pound

For a host of reasons, other countries would love to free their economies from the stranglehold of the U.S. dollar's influence, especially now, when the Fed's stimulus actions are pushing the dollar lower, and everything else higher. Global finance expert Peter Cohan has a simple answer: The Mondo.

The U.K.'s triple-A credit rating is safe, thanks to the government's austerity measures and a flexible economy, rating agency Moody%u2019s said.

The British economy grew more than previously thought in the second quarter, boosted by a strong showing in the construction sector. The UK economy grew 1.2% from April through June, the fastest quarterly expansion in more than nine years, the country's Office for National Statistics said. The...

Bank of England Governor Mervyn King said that the U.K. economy will grow slower than previously forecast. King said that growth may peak at 3% annual pace, rather than the 3.6% rate forecast in May, according to Bloomberg News. Inflation will also be lower than expected, hitting 1.5% in two...

Citing the country's "wealthy and diversified economy, ample fiscal and monetary policy flexibility" and other factors, S&P affirmed the U.K.'s sovereign credit ratings Monday. However, it also maintained the negative outlook it has had since May 2009.

A surprising thing happened to me yesterday as I flew back to America from the airport in Berlin, Germany. I was given the option of receiving change back in Euros or American dollars. Faced with quickly deciding which currency would hold its value over the next few weeks, to my surprise, I found...

In a speech at Whitney Tilson's Value Investing Conference on Monday, hedge-fund icon David Einhorn of Greenlight Capital, perhaps best known for his massive bet against Lehman Bros., offered some wisdom on the economic outlook and how investors can protect themselves. Einhorn pulled no punches....

Pound buyers faced losses after the S&P warned that it was cutting its outlook for the pound from "stable" to "negative." The pound lost two percent against the dollar and 1.5 percent against the euro. "We have revised the outlook on the UK to negative due to our view that, even assuming...