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Pound surges after strong labour market data

By Samuel Indyk LONDON, May 17 (Reuters) - The British pound jumped to its highest level since May 5 on Tuesday as strong labour market data reinforced expectations that the Bank of England (BoE) will need to continue raising interest rates to fight high inflation. Britain's unemployment rate fell to its lowest since 1974 in the first three months
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Sterling hits highest since May 5 on strong labour market data

By Samuel Indyk LONDON, May 17 (Reuters) - The British pound rose to its highest level since May 5 on Tuesday as strong labour market data reinforced expectations that the Bank of England (BoE) will need to continue raising interest rates to fight high inflation. Britain's unemployment rate fell to its lowest since 1974 in the first three months of
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Dollar slips from 2-decade highs; yuan falls on weak China data

By Sinéad Carew NEW YORK, May 16 (Reuters) - The U.S. dollar index was lower on Monday after hitting a 20-year peak last week, with the global economy in focus after weak economic data from China highlighted worries about the prospects for a global slowdown. Creating a risk-off mood on Monday, China's retail and factory activity fell sharply in Ap
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Sterling steadies as BoE's Bailey says inflation is 'bad situation'

By Joice Alves LONDON, May 16 (Reuters) - Sterling steadied on Monday after Bank of England Governor Andrew Bailey said the current inflation surge was the central bank's biggest challenge since it gained independence in 1997. In a choppy day, sterling had fallen both against the U.S. dollar and the euro as weak Chinese economic data added pressure
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Dollar slips from 2-decade highs; yuan falls on weak China data

By Sinéad Carew NEW YORK, May 16 (Reuters) - The U.S. dollar was down slightly on Monday after hitting a 20-year peak last week, with the global economy in focus after the Chinese yuan came under pressure following weak data. Creating a risk-off mood on Monday, China's retail and factory activity fell sharply in April as extensive COVID-19 lockdow
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