Pound

According to Bloomberg data, the rupee has weakened by 13.6 percent against the Euro, 9.3 percent against the Pound, and 8.4 percent against the Yen. In contrast, it has declined only 2.73 percent against the US dollar year-to-date.

Dollar down 10% in first half of 2025, biggest fall since early 1970s

The dollar index, which measures the US currency against six others, slipped to 96.688, its lowest since February 2022

Euro and pound rise against dollar as ‘Trumpcession’ fears grow

The dollar has erased its post-election gains as market concerns over US tariffs and recession risks intensify.

UK market selloff deepens with Pound falling to lowest in year

The pound dropped to a more than one-year low, stocks fell and gilts extended a fourth day of losses on concern the Labour government will struggle to keep the deficit in check as borrowing costs surge

BOE gilt sales are a multibillion-pound mistake

State assets haven’t been disposed like this since then-Chancellor of the Exchequer Gordon Brown liquidated over half of the UK's gold holdings at $275 per troy ounce

US dollar struggles, pound hits one-year high

The dollar index, which measures the currency against six rivals, was down 0.1% in late morning trading at 101.21, a better showing than the one-year low of 100.78 reached last month.

Dollar slips after upbeat China data; euro, pound rise

Separate data on March activity in China also showed retail sales growth quickened to 10.6%, beating expectations and hitting a near two-year high, while factory output growth also sped up but was just below expectations.

Egyptian pound sees largest single-day fall since IMF deal

The pound fell from around 24.7 for $1 to just over 26.3 against the dollar, less than two weeks after Egypt and the IMF formally ratified the support package

Britain's booming film industry has a growth lesson for Rishi Sunak

It’s part of a broader boom across Britain’s film industry that provides both a lesson and a warning for Prime Minister Rishi Sunak’s government on how to stimulate growth

Dollar rallies as Fed signals more rate hikes; pound drops

The Fed on Wednesday raised its benchmark funds rate by 75 basis points (bps) to 3.75-4% as widely expected.

Sunak faces dose of reality as economic and political woes mount

The new premier’s economic policy is set to face scrutiny as the Bank of England delivers what could be its biggest interest-rate hike in more than 30 years, and the government looks to fill the multi-billion hole in the nation’s finances

World stocks slip from 5-week peak as dollar continues retreat

The Dow Jones Industrial Average closed a hair higher, rising 0.01 percent. The S&P 500 lost 0.74 percent and the Nasdaq Composite dropped 2.04 percent, dragged by disappointing earnings and warnings from Microsoft Corp and Alphabet Inc

New PM Rishi Sunak pledges to lead Britain out of economic crisis

Sunak said difficult decisions lay ahead as he looks to cut public spending. Hunt, who Truss appointed to calm markets roiled by her dash for growth, has been preparing a new budget alongside borrowing and growth forecasts due out on Monday, and repeated his warning on Tuesday that "it is going to be tough"

Stocks, pound up as Rishi Sunak poised to become new British Prime Minister

European markets closed in positive territory, despite data showing Britain and Germany heading for recession and the Hong Kong stock market plunging

Pound, London stocks climb after UK PM Liz Truss' resignation

The pound briefly surged more than one percent against the dollar to $1.1336 after Truss ended six tumultuous weeks in power -- but analysts said gains were pared by the ongoing uncertainty.

Pound slides amid UK political drama

Truss sacked finance minister Kwasi Kwarteng as pressure mounted on her government following last month's big-spending, tax-slashing mini-budget, which spooked markets.

Pound jumps on UK tax cut reversal, oil swings higher

Asian stocks mostly fell in holiday-thinned trade although Japanese markets found support on strong energy and semiconductor shares.

UK's Liz Truss defends economic plan that sent pound tumbling

In her first public comments since the government’s announcement of billions in uncosted tax cuts roiled markets and drove the pound to record lows, Truss said Britain was facing “very, very difficult economic times.”

Pound stabilises but turmoil continues for UK economy

The instability began to have real-world impacts, with several British mortgage lenders withdrawing deals amid concern that interest rates may soon rise sharply.

Pound under siege with mounting bets it will drop below $1

After the pound tumbled as low as $1.0350 Monday, the weakest on record, options markets show traders expect it to keep falling.

Reactions: Britain's pound crumbles to record lows in firesale of UK assets

On Friday, finance minister Kwasi Kwarteng announced he was scrapping the country's top rate of income tax and cancelled a planned rise in corporate taxes - all on top of a hugely expensive plan to subsidise energy bills for households and businesses.

Plunging pound pauses as investors await policy response

On Friday and again on Monday the pound plunged, finding a record low of $1.0327 as investors question Britain's economic gambit of unfunded tax cuts to spur growth.

Bank of England says it's monitoring drop in pound, won't hesitate to change interest rates

The British pound fell to all-time low against the US dollar early Monday after Treasury chief Kwasi Kwarteng pledged a sweeping package of tax cuts.

Tax cut plans pull British pound to 4 decade lows

The pound dipped as low as $1.0349 per US dollar early Monday but then rebounded to $1.0671, down 2.3%.

The strong dollar is about to pay some dividends

The UK’s plan to ignite growth with tax cuts and borrowings has knocked down the pound and sparked fears of capital flight.