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FX options wrap - Risk dilemma, March BoJ, EUR/USD put, CNH low

BUZZ-FX options wrap - Risk dilemma, March BoJ, EUR/USD put, CNH low FX option implied volatility continues to probe ever new 2-year lows amid a lack of actual and expected FX realised volatility. This low FX volatility environment looks set to persist until there are signs of potential policy divergence . While impending data like Friday's U.S. NFP may offer some clues, traders face a dilemma .
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Sterling ticks up, traders look ahead to Wednesday's budget

Sterling ticks up, traders look ahead to Wednesday's budget LONDON, March 4 (Reuters) - The pound rose against the dollar on Monday and was steady on the euro at the start of a busy week for markets in which the main event in Britain is Wednesday's budget. Sterling was last up 0.2% against the dollar at $1.2681 GBP=D3 as a broad positive tone across markets caused a weakening in the greenback.
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Sterling holds steady after slipping in February

Sterling holds steady after slipping in February By Harry Robertson LONDON, March 1 (Reuters) - The pound held steady on Friday, refusing to be swayed by upbeat data on the housing market, with the focus remaining solely on inflation and Bank of England interest rates. Sterling GBP=D3 was last up 0.08% at $1.2634, after falling 0.8% in February. The euro was also little changed against the pound EURGBP=D3 at 85.59 pence.
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Bitcoin barrels to best month since 2020, Wall Street points higher after PCE

GLOBAL MARKETS-Bitcoin barrels to best month since 2020, Wall Street points higher after PCE Graphic: World FX rates http://tmsnrt.rs/2egbfVh Buoyant markets stride on as U.S. inflation prints as expected Stocks stick near record highs Bitcoin climbs and has enjoyed near 50% leap this month By Marc Jones LONDON, Feb 29 (Reuters) - World stocks were near record highs on Thursday amid a monthly round of European and U.S.
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Sterling set for monthly decline on dollar and euro

Sterling set for monthly decline on dollar and euro LONDON, Feb 29 (Reuters) - The pound was set for a small monthly decline against both the dollar and the euro on Thursday, on a busy day for inflation data elsewhere in the world, while investors in Britain's focus began turning to next week's budget. Sterling was last down 0.06% against the dollar at $1.2654 and heading for a monthly decline of 0.26%.
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Sterling rise runs out of steam on cautious risk picture

Sterling rise runs out of steam on cautious risk picture By Samuel Indyk LONDON, Feb 28 (Reuters) - The British pound slipped against the stronger dollar, its first daily drop against the U.S. currency in seven trading days, with investors avoiding risks before key inflation data that could determine when central banks begin easing policy. Thursday brings the release of the U.S.
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Sterling little changed ahead of US economic data

Sterling little changed ahead of US economic data By Stefano Rebaudo Sept 8 (Reuters) - The pound was little changed against the dollar after five straight daily gains, but volatility was low as markets awaited U.S. economic data later in the session, which could affect expectations for the Federal Reserve policy path. Investors were still focused on market pricing for future rate cuts after the pound recorded its biggest one-week gain in 2024 versus the greenback last week.
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Sterling heads for longest streak of daily gains of 2024

Sterling heads for longest streak of daily gains of 2024 By Amanda Cooper LONDON, Feb 26 (Reuters) - The pound edged up against the dollar on Monday, heading for a fifth straight daily gain, its longest unbroken streak so far this year, but volatility was subdued, as investors took a breather from a spate of influential economic data and earnings.
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Sterling set for first weekly rise vs dollar since mid-January

CORRECTED-Sterling set for first weekly rise vs dollar since mid-January In Feb 23 sterling report, corrects paragraph 4 to say .. Ballinger Group ..not.. Bellinger Group By Stefano Rebaudo Feb 23 (Reuters) - Sterling was on track for its first weekly rise versus the dollar since mid-January on increasing risk appetite and some solid British economic data.
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Sterling rises, PMI data stronger than expected, inflation pressures elevated

Sterling rises, PMI data stronger than expected, inflation pressures elevated LONDON, Feb 22 (Reuters) - Sterling rose against the dollar on Thursday, joining with gains by most other currencies as data from a British business activity survey came in stronger than expected and showed robust growth for services firms. The pound GBP=D3 rose as much as 0.57% to $1.271, its highest since Feb 2 when markets were given a jolt by stronger than expected U.S.
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Sterling steadies after Britain's record January budget surplus

