BR100 Increased By (0.27%)
BR30 Increased By (0.15%)
KSE100 Increased By (0.15%)
KSE30 Increased By (0.01%)
BECO 5.92 Decreased By ▼ -0.11 (-1.82%)
BML 57.31 Increased By ▲ 4.56 (8.64%)
BOP 34.09 Decreased By ▼ -0.16 (-0.47%)
CNERGY 8.20 Increased By ▲ 0.04 (0.49%)
DCL 12.15 Decreased By ▼ -0.19 (-1.54%)
FCCL 53.88 Decreased By ▼ -0.01 (-0.02%)
FCSC 5.25 Increased By ▲ 0.03 (0.57%)
FFL 18.01 Decreased By ▼ -0.02 (-0.11%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.23 Increased By ▲ 0.23 (2.09%)
KEL 8.17 Increased By ▲ 0.06 (0.74%)
KOSM 5.47 Increased By ▲ 0.09 (1.67%)
MLCF 88.79 Increased By ▲ 0.74 (0.84%)
NBP 186.50 Increased By ▲ 0.02 (0.01%)
PACE 10.96 Increased By ▲ 0.24 (2.24%)
PAEL 40.42 Increased By ▲ 0.48 (1.2%)
PIAHCLA 26.26 Increased By ▲ 0.09 (0.34%)
PIBTL 17.33 Increased By ▲ 0.01 (0.06%)
PPL 232.00 Decreased By ▼ -0.78 (-0.34%)
PRL 34.70 Decreased By ▼ -0.25 (-0.72%)
PTC 66.80 Decreased By ▼ -0.76 (-1.12%)
SEARL 91.45 Increased By ▲ 0.52 (0.57%)
SSGC 27.15 Decreased By ▼ -0.02 (-0.07%)
TELE 8.70 Increased By ▲ 0.13 (1.52%)
THCCL 65.35 Increased By ▲ 5.22 (8.68%)
TPLP 9.20 Increased By ▲ 0.44 (5.02%)
TREET 24.55 Increased By ▲ 0.01 (0.04%)
TRG 72.63 Increased By ▲ 0.88 (1.23%)
WAVES 10.70 Increased By ▲ 0.72 (7.21%)
WTL 1.26 No Change ▼ 0.00 (0%)

Markets » Europe Forex

Sterling held near 2-yr lows
Financial

Sterling held near 2-yr lows

LONDON: Britain's economic gloom and a fast-approaching Brexit deadline kept sterling near two-year lows on Wednesday, w
Published 10 Jul, 2019 07:46pm
Sterling pauses on soft data
Financial

Sterling pauses on soft data

LONDON: Sterling trimmed gains on Wednesday after British manufacturing output fell unexpectedly in February, its first
Published 11 Apr, 2018 12:50pm
Euro pauses after strong run
Financial

Euro pauses after strong run

LONDON: The euro dipped a quarter of a percent on Monday as investors took profits after a recent rally though marke
Published 08 Jan, 2018 10:24am
Sterling hits eight-week low as May gets Brexit go-ahead
Financial

Sterling hits eight-week low as May gets Brexit go-ahead

LONDON: Sterling fell to an eight-week low against the dollar and the basket of currencies measuring its broader strength on Tuesday, hit by fears of prolonged political jousting over the terms of Britain's exit from the European Union.
Published 14 Mar, 2017 06:00pm
Higher yields drive dollar to 3-week high vs yen
Financial

Higher yields drive dollar to 3-week high vs yen

LONDON: The dollar hit a three-week high against the yen on Thursday, on course for a fourth straight day of gains after a strong ADP job number in the previous session broke 10-year US government bond yields out of a long-held range.
Published 09 Mar, 2017 02:00pm
Dollar steadies as investors eye US jobs data, ECB
Financial

Dollar steadies as investors eye US jobs data, ECB

LONDON: The dollar steadied on Wednesday, with investors broadly taking a "wait-and-see" approach ahead of a US labour market report later in the week, which follows a European Central Bank policy meeting.
Published 08 Mar, 2017 09:32am
Sterling hits 7-week low after weak UK services PMI data
Financial

