Trends - Sterling vs dollar - Business Recorder

Markets

Sterling falls versus the dollar as investors await BoE

Sterling falls 0.7% vs dollar, 0.1% against euro.
BoE meeting on May 6 in focus.

Published 30 Apr, 2021 08:31pm

Business & Finance

Sterling takes back seat to dollar

LONDON: Sterling hovered between flat to lower against the dollar on Wednesday as the greenback strengthened across...

Updated 29 Apr, 2021 10:05am

Markets

Sterling takes back seat to dollar ahead of Fed

Sterling was 0.3% lower against the dollar at $1.3875. It was 0.1% lower to the euro at 86.99 pence.
"A bearish-dollar outcome of the Fed meeting today should provide an extra tailwind for cable to make another attempt at the $1.40 level later this week."

Published 28 Apr, 2021 05:33pm

Business & Finance

Sterling begins new week buoyant

LONDON: Sterling gained against the dollar and the euro on Monday, ignoring political noise stemming from ...

Updated 27 Apr, 2021 10:05am

Markets

Sterling begins new week buoyant, shrugs off political noise

Sterling was 0.15% higher on Monday at $1.3901 , off last week's top of $1.4009. Against the euro it was 0.2% higher at 86.92 pence.
Bank of England Deputy Governor Ben Broadbent has forecast consecutive quarters of rapid growth but also warned that inflation will prove less predictable

Published 26 Apr, 2021 08:46pm

Business & Finance

Sterling rebounds

LONDON: Sterling rebounded on Friday from a sharp fall on Thursday, on track for a second week of gains against the...

Published 24 Apr, 2021 03:21am

Markets

Sterling rebounds on strong retail sales, PMIs

Sales volumes leapt by 5.4% in March from February, the Office for National Statistics said. Economists polled by Reuters had expected an increase of 1.5%.
On top of retail sales, a survey showed a deluge of orders swept through British businesses in April as the country lifted some of its restrictions, pointing to a rapid rebound for the pandemic-hit economy.

Published 23 Apr, 2021 05:19pm

Business & Finance

Sterling falls

LONDON: Sterling fell on Thursday, erasing the week’s gains against the dollar, as investors weighed up the ...

Updated 23 Apr, 2021 10:01am

Business & Finance

Sterling holds ground against dollar

LONDON: Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March...

Updated 22 Apr, 2021 09:47am

Business & Finance

Sterling climbs against dollar

LONDON: Sterling hit its highest in more than six weeks against the dollar on Tuesday with the greenback’s...

Updated 21 Apr, 2021 10:06am

Business & Finance

Sterling slips against euro

LONDON: The pound fell against the euro on Friday to its lowest in seven weeks and was on track for its second...

Published 17 Apr, 2021 03:28am

Business & Finance

Sterling struggles

LONDON: The pound was steady on Thursday, edging up against the euro but struggling to regain momentum as market...

Updated 16 Apr, 2021 09:54am

Business & Finance

Sterling rises against dollar

LONDON: Sterling hit a one-week high against the dollar on Wednesday, supported by the speed of Britain’s vaccine...

Updated 15 Apr, 2021 10:07am

Markets

Sterling recovers to hit one-week high vs dollar

The pound on Tuesday hit a six-week low against the euro and extended losses against the dollar after the announcement of Andrew Haldane's resignation.
It was 0.1% higher to the euro at 86.77 pence, off a six-week low of 87.11 pence after the Haldane announcement.

Published 14 Apr, 2021 08:47pm

Markets

Pound licks wounds as Haldane exit signals dovish tilt

While the reaction in currency markets was muted, with the pound holding close to the day's lows against its main rivals, Haldane's exit is widely seen as a departure of one of the more hawkish figures at the central bank.
Against the dollar, the British currency was down 0.1% at $1.3692, having touched its lowest since Feb. 5 at $1.3670 in the previous session.

Published 13 Apr, 2021 08:23pm

Business & Finance

Sterling rises

LONDON: The pound rose on Monday as some UK lockdown measures were eased, recovering some of last week’s losses,...

