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Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updatesThe Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about s…
Currency sold off due to concerns economic policies threaten safe-haven role of US dollar-denominated assetsThe US dollar has had its worst first half-year in more than 50 years, as the financial markets over the last six months were dominated by geopo…
US president has clashed with incumbent Jerome Powell, whose term is due to run for 11 more monthsBusiness live – latest updatesThe dollar has fallen to a three-year low following a report that Donald Trump is considering bringing forward the announcem…
Concerns raised that section 899 could backfire and also undermine dollar’s safe haven statusForeign investment into the US could be threatened by Donald Trump’s new “revenge” taxes, analysts have warned.A provision within the president’s One Big Beaut…
Investors turn away from weakening US economy and erratic policy after Trump repeats tariff threatsThe dollar sank to its lowest level in more than three years on Thursday and the FTSE 100 closed at a record high as Donald Trump’s latest trade threats …
Manufacturing survey signals third monthly decline in output in a row amid uncertainty over tariffsUS manufacturers have warned that Donald Trump’s trade war is hitting production, pushing the dollar close to a three-year low against sterling on Monday…
Loss of Moody’s triple-A rating comes amid concerns about fiscal trajectory and widening budget deficitUS government debt may come under more pressure this week after the credit rating agency Moody’s stripped the US of its top-notch triple-A credit rat…
Dollar also recovers after Monday’s sell-off prompted by Donald Trump’s attack on Federal Reserve chair Gold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday’s sell-off prompted by Do…
US currency has lost all the gains it enjoyed since Trump won election and hits lowest level since mid-OctoberBusiness live – latest updatesThe euro and the pound have risen against the dollar to their highest level since the week of the US election, a…
Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollarBusiness live – latest updatesNo sooner had historic 25% tariffs on imports to the US from Canada and Mexico come into force on Tuesday than the commerce…