currency

Revised GDP data which reveals the UK economy shrank by less than expected in the second quarter, has failed to buoy sterling so far.

The pound fell to an 11-week low of €1.1461 yesterday despite bullish global equity markets.

The pound has fallen against the dollar and euro today after news the UK's output in the second quarter showed a far less resilient economy than the market predicted.

The pound has risen to $1.70 as it hits a seven month high against the dollar.

The pound has risen to $1.70 as it hits a seven month high against the dollar.

China's central bank is calling for the US dollar to be replaced as the global reserve currency.

VAM Funds has launched a sterling and euro share class for the VAM Driehaus Fund to prevent investors being exposed to currency risk.

Britain has become a worse credit risk than McDonald's and a host of other large companies, figures produced for The Independent reveal.

Seven Investment Management (7IM) is remaining cautious on sterling and taking a contrarian, underweight stance on commodities as it seeks to outperform in difficult markets.

Sterling has sunk to a two-year low against the dollar as traders bet the Bank of England might be the only central bank to cut interest rates in 2008.