Updated 13 Apr, 2021 09:29am

Markets

Sterling recovers as shops in England reopen

The pound was at 86.68 pence per euro, up 0.2% on the day but still weaker than when it hit a one-year high of 84.720 this time last week.
Against the dollar, the pound was up around 0.3% at $1.3746 .

Published 12 Apr, 2021 08:40pm

Business & Finance

Sterling steadies

LONDON: Sterling steadied on Friday, having touched a two-month low against the dollar in early London trading, and...

Published 10 Apr, 2021 04:34am

Markets

Sterling stabilises, set for biggest weekly fall versus euro since Sept

The pound had its best quarter against the euro since 2015 in the first three months of 2021, boosted by the UK's vaccine rollout, which is one of the fastest in the world, as well as a fading of negative interest rate expectations.
Versus the dollar, the pound was down 0.1% at $1.3723, and also on track for a weekly loss.

Published 09 Apr, 2021 05:58pm

Business & Finance

Sterling steadies

LONDON: Sterling steadied against the dollar and euro on Thursday, recovering after a bruising bout of profit-taking...

Updated 09 Apr, 2021 09:19am

Markets

Sterling steadies vs dollar, euro after profit-taking knock

The pound fell 1.2% against the dollar and 1.7% against the euro between Tuesday and Wednesday as investors took cash off the table after a strong first quarter for the British currency.
Sterling's pullback was "exaggerated," ING analysts wrote, adding that they were "constructive" on the pound, citing Britain's relatively fast COVID-19 vaccine programme.

Published 08 Apr, 2021 08:52pm

Markets

Sterling sinks to 5-week low vs. euro, one-week low vs dollar

The pound fell on Tuesday, losing 0.6% against the dollar and over 1% against the euro - its worst day against the single currency in five weeks as investors took cash off the table.
Against the euro, it traded 0.7% lower to the euro at 86.50 pence, having hit a five-week low of 86.62 pence.

Published 07 Apr, 2021 08:36pm

Business & Finance

Sterling slips against euro, dollar

LONDON: Sterling slipped on Tuesday and was on track for its worst day against the euro in five weeks as investors...

Updated 07 Apr, 2021 09:51am

Markets

Sterling slips after reaching two-week high versus dollar

Versus the dollar, sterling was 0.4% lower at $1.3854 at 0859 GMT, after earlier touching $1.3919, its highest since March 19.
Sterling had its best quarter since 2015 versus the euro, gaining around 4.8%.

Updated 06 Apr, 2021 07:29pm

Business & Finance

Sterling strengthens

LONDON: The pound strengthened against the euro and dollar on Thursday, crossing the key 0.85 level versus the euro...

Published 02 Apr, 2021 04:58am

Business & Finance

Sterling moves up

LONDON: Sterling rose against the dollar and the euro on Wednesday as traders looked past economic data in Britain...

Published 01 Apr, 2021 04:10am

Business & Finance

Sterling steadies below $1.38

LONDON: Sterling steadied near $1.38 against the dollar on Monday as a decline in concerns about Britain’s ...

Published 30 Mar, 2021 05:45am

Markets

Sterling strengthens, helped by UK vaccine rollout and better retail sales

Sterling's gains versus the euro this year have been largely due to Britain's faster vaccine rollout, relative to Europe, analysts say, meaning that the EU-UK vaccine row could affect euro-sterling.
Brussels and London sought to cool tension on Wednesday, declaring they were working "to create a win-win situation and expand vaccine supply for all our citizens".

Published 26 Mar, 2021 08:23pm

Business & Finance

Sterling steadies

LONDON: Sterling steadied against the dollar and euro on Thursday after two consecutive days of losses prompted by...

Updated 26 Mar, 2021 09:25am

Business & Finance

Dollar falls in Europe

• Bitcoin gains 4.7pc to $56,870 LONDON: The dollar edged down from four-month highs on Wednesday as...

Published 25 Mar, 2021 05:08am