Sterling hits 7-week low after weak UK services PMI data

LONDON: Sterling fell to a seven-week low on Friday, as a survey showed growth in Britain's dominant services sector cooling and British Prime Minister Theresa May played down talk of a fresh Scottish independence vote as the UK prepares to leave the
Published 03 Mar, 2017 12:32pm
Sterling hits 12-day low as Brexit jitters return
Financial

Sterling hits 12-day low as Brexit jitters return

LONDON: Sterling hit a 12-day low against the dollar on Monday, as talk of another possible Scottish independence vote added to fears about Britain's future as it prepares to leave the European Union.
Published 27 Feb, 2017 02:32pm
Sterling slips after weak UK business investment data
Financial

Sterling slips after weak UK business investment data

LONDON: Sterling fell on Wednesday after data showed UK business investment fell in the fourth quarter of 2016 and indicated tougher economic times lie ahead, despite overall growth hitting its fastest pace for a year.
Published 22 Feb, 2017 07:27pm
Sterling hits 2-month high vs euro on Le Pen poll gain
Financial

Sterling hits 2-month high vs euro on Le Pen poll gain

LONDON: Sterling rose almost 1 percent to its highest in two months against the euro on Tuesday, profiting from broad sales of the single currency after another opinion poll showed far-right French presidential candidate Marine Le Pen gaining ground.
Published 21 Feb, 2017 07:16pm
Hints of March rate rise drive dollar higher
Financial

Hints of March rate rise drive dollar higher

LONDON: The dollar rose broadly on Tuesday after two Federal Reserve policymakers pointed to a potential US interest rates rise next month, turning attention to the bullish fundamentals of the world's biggest economy.
Published 21 Feb, 2017 01:35pm
Euro inches higher in face of French politics
Financial

Euro inches higher in face of French politics

LONDON: The euro rode out signs of gains for far-right French presidential candidate Marine Le Pen on Monday, inching higher against the dollar and the yen in trade held in check by the absence of US investors for a holiday.
Published 20 Feb, 2017 02:03pm
Likely sixth loss in eight weeks weakens faith in dollar rally
Financial

Likely sixth loss in eight weeks weakens faith in dollar rally

LONDON: The dollar was stuck near a one-week low against a basket of currencies on Friday after upbeat economic data failed to lift Treasury yields, with concerns about policy under president Donald Trump quelling hopes of a new rally in the currency.
Published 17 Feb, 2017 12:11pm
Dollar knocked back after 11 days of gains
Financial

Dollar knocked back after 11 days of gains

LONDON: The dollar broke an 11-day winning streak on Thursday, falling against the euro, yen and the basket of currencies that measures its broader strength, after hitting its highest in a month a day earlier.
Published 16 Feb, 2017 02:44pm
Sterling's best run since September hits euro for six
Financial

Sterling's best run since September hits euro for six

LONDON: Sterling rose against the euro for a sixth straight day on Monday, chalking up its best run in over four months as the euro zone currency struggled to shake off French political worries and Greek debt strains.
Published 13 Feb, 2017 05:33pm
Romania's Leu currency extends rebound as protests persist
Financial

Romania's Leu currency extends rebound as protests persist

BUDAPEST: The leu extended its recovery on Tuesday after its sharp fall during mass protests last week, outperforming other Central European currencies as Romania's healthy growth outlook offset uncertainty surrounding public calls for the government
Published 07 Feb, 2017 01:34pm
Euro fades in face of French election risks
Financial

Euro fades in face of French election risks

LONDON: The euro fell around half a percent on Monday as concerns over French politics ahead of presidential elections set for April and May drew investors' focus back to a year of political risks to Europe's established order.
Published 06 Feb, 2017 01:38pm
Dollar falls after Fed, Aussie soars on record trade surplus
Financial

Dollar falls after Fed, Aussie soars on record trade surplus

LONDON: The dollar fell to its lowest since mid-November on Thursday after the Federal Reserve disappointed investors hoping for a clear sign of a March interest rate rise, while the Australian dollar rallied after data showing a record trade surplus.
Published 02 Feb, 2017 04:02pm
Sterling skids after BoE inflation report
Financial

Sterling skids after BoE inflation report

LONDON: Sterling fell to day's lows and gilt futures rebounded on Thursday after the Bank of England seemed in no rush to raise interest rates in its latest inflation report, despite jacking up its growth forecasts as expected.
Published 02 Feb, 2017 03:57pm
Sterling flops after strong week of gains
Financial

Sterling flops after strong week of gains

LONDON: Sterling slipped from a five-week high on Friday but remained on track for one of its strongest weeks since mid-November, with investors setting aside their Brexit concerns to focus on signs the British economy is growing robustly.
Published 27 Jan, 2017 05:29pm
Dollar retreats as Trump takes over
Financial

Dollar retreats as Trump takes over

LONDON: The dollar retreated Monday, with warnings of wild volatility ahead, as Donald Trump began his presidency by attacking global trade deals and promising to put America first.
Published 23 Jan, 2017 06:22pm
Sterling hits five-week high close to $1.25
Financial

Sterling hits five-week high close to $1.25

LONDON: Sterling was the biggest gainer among developed-market currencies on Monday, hitting a five-week high, as investors bet the Supreme Court would on Tuesday rule the British government needs parliamentary approval to trigger formal Brexit talks.
Published 23 Jan, 2017 08:41am
Dollar recovers some ground after five days of falls
Financial

Dollar recovers some ground after five days of falls

LONDON: The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to US inflation data for clues on the path of interest
Published 18 Jan, 2017 03:48pm
Sterling on course for best day since at least 1998
Financial

Sterling on course for best day since at least 1998

LONDON: Sterling saw its biggest gains since at least 1998 on Tuesday as Prime Minister Theresa May promised a parliamentary vote on Britain's deal to leave the EU and sought to draw a line under discussion of a "hard" or "soft" Brexit.
Published 17 Jan, 2017 05:03pm
Sterling skids to three-month low as hard Brexit fears bite
Financial

Sterling skids to three-month low as hard Brexit fears bite

LONDON: Sterling skidded to its lowest levels - bar a "flash crash" in October - in 32 years on Monday, hit by fears that Prime Minister Theresa May will say on Tuesday that Britain is set for a "hard" Brexit out of the EU and its single market.
Published 16 Jan, 2017 02:30pm
Sterling slides after PM May reignites hard Brexit fears
Financial

Sterling slides after PM May reignites hard Brexit fears

LONDON: Sterling was on track for its biggest daily losses in three months on Monday, sliding around 1 percent to a 10-week low to the dollar after Prime Minister Theresa May said she was not interested in Britain keeping "bits" of its EU membership.
Published 09 Jan, 2017 06:43pm
Euro options hint at cooling of French election worries
Financial

Euro options hint at cooling of French election worries

LONDON: If you believe the past fortnight's shift in the pricing of currency market derivatives, bankers' concerns that Marine Le Pen may win French presidential elections in May and send another political shockwave through the euro zone may be ea
Published 06 Jan, 2017 04:43pm
Asian flash surge takes euro to $1.07
Financial

Asian flash surge takes euro to $1.07

LONDON: A short-lived surge in the euro dominated this year's last day of trade in major foreign exchange markets on Friday, with dealers citing a handful of orders as driving the dollar to its lowest since Dec.
Published 30 Dec, 2016 01:03pm
Dollar slips to 2-week low vs yen as Treasury yields fall
Financial

Dollar slips to 2-week low vs yen as Treasury yields fall

LONDON: The dollar slipped to a two-week low against the yen on Thursday, mirroring a fall in US bond yields as weaker-than-expected economic data weighed on the greenback and waning risk appetite boosted Japan's safe-haven currency.
Published 29 Dec, 2016 01:25pm
Dollar gains, sterling slides after Christmas
Financial

Dollar gains, sterling slides after Christmas

LONDON: The dollar inched higher against the yen and a handful of other major currencies in holiday-thinned trade on Tuesday, with sterling by far the biggest faller as concerns over next year's Brexit negotiations continued to weigh heavily.
Published 27 Dec, 2016 02:03pm
Sterling slips to two-week low vs euro
Financial

Sterling slips to two-week low vs euro

LONDON: Sterling fell to a two-week low against the euro on Thursday after a survey of British consumers showing a gloomy view of the economy's prospects next year kept it on the defensive against a perky single currency.
Published 22 Dec, 2016 09:24am
Sterling edges close to one-month lows vs dollar
Financial

Sterling edges close to one-month lows vs dollar

LONDON: Sterling edged close to a one-month low against the dollar on Wednesday, kept under pressure by uncertainty over Brexit negotiations and by a greenback buoyed by expectations for faster U.
Published 21 Dec, 2016 10:29am
Sri Lankan rupee closes lower on importer dollar demand
Financial

