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Sterling, gilt yields higher, jobs and housing eyed LONDON: Sterling inched back towards 18-month highs against the euro on Monday, helped by growing conviction that British interest rates will top euro zone equivalents for years to come.The euro was also heading back towards lows against the dollar hit immediately after cuts in interest rates by the European Central Bank last week; dealers said that was the main driver on a day that saw volumes of less than 50 percent of the past month's average."Sterling has held up quite well against the dollar given the euro's weakness, but there's been very little in it today for me," said the head spot currency dealer at one London-based bank dealing room. "It's one of those weeks where we're looking for a new impulse."The euro fell 0.3 percent on the day against the pound to 80.93 pence, holding just above the lows hit following the ECB meeting last week. Against the dollar, ...

Zloty stays strong; Slovenian bonds in favour PRAGUE: The Polish zloty held near a 14-month high against the euro on Monday as it is seen benefiting from a divergent interest rate path between Poland and the euro zone.The European Central bank cut interest rates on Thursday and announced other measures to spur growth in the euro zone and fight deflation risks.In contrast, analysts expect Poland's central bank (NBP) has already finished cutting rates and will be the first in central Europe to ...
Euro hurt by widening interest rate differentials LONDON: The euro gave up gains to weaken against the dollar on Monday, as yield differentials between U.S. Treasuries and German Bunds widened to multi-year highs, highlighting the monetary policy divergence between the United States and the euro zone.Amid lower-than-usual volumes due to a holiday in some parts of Europe, the dollar held gains made after upbeat U.S. jobs data on Friday. The reassuring data bolstered risk appetite and underpinned higher-yielding currencies like the Australian ...
Sterling in limbo ahead of UK jobs, housing reports LONDON: Sterling traded just off 18-month highs to the euro on Monday, with investors looking to jobs, wage and housing data for fresh direction after a buffetting following European Central Bank policy action last week.The euro has largely held its ground since the ECB took a series of steps aimed at supporting growth and increasing the volume of euros in circulation in the economy last Thursday. "We are in a kind of no-man's land at ...
Euro nudges higher, shaking off post-ECB easing impact LONDON: The euro rose against the dollar and the yen on Monday, as speculators cut large bets against the single currency, confident the ECB will not be easing policy again soon. Amid lower-than-usual volumes due to a holiday in some parts of Europe, the dollar gave up some gains made after upbeat US jobs data on Friday.The reassuring data bolstered risk appetite and underpinned higher-yielding currencies like the Australian and New Zealand dollars. The euro ...
Sterling climbs against euro on diverging policy outlooks LONDON: Sterling rose against the euro on Friday, climbing towards 18-month highs hit a day earlier, with diverging interest rate outlooks expected to underpin the British currency in the near term. While the European Central Bank declined to rule out quantitative easing on Thursday after imposing negative rates on excess cash parked with it, the Bank of England is likely to raise interest rates early next year. That expectation has helped drive the pound 10 ...
Sterling struggles, gilts end losing streak after ECB boost LONDON: Sterling gained ground on Thursday but failed to hold onto 17-month highs hit against the euro after a European Central Bank meeting that did little to dent the single currency's immediate appeal.Expectations that the Bank of England will raise interest rates next year have driven the pound 10 percent higher against a basket of currencies over the past year.That move has stalled in recent months but, all things being equal, the ECB's moves on ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln