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British pound

Vaccine hopes boost British pound
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
Pound hits highest since April 2018, eyes $1.38
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
Vaccine rollout lifts sterling to strongest against euro since May
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
Rupee gains 04 paisas against US dollar
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
Spread of virus mutation keeps euro and pound under pressure
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
Dollar whipsaws as virus mutation rattles traders
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