Currency Markets

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Sep 28, 2022

Bank of England to buy UK bonds to avert financial risk

The Bank of England has moved to halt a slide in British government bonds that posed a “material risk to U.K. financial stability” after political leaders’ plans to slash taxes and increase borrowing spooked investors and sent the pound tumbling

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Sep 28, 2022

World shares sharply lower after wobbly day on Wall Street

World shares have tumbled after a wobbly day on Wall Street as markets churn over the prospect of a possible recession

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Sep 28, 2022

IMF urges UK to "re-evaluate" tax cuts on inflation concerns

The International Monetary Fund has urged the U.K. government to “reevaluate” a package of unfunded tax cuts that it says may fuel inflation and are likely to increase economic inequality

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Sep 26, 2022

Bank of England fails to reassure markets after pound plunge

The Bank of England has sought to reassure financial markets after the British pound touched an all-time low against the U.S. dollar, but its entreaty has fallen flat for investors concerned about the government's sweeping package of tax cuts

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Sep 26, 2022

British pound plunges to new low as tax cuts spark concern

The British pound has fallen to an all-time low against the U.S. dollar after the government pledged a sweeping package of tax cuts that have fueled concerns about its economic policy

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Sep 26, 2022

The British pound has taken a tumble. What's the impact?

The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low

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Sep 26, 2022

British pound plummets to new lows against US dollar

The British pound fell to an all-time low against the U.S. dollar after Treasury chief Kwasi Kwarteng pledged further tax cuts, fueling concerns about the government’s economic policy

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Japan central bank acts to stem yen's decline against dollar

Sep 22, 2022

Japan's central bank has intervened to stem the yen's decline against the U.S. dollar

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Sep 22, 2022

Global stocks fall after Fed steps up inflation fight

Global stock markets are lower after the Federal Reserve delivered another big interest rate hike to cool galloping inflation and raised its outlook for more increases

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Sep 22, 2022

Bank of England pressed to follow US Fed with big rate hike

Britain’s central bank is under pressure to make another big interest rate hike Thursday

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