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Sterling falls versus dollar, still vulnerable to BoE policy LONDON: Sterling slipped back against the dollar on Thursday as the impact of Bank of England minutes waned and investors refocused on the likelihood that the US will still withdraw stimulus before the UK.Sterling was down 0.3 percent against the dollar at $1.5163, retreating from the two-week high of $1.5270 hit on Wednesday. Against the pound, the euro was up 0.2 percent at 86.39 pence.The pound could weaken further if UK retail sales figures due out at 0830 GMT come in below the consensus.Sterling rallied on Wednesday after minutes from a BoE meeting surprised investors when it showed all nine policymakers voted against expanding its bond-buying programme, an unexpected change from the previous meeting's 6-3 split and wrongfooting investors who had built large bets against sterling in recent weeks.Better-than-expected UK jobs numbers also helped sterling as speculators and investors who had bet against the pound before the BoE minutes were ...

Sterling trims losses, stocks rise after UK retail sales data LONDON: Sterling pared losses against the dollar, while UK stocks turned positive on Thursday after UK retail sales rose in June, a sign that an economic recovery might be taking hold.Sterling rose to $1.5202 from $1.5166 before the data but was still down 0.1 percent on the day against the dollar.The pan-FTSEurofirst 300 turned positive, having been flat before the release, trading 0.2 percent higher at 1,201.10.Copyright Reuters, 2013 ...
Turkish lira steady, reassured by rate hike hopes and Bernanke ISTANBUL: The Turkish lira was steady on Thursday, bolstered by the prospect of an interest rate hike next week and by easing concerns over the US central bank withdrawing its stimulus.The lira hovered around 1.9150 to the dollar by 0826 GMT from 1.9136 on Wednesday, near its strongest in a month.Federal Reserve chairman Ben Bernanke said on Wednesday the US central bank still expected to start scaling back its massive bond-buying programme this year, but ...
Swiss franc slips vs dollar after Bernanke's testimony ZURICH: The Swiss franc fell against the dollar and the euro on Thursday after comments from US Federal Reserve Chairman Ben Bernanke reassured investors the Fed is on course to unwind its easy monetary policy sometime this year.In testimony to Congress on Wednesday, Bernanke stuck to a timeline that he first outlined in June to scale back the Fed's bond-buying programme later this year, but he left open the option of altering that plan if ...
Dollar subdued as markets seek Fed policy clues from Bernanke LONDON: The dollar struggled near a three-week low against a basket of currencies on Wednesday, with investors wary of betting on it ahead of Federal Reserve Chairman Ben Bernanke's testimony to Congress later in the day.Bernanke last week caused a dramatic dollar sell-off with comments that were considered unexpectedly dovish. That kept most market participants on the sidelines on Wednesday ahead of comments they hope will give more clarity on when and at what pace ...
Sterling on back foot before Bank of England minutes LONDON: Sterling fell on Wednesday, hovering near a four-month low against the euro on selling by macro funds that positioned for more weakness ahead of Bank of England policy minutes.The minutes of the Monetary Policy Committee's July 3-4 meeting are due at 0830 GMT, with particular attention on whether new Governor Mark Carney voted in favour of increasing the BoE's 375 billion pounds of asset purchases.The bank kept its stimulus programme on hold and interest ...
Euro rises to four-month high versus sterling LONDON: The euro rose to a four month high versus sterling on Tuesday after UK inflation data and a Bank of England policymaker's comments weighed on the British pound.The euro, was up 0.5 percent at 86.950 pence, its highest since mid-March. Traders cited an options barrier at 87.00 pence.The pound fell after UK inflation data rose less than expected keeping alive chances of more stimulus from the BoE. Sterling also came under pressure after BoE ...

 



 
Index Closing Chg%
Arrow DJIA 17,804.80 0.15
Arrow Nasdaq 4,765.38 0.36
Arrow S&P 2,070.65 0.46
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ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln