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FTSE Gains, Pound to Fall Vs Dollar if Fed Accelerates Tapering, BOE Delays Rate Rise

12/06/2021 | 04:12am EST

Pound to Fall Vs Dollar if Fed Accelerates Tapering, BOE Delays Rate Rise

Sterling could weaken against the dollar if the Federal Reserve accelerates its tapering of asset purchases and the Bank of England delays raising interest rates this month, MUFG Bank says. In that case "the timing of the gap between the first Fed and BOE and rate hikes could be a lot shorter than expected and keeps risks tilted to the downside for [GBP/USD] in the near-term," MUFG's Lee Hardman says. Fed policymakers have signalled a faster withdrawal of asset purchases at the December 14-15 meeting despite the emergence of the Omicron coronavirus variant, while BOE policymaker Michael Saunders on Friday said there could be advantages to assessing the variant's impact before raising rates.

 
Companies News: 

Distribution Finance Sees 2021 In Line; Expects Run-Rate Profit in 1Q

Distribution Finance Capital Holdings PLC said Monday that it expects to meet its expectations for the full year and to achieve run-rate profitability in the first quarter of the year.

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Victrex FY 2021 Pretax Profit, Revenue Rose

Victrex PLC said Monday that pretax profit and revenue increased for fiscal 2021 as sales volumes rose 25% thanks to improving end markets.

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GCP Student Living Takeover By Scape Living Won't Be Probed Further by UK Regulator

A U.K. regulator said Monday that it has decided not to refer the acquisition of elements of GCP Student Living PLC by Scape Living PLC and iQSA Holdco PLC for a phase-two investigation.

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Clarkson to Beat 2021 Market Expectations After Strong 2H

Clarkson PLC said Monday that it expects to report earnings for 2021 above market forecasts after a strong performance in the second half of the year.

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Versarien 1H Pretax Loss Narrowed on Higher Revenue

Versarien PLC said Monday that its pretax loss for the first half of fiscal 2022 narrowed as revenue increased.

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Fusion Antibodies 1H Pretax Loss Widened, Revenue Rose

Fusion Antibodies PLC said Monday that its pretax loss widened for the first half of fiscal 2022 despite increased revenue, and it expects its full-year revenue to meet expectations.

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Cellular Goods Appoints New CEO

Cellular Goods PLC said Monday that it has appointed Anna Chokina as its new chief executive officer.

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Thungela Sees 2021 Export Coal Production in Line With Guidance

Thungela Resources Ltd. said Monday that it expects export saleable production of 14.9 million metric tons of coal in 2021, in line with the latest guidance.

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Fulham Shore Swung to 1H Pretax Profit; Sees FY22 Ahead of Market Expectations

Fulham Shore PLC on Monday reported a swing to pretax profit for the first half of fiscal 2022 boosted by higher revenue and said it expects its full-year performance to be ahead of market expectations.

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Hardide FY 2021 Pretax Loss Widened; Sees Improved Performance in FY 2022

Hardide PLC on Monday reported a widened pretax loss for fiscal 2021 on lower revenue, but said it expects its performance to improve next fiscal year as demand recovers.

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Hammerson to Buyback Around GBP2.5 Mln of Shares

Hammerson PLC said Monday that it will start a share repurchase program, rebuying shares worth up to around an implied 2.5 million pounds ($3.3 million).

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Apax Global Alpha Funds to Sell Stakes in Unilabs

Apax Global Alpha Ltd. said Monday that two funds that it advises have agreed to sell their stakes in Unilabs to AP Moller Holding, with the transaction expected to close in the first quarter of 2022.

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3i Infrastructure Invests GBP191 Mln in SRL Traffic Systems for Majority Stake

3i Infrastructure PLC said Monday that it has invested 191 million pounds ($252.8 million) for a 92% stake in SRL Traffic Systems, a traffic-management rental company in the U.K.

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AG Barr Acquires 60% of MOMA Foods, Plans Full Control Within Three Years

AG Barr PLC said Monday that it has taken a 60% equity stake in MOMA Foods Ltd. and plans to take full ownership of the company over the next three years.

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswires

12-06-21 0412ET

Stocks mentioned in the article
ChangeLast1st jan.
3I GROUP PLC -0.19% 1340.5 Delayed Quote.-7.49%
3I INFRASTRUCTURE PLC -0.15% 323 Delayed Quote.-8.89%
APAX GLOBAL ALPHA LIMITED -0.67% 177.4 Delayed Quote.-21.85%
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.14% 0.55844 Delayed Quote.3.70%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.13% 0.66923 Delayed Quote.-8.40%
BRITISH POUND / US DOLLAR (GBP/USD) 0.26% 1.19784 Delayed Quote.-11.61%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.24% 0.614896 Delayed Quote.5.97%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.09% 0.7365 Delayed Quote.-6.29%
CELLULAR GOODS PLC -1.82% 1.35 Delayed Quote.-81.38%
CLARKSON PLC -1.61% 3050 Delayed Quote.-21.39%
EURO / BRITISH POUND (EUR/GBP) -0.07% 0.8635 Delayed Quote.2.92%
EURO / US DOLLAR (EUR/USD) 0.21% 1.03454 Delayed Quote.-9.04%
FUSION ANTIBODIES PLC 0.00% 45.5 Delayed Quote.-58.64%
HAMMERSON PLC -0.80% 24.8 Delayed Quote.-24.39%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.02% 0.010255 Delayed Quote.3.22%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.02% 0.012251 Delayed Quote.-8.79%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.22% 0.62099 Delayed Quote.-9.85%
THE FULHAM SHORE PLC 6.00% 13.25 Delayed Quote.-28.38%
THUNGELA RESOURCES LIMITED 4.88% 306.76 End-of-day quote.262.86%
US DOLLAR / BRITISH POUND (USD/GBP) -0.30% 0.834787 Delayed Quote.13.11%
VERSARIEN PLC -4.30% 18.9 Delayed Quote.-38.34%
VICTREX PLC -1.44% 1776 Delayed Quote.-27.33%
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