Trends - British pound - Business Recorder

Markets

Dollar firms as investors keep eagle eye on Fed guidance

Commodity-linked currencies including the Australian dollar , the New Zealand dollar and the Canadian dollar eased slightly against the US dollar, tracking weakness in commodity prices.

Published 17 Mar, 2021 11:29am

Markets

Major currencies on hold as investors keep eagle eye on Fed guidance

The dollar index stood at 91.866, having risen for the last three sessions, drawing support mainly from elevated US bond yields on the back of expectations of a strong economic recovery.

Published 17 Mar, 2021 11:27am

Business & Finance

Sterling weakens against resurgent dollar

LONDON: The British pound lost ground against a resurgent dollar on Friday, as currency traders took some risk off...

Published 06 Mar, 2021 05:01am

Business & Finance

Early trade in New York: Dollar gains as US growth seen likely to outperform

NEW YORK: The dollar gained on Wednesday as investors priced for strong US growth relative to other regions, while...

Updated 04 Mar, 2021 09:33am

Markets

Dollar falls as risk appetite increases, kiwi ruffled by RBNZ

The dollar index against a basket of six major currencies fell to 90.025.

Published 24 Feb, 2021 10:15am

Markets

Vaccine hopes boost British pound

"A stronger pound is another headwind for UK exporters and provides some small relief for households," noted Paul Dales of Capital Economics.

Published 23 Feb, 2021 09:44am

Business & Finance

Early trade in New York: Dollar resumes slide against majors

NEW YORK: The US dollar resumed its slide against major currencies and reached multi-year lows against the British...

Published 23 Feb, 2021 05:20am

Markets

Aussie and sterling hit multi-year highs on recovery bets

Dollar weakens further after weaker jobs data.
Aussie hits nearly 3-yr high, sterling reaches $1.40.
Euro rebounds, aided by strong factory survey data.

Published 19 Feb, 2021 06:25pm

Business & Finance

Dollar struggles in Europe

LONDON: The US dollar was mired at a three-week low on Tuesday as growing optimism about the outlook of the global...

Updated 17 Feb, 2021 09:34am

Business & Finance

Sterling climbs above $1.39 for first time since 2018

LONDON: The British pound climbed above $1.39 on Monday for the first time in nearly three years, lifted by...

Updated 16 Feb, 2021 09:33am

Markets

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday ...

Published 12 Feb, 2021 04:54am

Markets

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday...

Published 11 Feb, 2021 04:34am

Markets

Dollar wallows at two-week low; bitcoin steadies after surge past $48,000

The dollar was almost flat at 104.58 yen, after dipping as low as 104.5 for the first time this month in the previous session.

Published 10 Feb, 2021 10:36am

Markets

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (February...

Published 10 Feb, 2021 04:12am

Markets

Pound hits highest since April 2018, eyes $1.38

Sterling reached $1.3798 against the dollar in late afternoon deals in London, its highest level against the greenback since April 27, 2018. Against the euro, it traded flat at 87.69 pence.
As we have been arguing since last week's Bank of England meeting, the move lower in EUR/GBP seems to have taken a breather.

Published 09 Feb, 2021 09:25pm

Markets

Vaccine rollout lifts sterling to strongest against euro since May

Riskier currencies gained against the dollar, which edged lower as global market sentiment was lifted by an equity rally in the Asian and early European sessions.
The economy that does the best will be the one that's able to get its population vaccinated earliest, and at the moment that looks like the UK.

Published 01 Feb, 2021 06:30pm

Markets

Sterling strengthens on vaccine optimism, approaches 3-year high

"It could open the door to further GBP gains, lifting cable closer to 1.4000 and EUR/GBP towards the mid-0.8000's."

Published 01 Feb, 2021 02:55pm

Markets

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (January...

Published 30 Jan, 2021 03:55am

Markets

Dollar on back foot with Fed's Powell likely to sound dovish note

The greenback gained 0.1% to 103.72 yen following a similar-sized decline overnight.

Published 27 Jan, 2021 09:39am

Markets

Exchange rates: buying and selling

KARACHI: Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (January...

Published 26 Jan, 2021 05:05am

Business & Finance

US dollar net shorts swell to largest in nearly 10 years

NEW YORK: US dollar net short positioning in the latest week ballooned to its largest since May 2011, according to...

Published 25 Jan, 2021 04:23am

Markets

Sterling struggles to regain 2-1/2-year peak as new lockdown weighs

Prime Minister Boris Johnson ordered England into another national lockdown to contain a surge in COVID-19 cases.
The expected hit to the economy heaped expectations on the Bank of England to announce more policy easing.

Published 05 Jan, 2021 08:37pm

Markets

Euro beats yen, sterling as Brexit, US stimulus boost risk appetite

Win Thin, global head of currency strategy at Brown Brothers Harriman, expects the dollar index to test its February 2018 low of 88.25.

Published 29 Dec, 2020 10:40am

Markets

Dollar dithers in thin trade as Trump passes pandemic aid package

Mitsuo Imaizumi, chief FX strategist at Daiwa Securities in Tokyo, expects the pound and euro to decline against the dollar, reaching $1.30 and $1.15 respectively by the end of the summer.

Published 28 Dec, 2020 09:47am

Markets

Gold firms on weaker dollar, US stimulus bets

Underscoring the economic hit from the pandemic, data on Wednesday showed elevated US jobless claims and a drop in consumer spending for the first time since May in November.

Published 24 Dec, 2020 09:32am

Markets

Tokyo stocks open higher ahead of holiday season

The Dow ended up 0.4 percent to 30,129.83 and the broad-based S&P 500 advanced 0.1 percent, while the tech-rich Nasdaq dropped 0.3 percent.

Published 24 Dec, 2020 09:08am

Markets

Virus worries buoy dollar, pound swung by Brexit gyrations

A deal is possible Wednesday, an ITV reporter tweeted.

Published 23 Dec, 2020 10:03am

Pakistan

Rupee gains 04 paisas against US dollar

In interbank trading, the price of euro appreciated by 12 paisas and closed at Rs. 196.14 against the last day’s trading of Rs. 196.02, State Bank of Pakistan reported.

Published 23 Dec, 2020 12:12am

Markets

Spread of virus mutation keeps euro and pound under pressure

The pressure on European assets, however, eased after a sell-off on Monday caused by shut-down of the border with France and angst over Brexit trade talks.
With European stock markets back in positive territory, sentiment improved on foreign exchange markets for Europe's top currencies.

Published 22 Dec, 2020 05:29pm

Markets

Dollar whipsaws as virus mutation rattles traders

Experts said there was no evidence that vaccines would not protect against the new virus variant, but Britain's chief scientific adviser said that in the meantime tighter restrictions on public life in Britain were likely.

Published 22 Dec, 2020 10:27am