Israel Warns Civilians to Evacuate as Airstrikes Pound Hezbollah in Lebanon
Israeli warplanes struck more than 300 Hezbollah positions in southern Lebanon on Monday, leading Israel to warn civilians to evacuate the area as more intense attacks were imminent. Lebanese authorities said the attack killed at least 182 people, including “children, women and emergency workers,” and injured more than 700. The Israel Defense Forces say Hezbollah […]
Bank of England holds interest rates, British pound rallies to more than two-year high – CNBC
Commuters cycle past the Bank of England (BOE) building, left, in London, England, Monday, Sept. 16, 2024. The central bank's Monetary Policy Committee interest rate decision is due to be announced on Sept. 19. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England said on Thursday it would keep interest rates on […]
Pound Sterling jumps to near 1.3150 as Fed large rate cut bets soar – FXStreet
The pound rose to nearly 1.3150 against the US dollar as traders strengthened their bet that the Fed will cut interest rates by 50 basis points when it meets next week. The slowdown in the U.S. Producer Price Index (PPI) for August has led to expectations of a big rate cut from the Fed. Investors […]
Pound Sterling surges on robust expansion in UK flash PMI – FXStreet
The pound continues to trend higher against the US dollar following strong UK flash PMI data for August. The UK’s composite PMI expanded at a strong pace to 53.4. The main event this week will be speeches from Chairman Powell and Chairman Bailey in Jackson Hole. The British Pound (GBP) surged to nearly 1.3130 against […]
Stocks Rise Ahead of US CPI Data; Pound Weakens: Markets Wrap – Yahoo Finance
(Bloomberg) — U.S. stock futures were in a tight range ahead of the release of a consumer price index that could decide whether the Federal Reserve should start cutting interest rates next month. Most read articles on Bloomberg Europe’s Stoxx 600 index rose 0.4%, lifted after UBS Group AG reported better-than-expected second-quarter profit. Mining shares […]
Pound Sterling posts fresh weekly high on lower UK jobless rate and soft US PPI – FXStreet
The pound surged against the US dollar on strong UK employment figures and a weak US producer price index. The UK unemployment rate unexpectedly fell to 4.2% and average incomes rose more than expected. Investors are awaiting UK and US inflation data for July, due on Wednesday. During North American trading hours on Tuesday, the […]
Hurricane Debby makes landfall in Florida; expected to pound Southeast
Hurricane Debbie made landfall in Florida’s Big Bend at 7 a.m. ET on Monday, according to the National Hurricane Center (NHC). The storm reached maximum sustained winds of about 80 mph, making it a Category 1 hurricane. According to the NHC, the hurricane was moving in a north/northeast direction at 10 mph and made landfall […]
Pound hovers near one-year high; Japan’s SoftBank buys UK chipmaker Graphcore – business live | Business
Important Events Daniella Sabin HathornSenior Market Analyst at an Investment Firm Capital.comSaid: The British pound has maintained a bullish trend since the start of the preparations for the UK elections. The fact that the elections seemed easy and straightforward has given investors confidence in British assets, especially at a time of considerable political uncertainty around […]