Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households paused activity to try to prevent the spread of the coronavirus. Sterling was last down 1.5% at $1.2205, having fallen earlier to its weakest level since Tuesday at $1.2243. Against the euro, it fell 0.8% to 88.32 pence. Kit Juckes, macro strategist at Societe Generale, said the decline in the pound on Friday was exacerbated by low market liquidity for the currency as those traders still working have concentrated their attention...

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Oil prices rebounded on Friday in Asia after falling overnight amid more evidence of the coronavirus' devastating impact on the U.S. economy. The U.S. Crude Oil WTI Futures rose 1.7% to $22.98 by 11:59 PM ET (03:59 GMT), after losing more than 7% earlier in the day. International Brent Oil Futures gained 0.9%, recovering slightly from the 8% losses overnight. Both contracts are down about 60%...

Gold eased on Friday as some investors booked profits after prices hit a two-week high in the last session amid hopes for further stimulus to curb the coronavirus economic toll, but the metal was headed for its best weekly gain in more than 11 years. Spot gold slipped 0.5% to $1,621.07 per ounce by 0035 GMT, having risen to its highest since March 12 on Thursday. The metal was up 8.2% for...

Oil prices rose on Friday after world leaders promised a massive injection of funds to limit the economic fallout from the coronavirus pandemic, despite fears the outbreak will destroy demand for oil. After tumbling for the past four weeks, Brent crude was up 50 cents, or nearly 2%, at $26.84 a barrel by 0116 GMT, and on track to end the week steady or only slightly lower. U.S. crude was up 60...

The dollar is on track for its biggest weekly fall in more than a decade on Friday as a series of stimulus steps around the world, including a $2.2 trillion U.S. package, calmed a panic over a global recession following the coronavirus outbreak. Data showing an unprecedented rise in U.S. jobless claims underscored the virus' devastating impact on the economy, but subsequent rise in Wall Street...

Oil prices fell on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity. West Texas Intermediate (WTI) crude futures slipped 7.7%, or $1.89, to settle at $22.60 per barrel, while Brent crude futures fell $1.01, or 3.69%, to trade at...

Gold futures finished higher on Thursday, as record weekly U.S. jobless claims pressured the dollar. Nearly 3.3 million Americans filed for unemployment benefits last week, "reflecting how badly the coronavirus is impacting the largest economy in the world," said Lukman Otunuga, senior market analyst at FXTM. "Gold is expected to ride higher on dollar weakness and fears over a global...

Gold prices attempted to snap a two-day skid Thursday morning, as investors watch for economic reports that could help provide insights about the impact of the coronavirus outbreak in the world's largest economy, the U.S. Investors were keying on a report on jobless claims due at 8:30 a.m. Eastern Time, which may show their highest weekly rise on record, reflecting a swath of business closures...

Oil prices fell on Thursday, ending three sessions of gains, as movement restrictions worldwide to contain the coronavirus destroyed demand and overshadowed expectations that a U.S. $2 trillion emergency stimulus will bolster economic activity. Brent crude futures fell $1.04, or 3.75%, to $26.35 a barrel by 08:34 GMT. West Texas Intermediate (WTI) crude futures fell 94 cents, or 3.8%, to $23.55...

PRECIOUS METALS
Gold Bounces Around As Investors Key In On Friday Jobs Report
Friday, 3 April 2020 20:04 WIB Gold futures on Friday swung between small gains and losses as investors watched for a report on the labor market in March, which may offer some...
ENERGY
Oil futures pare record gains as doubts creep in on Trump's Saudi-Russia output deal
Friday, 3 April 2020 09:15 WIB Oil prices fell on Friday, coming off their biggest one-day gains in the previous session after U.S. President Donald Trump said he had brokered a...
CURRENCIES
Sterling Drops as British Firms Suffer Record Slump
Friday, 3 April 2020 23:26 WIB Sterling sank on Friday after data showed a record slump among Britain's services and manufacturing firms in late March as businesses and households...

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