Page 3 - May Fed News Today

The GBP/USD was virtually unchanged in the mid-North American session on Friday after data from the United States (US) was released.

The Pound Sterling gathered further strength against the United States Dollar (USD) this week, as GBP/USD renewed a two-month high just shy of the 1.2600 level.

However, rate cuts this year are far from a given, PM says

The longer it takes, the more Wall Street worries. Dow down -255. (Available for non-subscribers after 10am)

Gold prices edged up on Thursday, as investors awaited developments in the drawn-out debt ceiling negotiations in Washington, with gains in bullion capped by the US dollar rising to an over two-month high. Spot gold rose 0.2% to $1 961.55 per ounce by 09:47 GMT. US gold futures were steady at $1 964.10.

No ceiling progress, some exhaustion in the tech rally and a new covid wave in China. Dow down -231. (Available for non-subscribers after 10am)

The Indian rupee, having opened slightly weaker, crawled up on Wednesday, supported by dollar inflows and recovery on the Chinese yuan, traders said.

MUMBAI, May 24 (Reuters) - The Indian rupee, having opened slightly weaker, crawled up on Wednesday, supported by dollar inflows and recovery on the Chinese yuan, traders said. The rupee was last at 82.70 to the... | 01:39am

The rupee was last at 82.70 to the U.S. dollar compared with 82.80

The rupee closed at 82.66 versus the U.S. dollar compared with 82.80 in the previous session