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Sterling slides vs resurgent euro LONDON: Sterling fell against the euro on Monday, continuing last week's decline against the resurgent single currency, with investors looking ahead to British growth data later in the week.With China's economic and financial market travails throwing doubt over the strength of global growth, some sterling traders are starting to question whether the Bank of England will raise interest rates as soon as many had pencilled in.Upbeat German business sentiment added fuel to the euro's fire on Monday, pushing the single currency up more than 1 percent to a two-week high of 71.59 pence. Last week, the euro rose nearly 2 percent against sterling, its biggest weekly rise since the week ending May 1.Sterling was unchanged against the dollar at $1.5515. Soft British retail sales figures last week set a downbeat tone for sterling, culminating in its biggest weekly fall against the euro - and on a trade-weighted basis - in ...

Sterling weakens to hit 10-day low vs dollar LONDON: Sterling eased against the dollar on Friday, on track for its weakest weekly performance in three, after recent data disappointed and falling oil prices raised some doubts over when the Bank of England would hike interest rates. Sterling dropped to $1.5469, down 0.3 percent on the day, and its lowest in 10 days. It has retreated from last Friday's high of $1.5673 when it was underpinned by indications that the BoE was edging towards ...
Russian rouble continues retreat as low oil price weighs MOSCOW: The Russian rouble fell further against the dollar on Friday, retreating for a third day as international oil prices hovered close to three-and-a-half-month lows. At 0830 GMT, the rouble was 0.4 percent weaker against the dollar at 58.10 and had gained 0.1 percent to 63.52 versus the euro. The rouble has shed around 2 percent against the dollar since Wednesday as a result of declines in the Brent oil price, which has returned to ...
Turkish lira weakens nearly 4 percent on week over security concerns ISTANBUL: The lira's weekly losses against the dollar reached almost 4 percent on Friday as Turkish air strikes on Islamic State insurgents in Syria and nationwide police raids on militants fuelled investor concerns about Turkey's security risks. Fears of a snap election if efforts to form a coalition government fail also weighed on sentiment, with the two-year benchmark bond yield rising above 10 percent for the first time since mid-June. Central bank steps to support ...
Sterling sharply higher after BoE stokes rate rise bets LONDON: Sterling jetted higher on Wednesday, supported by more suggestions from the minutes of the Bank of England's last meeting and a magazine interview that policymakers are edging towards voting for an interest rate rise. There have been a handful of indications this month of a changing of the tide at the bank and the minutes of the meeting on July 8 showed "a number" of policymakers viewed the decision on whether to raise rates ...
Turkey's lira hits weakest in a month on security worries ISTANBUL: Turkey's lira slid to its weakest in a month on Wednesday, hit by security worries after Kurdish militants claimed responsibility for killing two police offers after an Islamic State suicide bombing this week.The bloodshed in towns along Turkey's 900 km (560 mile) border with Syria has given investors further pause when they are already worried by slowing growth, a crumbling currency and political instability after the ruling AK Party failed to win a single-party ...
Turkey's lira hits weakest in a month on security worries ISTANBUL: Turkey's lira slid to its weakest in a month on Wednesday, hit by security worries after Kurdish militants claimed responsibility for killing two police offers after an Islamic State suicide bombing this week.The bloodshed in towns along Turkey's 900 km (560 mile) border with Syria has given investors further pause when they are already worried by slowing growth, a crumbling currency and political instability after the ruling AK Party failed to win a single-party ...

 



 
Index Closing Chg%
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Arrow S&P 1,988.87 0.06
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln