Stay updated with breaking news from Mark Dowding. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Sam Goldfarb and Joanne Chiu The yield on the benchmark 10-year U.S. Treasury note rose above 1% for the first time since March on Wednesday, reflecting increased bets on additional fiscal...
By Sam Goldfarb and Joanne Chiu The yield on the benchmark 10-year U.S. Treasury note rose above 1% for the first time since March, after returns from Georgia's closely watched runoff...
Pound Advances as Britain and EU Reach Outline of Brexit Pact Bloomberg 12/24/2020 William Shaw, Vassilis Karamanis and James Hirai (Bloomberg) -- A trading deal the City of London has sweated over for almost half a decade looks like it’s finally here -- eliciting a cheer across U.K. assets. With Britain forging the blueprint of a deal with the European Union, the pound rose 0.5% to $1.3562 in Asian trading Thursday after advancing 1% the previous session. The yield on 10-year government bonds jumped as much as 13 basis points to 0.31% on Wednesday, the biggest intra-day i...
Concerns about a new strain of coronavirus in the U.K. drove the British pound to its biggest loss since March, though the currency pared much of the loss after Prime Minister Boris Johnson made another offer to salvage Brexit talks. Sterling tumbled 2.5% to as low as $1.3188 before recovering most of that in New York afternoon, down only 0.4% to $1.3475 as of 3:25 p.m. Investors were spooked earlier as another Brexit deadline went past without results and Britain’s biggest port in Dover stopped all traffic heading to the continent, threatening the U.K.’s supply chains with Europe. The ...
Pound Whipsawed by Virus Concerns, Relief on Brexit-Talks Offer Bloomberg 12/21/2020 Michael G. Wilson, Jill Ward and William Shaw (Bloomberg) -- The British pound slumped the most since March on concerns about a new strain of coronavirus in the U.K., then pared much of the decline as Prime Minister Boris Johnson made another offer to salvage Brexit talks. Popular Searches Sterling tumbled as much as 2.5% to $1.3188 before recovering most of that in New York afternoon, down only 0.4% to $1.3475 as of 3:25 p.m. Investors were spooked earlier as another Brexit deadline went pa...