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Sterling heads for worst weekly performance since January - REUTERS

NOVEMBER 15, 2024

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LONDON, Nov 15 (Reuters) - The pound headed for its biggest weekly loss since January on Friday, under pressure from weak UK economic data and a surging dollar that is getting a lift from investors' conviction that Donald Trump's policies will drive up U.S. growth and inflation. Britain's economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed on Friday. Sterling was unchanged on the day at $1.26795, around its lowest since May and set for a 2% decline this week, its largest weekly loss since January.

MARKET NEWS

November 21 UK factories see signs of recovery in output, CBI says - REUTERS November 21 UK’s FCA Weighs Giving Banks More Time for Car-Loan Complaints - BLOOMBERG November 21 Higher UK borrowing shows scale of task facing Reeves - REUTERS November 20 UK Gas Sees Biggest Premium Over European Benchmark Since 2021 - BLOOMBERG November 20 UK inflation jumps to 2.3%, underscoring BoE's stance for gradual rate cuts - REUTERS November 20 UK Inflation Uptick Bolsters Bank of England Caution on Rates - BLOOMBERG November 19 BoE's Taylor says 4 rate cuts by end of 2025 would be gradual - REUTERS November 19 UK Home-Sellers Offer Large Discounts After Budget Disappoints - BLOOMBERG November 18 UK must 'rebuild relations' with EU post-Brexit, says Bank of England's Bailey - YAHOO FINANCE November 18 UK Inflation Hiccup May Buttress Case for BOE Caution - BLOOMBERG November 15 Pound Erases This Year’s Advance as Dollar Rally Gains Momentum - BLOOMBERG November 15 UK economy ekes out 0.1% growth in the third quarter, below expectations - CNBC November 15 Sterling heads for worst weekly performance since January - REUTERS November 13 UK watchdog urges Supreme Court to act as $21 billion motor finance scandal looms - REUTERS November 13 BOE’s Mann Says Policymakers Can Afford to Wait on Rate Cuts - BLOOMBERG November 13 Bank of England's Mann sees upward inflation risks - REUTERS November 13 BOE’s Pill Warns Job Not Done as UK Wage Growth Stays Elevated - BLOOMBERG November 13 UK Scrutinizes How Private Credit Lenders Value Their Holdings - BLOOMBERG November 13 UK Nears Free Trade Agreement With Gulf Countries Including Saudi Arabia - BLOOMBERG November 10 BOE Says Unwind of Trade That Rocked Gilt Market Likely Over - BLOOMBERG November 07 Bank of England cuts rates but sees higher inflation after Reeves' budget - REUTERS November 07 Pound, UK stocks get a lift from BoE 'sugar rush' - REUTERS November 05 UK Bond Auction Falters as Risks from Budget, US Election Bite - BLOOMBERG November 04 University tuition fees to increase in England for first time in eight years - SKY NEWS November 01 UK house prices edge up in October, Nationwide says - REUTERS October 31 UK’s Labour government raises taxes by £40 billion in new budget plan - BLOOMBERG October 31 UK Bond Selloff Deepens as Reeves’ Budget Worries Investors - BLOOMBERG October 30 UK's new finance minister Reeves lines up tax hikes and borrowing in first budget - REUTERS October 30 Sterling falls ahead of UK budget, while volatility gauge jumps - REUTERS October 29 UK mortgage approvals hit highest since before 2022 'mini-budget' - REUTERS

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