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Sterling falls on interest rate, election uncertainty LONDON: Sterling fell against the dollar and euro on Monday, as doubts over when UK interest rates will begin to rise and uncertainty over the outcome of a national election due in early May weighed on the currency.Bank of England Chief Economist Andy Haldane said last week the bank should be ready to cut interest rates further if inflation looked likely to fall too below its 2 percent target. The next policy move was as likely to be a cut in rates as a hike, he said.Those comments echoed a cautious tone from the BoE's monetary policy committee in the minutes from its latest meeting, released last Wednesday, in which members flagged the impact of a strengthening pound on inflation.Investors pushed back their expectations of when British interest rates will rise in response to the BoE's more dovish stance. Having been pricing in a hike in early 2016 at the ...

Euro hits 3-week high against sterling, up 0.8 percent LONDON: The euro rose to its strongest in three weeks against sterling on Monday as investors cut short euro positions and an uncertain UK interest rate path and parliamentary elections in May weighed on the pound.Last week was the best for the euro since late 2011 against the dollar, boosted by a broad sell-off in the greenback after the U.S. Federal Reserve cut its growth forecasts and signalled signalled a later rise in interest rates ...
Rouble rate will not change much in near future MOSCOW: The Russian rouble should not change much in value in the near future even if the oil price changes, Russian Finance Minister Anton Siluanov was quoted as saying on Saturday."We think that in the near future there will be no serious changes in the (rouble) rate," Siluanov said in an interview with Russian news show Vesti, according to the Interfax news agency."Even if oil prices may slightly deviate from current levels the rouble rate ...
Sterling sharply down vs dollar on BoE chief economist comments LONDON: Sterling fell sharply against the dollar on Thursday after dovish comments by a Bank of England policymaker cast doubt on investor expectations of an interest rate hike early next year. BoE Chief Economist Andy Haldane said the chances of an interest rate rise or cut were evenly balanced and that policy needed to stand ready to move in either direction in order for the bank to meet its 2 percent inflation target. That echoed ...
Dollar fights back after fall on Fed; Norwegian crown soars LONDON: The dollar fought back across the board on Thursday after posting its biggest daily fall in 18 months in the wake of a much more cautious Federal Reserve statement on interest rates than expected.The Norwegian crown gained as much as 3 percent against the euro - its biggest daily rise since 2008 - after Norway's central bank kept interest rates on hold, defying widespread expectations of a cut.In the statement the Fed issued after ...
Sterling falls after BoE's Haldane says even chances of rate cut or rise LONDON: Sterling fell to the day's low against the dollar on Thursday after Bank of England Chief Economist Andy Haldane said the chances of an interest rate rise or cut were evenly balanced.Haldane said policy needed to stand ready to move in either direction in order for the bank to meet its 2 percent inflation target.Sterling fell to $1.4762 after Haldane's comments, from $1.4836 beforehand, leaving it down 1.4 percent on the day. Against the ...
Swiss franc strengthens after SNB keeps rates on hold LONDON: The Swiss franc strengthened on Thursday after the country's central bank decided against moving its benchmark interest rate further below zero, keeping it at -0.25 percent.The euro fell to 1.0570 francs from around 1.0625 francs just before the Swiss National Bank's decision, down around 0.5 percent on the day.The SNB's decision was in line with market expectations, and the euro's fall was part of its broader fall as traders lightened positions after the single ...


Index Closing Chg%
Arrow DJIA 17,776.12 1.11
Arrow Nasdaq 4,900.89 0.94
Arrow S&P 2,067.89 0.88
Arrow FTSE 6,773.04 1.72
Arrow DAX 11,966.17 0.99
Arrow CAC-40 5,033.64 0.98
Arrow Nikkei 19,206.99 1.05
Arrow H.Seng 24,900.89 0.81
Arrow Sensex 27,957.49 0.07

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 20, 2015
Reserves $16.132 bln