Shares in Britain’s biggest companies reached record levels on Friday as a slump in the pound boosted the value of firms with overseas earnings.
The dollar stomped emerging market currencies down further on Friday, and that's not going to end anytime soon, analysts said.
Sterling hovered near a three-week high against the dollar this morning, after receiving a boost from strong economic data which showed investment was moving in the right direction.
Bitcoin was the world’s best-performing currency in 2015, beating out the US dollar by nearly 40 per cent.
The price of crude oil could tumble to $20 a barrel in the coming months if China’s currency continues to decline against the US dollar, one of Wall Street’s leading investment banks has predicted.
The phrase “currency war” speaks to a seemingly phoney battle between the world’s major trading powers over the price of exports.
Interest rates in the US have been close to zero since the depths of the financial crisis but global investors are braced for change, as the country’s central bank prepares to raise borrowing costs.