The British pound's sudden plunge on Friday rattled markets, and will remain a big focus in the week ahead in Europe, according to Antonia Oprita, senior editor and columnist with Real Money. "We're beginning to see comments regarding an increase in inflation that could be caused by this continued weakness of the pound," said Oprita.
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Most risk assets slid to 2013 lows with sentiment rattled by overnight market talk of a hedge fund liquidating big positions. ||| Tokyo - Most risk assets slid to 2013 lows on Thursday with sentiment rattled by overnight market talk...
Check it out. The market is now guessing we'll see more QE after that bad UK Q1 GDP report. The pound tanked instantly against the dollar. Please follow Money Game on Twitter and Facebook. Join the conversation about this story »
SEOUL (Reuters) - U.S. crude futures inched up early on Friday but remained near 12-year lows as financial market unrest in China rattled investors already concerned about a world glut in oil. U.S. crude West Texas Intermediate (WTI...
The British pound briefly fell to a new 31-year low Friday plunging 6.1% in early Asian trading to a 31-year low against the dollar before recovering. During London hours, it fell 2%.