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News 2026-10-16 09:54 UTC

Sterling Strengthens to 3-Week High

The British pound climbed to around $1.333 on Friday, its strongest level since September 22, after stronger-than-expected UK economic data reinforced expectations of a possible Bank of England rate increase next month. GDP grew 0.1% in August following July’s 0.4% expansion, beating forecasts of a contraction, while o

News 2026-09-21 19:22 UTC

Yen eases as intervention eyed; dollar gains

The yen weakened 0.38% against the dollar to 157.48 yen, with traders watching for signs of currency intervention after the Bank of Japan offered less hawkish guidance than expected following its rate hike last week. The dollar index rose 0.13% to 100.40.