Sri Lankan rupee closes lower on importer dollar demand

COLOMBO: The Sri Lankan rupee closed weaker on Monday on importer dollar demand, as the market braced for declines in the local currency with the central bank raising the spot reference rate following a hike in US interest rates, dealers said.
Published 19 Dec, 2016 07:24pm
'Trumpflation' trade keeps dollar near 14-year highs
Financial

'Trumpflation' trade keeps dollar near 14-year highs

LONDON: The dollar steadied close to its highest levels in 14 years on Monday, underpinned by expectations that a fiscal expansion planned by US President-elect Donald Trump will boost inflation and lead to a faster pace of interest rates hikes.
Published 19 Dec, 2016 07:17pm
Sterling slips against dollar for a second week
Financial

Sterling slips against dollar for a second week

LONDON: Sterling traded close to a three-week low against the dollar on Friday, recording a second week of losses against a greenback that has risen sharply on expectations for a faster-than-anticipated increase in US interest rates.
Published 16 Dec, 2016 04:57pm
Dollar steady ahead of Fed rate decision
Financial

Dollar steady ahead of Fed rate decision

LONDON: The dollar was steady on Wednesday in the run in to the Federal Reserve's policy statement later in the day, with an almost 1 percent fall this week showing minimal expectations the Fed will ramp up its forecasts for future rises in interest r
Published 14 Dec, 2016 10:28am
Sterling rises after Hammond argues for staggered Brexit
Financial

Sterling rises after Hammond argues for staggered Brexit

LONDON: Sterling rose on Tuesday as investors awaited British inflation data for November, helped by finance minister Philip Hammond's comments supporting a staggered transition period for the country's exit from the European Union.
Published 13 Dec, 2016 10:35am
Dollar steadies as pre-Fed nerves dominate
Financial

Dollar steadies as pre-Fed nerves dominate

LONDON: The dollar steadied against the yen and euro on Tuesday after its weakest day in a week, with markets still uneasy that a Federal Reserve meeting ending on Wednesday may provoke more investors to cash in the greenback's recent gains.
Published 13 Dec, 2016 10:35am
Euro, yen fall as dollar momentum builds again
Financial

Euro, yen fall as dollar momentum builds again

LONDON: The euro was back under pressure on Friday after an extension of the European Central Bank's programme of money-printing drove its biggest daily loss against the dollar since Britain's vote to leave the European Union in June.
Published 09 Dec, 2016 01:09pm
Sterling edges up after weakest daily performance in 2 months
Financial

Sterling edges up after weakest daily performance in 2 months

LONDON: Sterling edged up on Thursday, recovering from its worst daily performance in two months on a trade-weighted basis, after weak industrial data and a parliamentary vote to stick to the British prime minister's Brexit timetable weighed on the cu
Published 08 Dec, 2016 03:28pm
Sterling drifts lower, unmoved by Vlieghe message
Financial

Sterling drifts lower, unmoved by Vlieghe message

LONDON: Sterling drifted lower against both the dollar and euro on Monday, with dealers citing one substantial late morning order as having moved currency rates in a session dominated by a correction to recent dollar gains.
Published 28 Nov, 2016 08:05pm
Dollar steadies after oil slip, stocks remain groggy
Financial

Dollar steadies after oil slip, stocks remain groggy

LONDON: The dollar steadied after its biggest fall in almost a month on Monday, as doubts about a long-mooted OPEC output cut unsettled oil markets and "Trumpflation" trades that have gripped investors since the US election.
Published 28 Nov, 2016 03:30pm
Sterling dips on euro bounce, focus on Draghi hearing
Financial

Sterling dips on euro bounce, focus on Draghi hearing

LONDON: Sterling touched a two-week high against the dollar but slid back against the euro on Monday, with the day's main focus likely to be European Central Bank chief Mario Draghi's testimony in the European Parliament.
Published 28 Nov, 2016 10:24am
Sterling heads for best run of gains vs euro since early 2015
Financial

Sterling heads for best run of gains vs euro since early 2015

LONDON: Sterling steadied on Friday, on track for its best run of weekly gains against the euro since early 2015, with investors switching their primary focus from the political risks facing Britain as it exits the EU towards those facing the euro zone.
Published 25 Nov, 2016 04:58pm
Budget drives sterling higher vs struggling euro
Financial

