News & Analytic Centre

Sterling Rebounds on Strong Retail Sales, PMIs

LONDON, April 23 Reuters Sterling rebounded on Friday from a sharp fall on Thursday after strong retail sales data and business surveys showed Britains economy might already be recovering from its worst annual contraction in 300 years. British retail sales rocketed last month as consumers prepared for a partial lifting of coronavirus lockdown restrictions, according […]
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Rehabilitating Macro Hedge Funds Mike Dolan

The author is editoratlarge for finance and markets at Reuters News. Any views expressed here are his own LONDON, April 23 Reuters For all the bad press, muchmaligned hedge funds have had their best start to the year in decades, while mixed stock and bond funds flattered to deceive and even macro hedge funds are […]
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Biden Tax Proposal triggers RiskOff Sentiment

Rates as of 0500 GMT Market Recap Not much movement in the FX world overnight. EUR was particularly quiet, given that there was a European Central Bank meeting yesterday you wouldnt know it by looking at the rates. Thats because the policy statement following the meeting was largely unchanged and the press conference waswell, just […]
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Economy to Stage Vigorous Recovery; Jobs Growth to Lag

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 economists. That optimism was largely led by the widely expected vaccinedriven recovery, massive liquidity injections, unprecedented fiscal support primarily by the […]
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Strong UK Sales Data Halted GBP Decline

The GBP has halted its decline against the dollar on strong retail sales data for March. The Office for National Statistics reported a 5.4 mm rise in sales last month and a 7.2 rise on the same month a year earlier. Stronger than expected 1.5 growth was forecast, they indicate that the UK is returning […]
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New Covid Variant Shows Signs of Antibody Resistance

Scientists at Texas AM Universitys Global Health Research Complex say theyve detected a new Covid19 variant that shows signs of a more contagious strain that causes more severe illness and appears to be resistant to antibodies. The new variant, BV1, named after its Brazos Valley origin, was found during Texas AMs routine coronavirus screening via […]
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