Fightback pushes sterling above $1.11: Pound rebounds from record low
The pound has gained around 7pc against the dollar since crashing to a record low below $1.04 on Monday. It was up against the euro, above €1.13.
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The pound has gained around 7pc against the dollar since crashing to a record low below $1.04 on Monday. It was up against the euro, above €1.13.
Asian stocks rose in a choppy session on Thursday as a bit of nervous tension over Nancy Pelosi's visit to Taiwan dissipated and as investors took cues from robust US data and earnings.
By Tom Westbrook
Investors on Friday increased their bet that central banks would reign in inflation, sending stocks and bonds on their way to their first weekly gains in a month, but growth concerns hurt commodities.
Global stocks and bonds headed for their first weekly gain in a month on Friday (June 24), with growth concerns tempered by hopes that sliding commodity prices can help brake runaway inflation.