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Pound sterling ‘flash crash’ fuels bearish calls of more weakness for UK…
It has not been a great week for sterling, with the currency taking a further pounding overnight and diving to a…
Oil prices climb on report of US crude stock draw
Oil prices surged in early trading Wednesday after a report that U.S. fuel inventories may have fallen for a fifth…
Dollar hovers near 2-month high
The dollar hovered near a two-month high against a basket of currencies on Wednesday, lifted by hawkish comments…
Pound sterling falls to fresh 31-year low, briefly trading below $1.27
The pound sterling continued to get punished Wednesday, building on its recent losses that have been sparked by…
Egypt central bank keeps pound stable at Tuesday’s regular dollar sale
Egypt's central bank kept the Egyptian pound stable at 8.78 against the dollar during Tuesday's weekly auction of…
Sterling hits 31-year low, dollar strengthens broadly
Sterling slid to its weakest level in more than three decades against a dollar that was trading stronger across the…
Oil prices fall on surging Iran sales, but looming OPEC deal offers support
Oil prices fell on Tuesday on a rise in Iranian exports which add to a global supply overhang, although a planned…
Egypt seen floating pound within hours: Beltone Financial
The Central Bank of Egypt (CBE) is likely to float the pound “within hours," considering the president's recent…
Yuan joins elite club of IMF’s reserve currencies
China's yuan has joined Saturday the International Monetary Fund's (IMF) basket of reserve currencies in a…
Euro erases losses against dollar on reduced Deutsche Bank concerns
The euro erased on Friday losses against the dollar after hitting a nine-day low on reduced concerns surrounding…