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As expected, the Bank of England raised its key rate by 50 basis points to 1.75 percent from 1.25 percent. Following the decision, the pound weakened against its major counterparts. The pound was trading at 162.95 against the yen, 1.2134 against the greenback, 0.8391 against the euro and 1.1642 against...

The Bank of England's monetary policy announcement is due at 7:00 am ET Thursday. The BoE is widely expected to raise its key rate by 50 basis points to 1.75 percent from 1.25 percent. Ahead of the decision, the pound traded mixed against its major counterparts. While it held steady against the franc,...

stock oct28 04aug22 Markets remained firm despite worries of a large rate hike by the ECB in its August meeting. Easing geopolitical tensions also helped shore up the sentiment. Oil prices recovered after touching a multi-month low on demand concerns.

The Japanese yen fell against its major counterparts in the New York session on Wednesday, as recession concerns receded following strong U.S. services sector activity for July. Data from the Institute for Supply Management showed an unexpected acceleration in the pace of growth in U.S. services sector...

The U.S. dollar climbed against its major counterparts in the New York session on Wednesday, as U.S. treasury yields rose in the wake of comments from Fed officials suggesting the possibility of further aggressive interest rate hikes to control inflation. The benchmark yield on the 10-year note moved...

stock may13 03aug22 Market sentiment oscillated between the optimism generated by corporate earnings and the negative sentiment triggered by the rising geopolitical tensions, following the visit of a high-ranking U.S. official to Taiwan, which China claims as its territory.

stock feb17 02aug22 Rising geopolitical tensions between U.S. and China impacted stock markets worldwide, dragging down benchmarks in Asia, Europe as well as at Wall Street. Concerns surrounding economic growth too dampened market sentiment.

The Reserve Bank of Australia raised cash rate by 50 basis points to 1.85 percent, as expected. Following the announcement, the aussie fell against its major rivals. The aussie was worth 1.4678 against the euro, 1.1056 against the kiwi, 91.53 against the yen and 0.6996 against the greenback around 12:35 am ET.

The U.S. dollar was lower against its major counterparts in the European session on Monday, on hopes that the Federal Reserve is likely to be less aggressive on rate hikes in the future. Recent weak economic data prompted investors to dial back expectations for a more aggressive policy tightening...

The pound advanced against its major counterparts in the European session on Monday, as European shares advanced following strong corporate results and investors awaited a rate hike from the Bank of England later this week. HSBC Holdings reported that its second-quarter earnings climbed from last...

stock may05 01aug22 World markets rallied as upbeat corporate earnings data helped revive market sentiment. Expectations that the Fed may slow down its interest rate hikes added to the positive sentiment. Crude prices however dropped ahead of the OPEC+ meeting later in the week.

The Indian rupee advanced against the U.S. dollar in afternoon deals on Monday, as the latter fell across the board and oil prices dropped after weak China data. oil prices fell as weak manufacturing data from China and Japan fuelled concerns about the demand outlook. The dollar weakened on expectations...

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