Budget drives sterling higher vs struggling euro

LONDON: Sterling surged to a 10-week high against the euro and resisted the dramatic falls against the dollar suffered by other major currencies after a UK budget read as doing more than had been expected to bolster growth in years to come.
Published 23 Nov, 2016 07:33pm
Trumped-up dollar steadies, offshore yuan hits record low
Financial

Trumped-up dollar steadies, offshore yuan hits record low

LONDON: The dollar steadied near a recent peak on Wednesday, taking a breather ahead of the US Thanksgiving holiday after surging on expectations that a Donald Trump administration will boost growth and inflation, pushing up US interest rates.
Published 23 Nov, 2016 03:44pm
Sterling inches lower before budget statement
Financial

Sterling inches lower before budget statement

LONDON: Sterling dipped by a quarter of a percent against the dollar and was marginally weaker against the euro on Wednesday ahead of a government budget statement expected to deliver only marginal additional support for an economy facing more Brexit-base
Published 23 Nov, 2016 12:11pm
Euro climbs as political uncertainty seen easing a touch
Financial

Euro climbs as political uncertainty seen easing a touch

LONDON: The euro rose from an 11-month low against a broadly weaker dollar on Monday with political developments seen easing uncertainty surrounding next year's German and French elections, lending some support to the currency.
Published 21 Nov, 2016 02:26pm
Dollar heads for best fortnight vs yen since 1988
Financial

Dollar heads for best fortnight vs yen since 1988

LONDON: The dollar powered to its highest levels since 2003 against a basket of currencies on Friday, with Donald Trump's victory in the US presidential election helping to give the greenback its best fortnight against the yen in almost 30 years.
Published 18 Nov, 2016 01:27pm
Dollar charges to 14-year high, bond tantrum in full swing
Financial

Dollar charges to 14-year high, bond tantrum in full swing

LONDON: The dollar climbed to its highest level in almost 14 years against a basket of currencies on Friday, while US bond yields were set for their biggest fortnightly rise in 13 years on bets US inflation and interest rates are headed higher.
Published 18 Nov, 2016 01:14pm
Dollar charge pauses as bond bashing relents
Financial

Dollar charge pauses as bond bashing relents

LONDON: Battered bonds and emerging market currencies enjoyed some respite on Thursday as the dollar took a breather from a post-US election charge that has taken it to a 13-1/2 year high.
Published 17 Nov, 2016 02:39pm
Dollar pulls back ahead of Yellen testimony
Financial

Dollar pulls back ahead of Yellen testimony

LONDON: The dollar fell back against other major currencies on Thursday, hit by speculation US Federal Reserve chief Janet Yellen will express concern over the pace of its surge to a 13 1/2-year high in the past week and an accompanying rise in bond yield
Published 17 Nov, 2016 01:40pm
Brexit-hit sterling gets no boost from UK jobs data
Financial

Brexit-hit sterling gets no boost from UK jobs data

LONDON: Sterling traded flat against the dollar on Wednesday, barely reacting to data showing Britain's jobless rate had fallen to the lowest level in 11 years, with investors focusing instead on the risks surrounding Brexit.
Published 16 Nov, 2016 10:30am
Dollar dips after soaring to 11-month highs
Financial

Dollar dips after soaring to 11-month highs

LONDON: The dollar slipped from an 11-month high against a basket of major currencies on Tuesday, pausing for breath after rallying almost 3 percent since Donald Trump won the U.
Published 15 Nov, 2016 10:45am
Sterling hammered again after Brexit memo leak
Financial

Sterling hammered again after Brexit memo leak

LONDON: Sterling sank by more than 1 percent against the euro on Tuesday, handing back much of three days of solid gains as media reports refocused traders' attention on the political risks associated with Britain's departure from the European Uni
Published 15 Nov, 2016 10:39am
Rouble retreats with oil
Financial

Rouble retreats with oil

MOSCOW: The Russian rouble fell back on Monday, retreating with the oil price which failed to hold above $45 per barrel
Published 25 Apr, 2016 09:58am
Euro dips after surge post
Financial

Euro dips after surge post

LONDON: The euro dipped on Friday after a shocking series of moves around Thursday's European Central Bank meeting w
Published 11 Mar, 2016 10:21am