Sterling steadies after Britain's record January budget surplus By Joice Alves LONDON, Feb 21 (Reuters) - Sterling steadied on Wednesday shrugging off Britain's highest ever monthly budget surplus in January ahead of finance minister Jeremy Hunt's annual budget in March. Britain ran a budget surplus of 16.7 billion pounds ($21.1 billion) in January, due to record seasonal tax inflows.
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Dollar tracks global yields lower as Fed minutes awaited

FOREX-Dollar tracks global yields lower as Fed minutes awaited Updates prices at 0600 GMT By Rae Wee SINGAPORE, Feb 21 (Reuters) - The dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while traders awaited minutes of the Federal Reserve's latest policy meeting due later in the day for further clues on the central bank's rate outlook.
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Dollar tracks global yields lower; sterling heavy

FOREX-Dollar tracks global yields lower; sterling heavy By Rae Wee SINGAPORE, Feb 21 (Reuters) - The dollar fell broadly on Wednesday as it tracked a global decline in bond yields, while sterling struggled to retain gains following dovish comments from Bank of England (BoE) Governor Andrew Bailey on the central bank's rate outlook. The greenback slipped below 150 yen JPY=EBS in early Asia trade and last bought 149.93 yen, giving the Japanese currency some breathing space having been pinned near
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U.S. FX Markets Open - February 20

RPT-U.S. FX Markets Open - February 20 Repeats without any change to text By Publishing Editors Dollar broadly softer in early Europe Market Briefs • EUR/USD 0.26%, USD/JPY 0.03%, GBP/USD 0.12%, EUR/GBP 0.12% • DXY -0.21%, DAX -0.18%, FTSE 0.05%, Brent -0.65%, Gold 0.42% • Rate cut bets not unreasonable but economy is picking up - BoE's Bailey • BoE might cut interest rates this year, Broadbent says • Goldman Sachs pushes back BoE rate-cut forecast to June • Investors are buying back
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Pound set for longest string of losses vs euro this year

Pound set for longest string of losses vs euro this year LONDON, Feb 20 (Reuters) - The pound headed for its longest stretch of losses against the euro this year on Tuesday after the governor of the Bank of England said inflation did not need to return to target to justify cutting rates. Separately, European Central Bank data showed euro zone wage growth moderated in the fourth quarter from a record high in the third.
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BoE's Bailey 'comfortable' that markets expect rate cuts

UPDATE 3-BoE's Bailey 'comfortable' that markets expect rate cuts BoE head says he's "comfortable" with outlook for rate cuts Bailey also cites strong labour market, signs of upturn Timing and quantity of future rate cuts unknown Sterling falls against euro, gilt yields drop Recasts with Bailey's comments on being comfortable with rate cut positions By David Milliken and Suban Abdulla LONDON, Feb 20 (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday he was comfortable with invest
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Investors are buying back into the pound's pizazz

Investors are buying back into the pound's pizazz By Amanda Cooper LONDON, Feb 20 (Reuters) - The pound is playing catch-up with the dollar as investors beef up their bullish positions, and may get extra oomph from data this week showing British business activity is among the strongest in the developed world. Monthly surveys of business activity this week are expected to show the UK topped the league table in February, well ahead of the euro zone and beating even the United States, which in the
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Sterling inches higher after last week's fall

Sterling inches higher after last week's fall By Harry Robertson LONDON, Feb 19 (Reuters) - The pound edged slightly higher on Monday after falling last week, as investors waited for new impetus from survey data on Thursday. Sterling GBP=D3 was last up 0.12% at $1.2615 after slipping 0.25% last week. U.S. markets are closed for the Presidents' Day holiday, with trading volumes likely to be low throughout the day.
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Sterling blips up after bumper UK retail sales

UPDATE 1-Sterling blips up after bumper UK retail sales Updates with comment, details, graphic; refreshes prices at 0757 GMT By Amanda Cooper LONDON, Feb 16 (Reuters) - The pound briefly flickered higher on Friday after data showed UK retail sales grew at their fastest pace in nearly three years in January, beating expectations, but did little to shift expectations around Bank of England (BoE) monetary policy.
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Sterling blips up after UK retail sales top expectations

Sterling blips up after UK retail sales top expectations LONDON, Feb 16 (Reuters) - The pound bounced on Friday after data showed UK retail sales grew at their fastest pace in nearly three years in January, beating expectations. Retail sales rose at a monthly rate of 3.4% in January, according to the Office for National Statistics, compared with forecasts for an increase of 1.5% in a Reuters poll.
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