data that showed British inflation unexpectedly slowed last month to 2.5% year on year.
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Jan 9, 2025 | 
gurutrade.com | Samuel Indyk |Amanda Cooper
LONDON, Jan 9 (Reuters) - Shares in major British retailers fell on Thursday after trading updates covering the Christmas period mostly failed to live up to expectations, against a backdrop of turmoil in the UK bond and currency markets.
Shares in Marks & Spencer fell over 6%, their biggest daily drop since March 2023, while Tesco fell 2% and rival Sainsbury dropped 1.8%.
