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Sterling pinned to 20-mth low vs dollar, BoE Carney's comments hurt LONDON: Sterling traded near its lowest in 20 months against the dollar on Friday and on track for its second straight week of losses, hurt by Bank of England Governor Mark Carney's comments that he was in no rush to raise interest rates.Those comments left some investors questioning whether the BoE would start to hike interest rates early next year, as is being expected currently.Governor Carney said on Thursday the recent strengthening in the pound could keep inflation low and result in a slower pace of rate hikes from the BoE. He reiterated those comments in a newspaper interview on Friday.While sterling has lost ground against the dollar, it has risen to more than six-year highs against a trade-weighted basket of currencies, mainly on the back of its significant gains against the euro.Sterling was trading at $1.4850, having fallen to $1.4845 earlier in the day. The euro was down 0.15 ...

Russian rouble weaker vs dollar before central bank rate decision MOSCOW: The Russian rouble opened slightly weaker against the dollar on Friday, ahead of a central bank policy meeting later in the day at which the bank is expected to cut its main rate.At 0706 GMT, the rouble was around 0.5 percent weaker against the dollar at 61.51 but gained 0.2 percent to trade at 65.04 versus the broadly weaker euro .The central bank is seen cutting its key interest rate on Friday from its ...
Sterling weakens on BoE chief Carney's dovish comments LONDON: Sterling fell against the dollar on Thursday after Bank of England Governor Mark Carney signalled he was in no rush to raise interest rates, disappointing some investors who were positioning for a hike in early 2016.The pound rose against the dollar earlier after data showed that U.S. retail sales fell unexpectedly in February for a third straight month but Carney's comments drove it back towards 20-month lows in afternoon trade.Carney said he was in ...
Rouble firms on stronger oil, Putin, rate decision in focus MOSCOW: The Russian rouble firmed on Thursday, helped by rising oil prices, as investors waited for news about the health of President Vladimir Putin and a central bank rate decision on Friday.At 1511 GMT the rouble was about 1.1 percent stronger against the dollar at 60.94 and 0.4 percent stronger at 64.80 against the euro.Firming oil prices, with Brent crude rising towards $58 a barrel, and the weaker euro were the key drivers pushing up ...
Sterling hits 20-month low on dovish BoE chief Carney LONDON: Sterling hit its lowest against the dollar since July 2013 on Thursday after Bank of England Governor Mark Carney signalled he was in no rush to raise interest rates, disappointing some expectations of a hike in early 2016.Sterling fell to $1.4887, down 0.3 percent on the day against a dollar. The greenback was weaker versus most of the world's major currencies as it took a breather after scaling multi-year highs on Wednesday.The pound had ...
Euro/dollar shock forces rethink across world markets LONDON: The euro's accelerating slide towards parity with the dollar and beyond has caught investors and multi-national firms off guard, forcing scrambled revisions of long-range forecasts and a major strategic rethink across global markets.The euro/dollar rate, which channels almost a quarter of the$5 trillion that flows daily through world currency markets, has been falling steadily for months, as markets factored in the European Central Bank's 1 trillion euro stimulus plan which finally began this week.This ...
Sterling hits 20-month low vs dollar as UK industrial data weighs LONDON: Sterling fell to a 20-month low against a buoyant dollar on Wednesday, with weaker-than-expected UK industrial data slightly dimming some of the recent optimism about the British economy.Industrial output fell by a monthly 0.1 percent, compared with a forecast for a 0.2 percent increase from economists taking part in a Reuters poll. Manufacturing output slid 0.5 percent in January from December.The National Institute of Economic and Social Research (NIESR) later kept growth forecasts for ...


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