Trends - Bank of England - Business Recorder

Bank of England

Gold at over 1-month low after Fed's hint of early rate hikes

Higher interest rates will dull gold's appeal as they translate into a higher opportunity cost of holding it.

Published 17 Jun, 2021 10:45am

Business & Finance

Sterling ticks higher

LONDON: Sterling rose on Wednesday after data showed British inflation unexpectedly jumped above the Bank of...

Published 17 Jun, 2021 03:27am

Business & Finance

UK inflation hits 2.1pc, vaults past BoE target

LONDON: British inflation unexpectedly jumped above the Bank of England’s target in May when it hit 2.1%, part of ...

Published 17 Jun, 2021 03:27am

Markets

Bank of England launches climate stress test for banks and insurers

Protesters have urged banks like HSBC and Barclays to stop financing fossil fuels.

Published 08 Jun, 2021 03:45pm

Business & Finance

Sterling fails to hold on to gains

LONDON: Sterling fell against a strengthening dollar on Friday after data showed US consumer prices surged in April,...

Published 29 May, 2021 03:59am

Markets

European shares at record high on gains in financials, U.S. spending plan

The pan-European STOXX 600 index rose 0.6pc to a record high of 448.98 points and added 1pc this week.

Published 28 May, 2021 11:43pm

Markets

FTSE 100 flat as losses in miners, energy stocks offset gains in banks

The blue-chip FTSE 100 index was falt with banks and life insurers adding 0.6pc and 0.1pc, respectively. HSBC Holdings and Prudential provided the biggest boost.

Updated 28 May, 2021 11:43pm

Business & Finance

Sterling rises on BoE comments

LONDON: Sterling rose against the dollar on Thursday after a Bank of England policymaker said the central bank was...

Published 28 May, 2021 04:08am

Markets

Sterling lifted by BoE comments on rate hike timing

The British currency recovered from an overnight drop against the dollar that took it to a 10-day low, as the greenback's spike higher fizzled out by the start of European trading.

Published 28 May, 2021 12:16am

Business & Finance

BoE's Vlieghe sees rates rising in 2022 if economy recovers

BoE's Vlieghe sees a first rate rise "well into" 2022.
Strong Q1 2022 labour data could bring hike soon after.
Sterling and bond yields rise after Vlieghe's remarks.

Published 27 May, 2021 06:41pm

Business & Finance

Sterling steadies below $1.42

LONDON: Britain’s pound held within recent ranges on Monday, trading just shy of $1.42 as analysts set their eyes...

Published 25 May, 2021 04:40am

Business & Finance

Bank of England aims for greener corporate bond portfolio

BoE to refocus corporate bond holdings on greener companies.
UK government asked BoE to support its net-zero carbon aims.
No immediate divestment planned, firms told to lower emissions.

Published 21 May, 2021 06:57pm

Markets

Bank of England plans to 'green' its corporate bond holdings

"The precise calibration of this approach will be developed in the coming months," Hauser said.

Published 21 May, 2021 02:01pm

Business & Finance

UK housing market will cool, but some heat will stay: BoE's Cunliffe

House prices rose in the 12 months to March by more than 10% in annual terms - the sharpest increase since August 2007 - spurred by demand for bigger homes as more people work from home, as well as the government's support measures, data showed.
House prices rose 5.7% across advanced economies during 2020, according to the Federal Reserve Bank of Dallas, the sharpest growth since 2007.

Published 20 May, 2021 07:36pm

Business & Finance

Sterling down against dollar

LONDON: Sterling turned slightly lower against a recovering dollar and hit its lowest in more than a week against ...

Updated 20 May, 2021 09:21am

Markets

UK inflation more than doubles to 1.5% in April

Core inflation, which excludes energy prices and other volatile items, rose by 1.3% in the 12 months to April, the Office for National Statistics said.

Published 19 May, 2021 11:27am

Business & Finance

BoE's Bailey sees no clear sign input prices are raising inflation

"We do hear those stories about input prices but we are not yet seeing strong evidence of passing-through into consumer prices," Bailey told lawmakers in Britain's parliament, echoing recent comments he has made about the inflation outlook.

Published 18 May, 2021 09:13pm

Business & Finance

Bank of England's Vlieghe says UK not facing an economic 'boom'

*Vlieghe reiterated BoE forecasts that inflation was likely to exceed its 2% target later this year, due to temporary bottlenecks and base effects, but stressed the BoE would look to the medium term when setting interest rates.

Published 17 May, 2021 09:47pm

Business & Finance

BoE's Bailey calls for fix to ‘dangerous gap’ in money market rules

"The dash for cash provided an unwelcome reminder that the post-financial crisis did not finish the job and left a dangerous gap in our exposure to the risk of financial instability," Bailey said in a speech to the International Swaps and Derivatives Association.

Published 12 May, 2021 07:41pm

Business & Finance

Bank of England does not see COVID bankruptcy wave

Many debts racked up recently by companies are spread over long durations "which increases the chances of them being able to be paid back and therefore bankruptcy is not picking up very much from current relatively subdued levels," Haldane said.

Published 07 May, 2021 05:36pm

Business & Finance

Dollar slips in Europe

LONDON: The dollar fell from a two-week high on Thursday as global market risk appetite improved, while traders...

Updated 07 May, 2021 10:01am

Business & Finance

Early trade in New York: Dollar falls to its lowest point in 3 days

NEW YORK: The dollar dropped to its lowest point in three days on Thursday as global market risk appetite improved,...

Updated 07 May, 2021 10:01am

Business & Finance

Sterling sags

LONDON: Sterling gave up earlier gains on Thursday, as the Bank of England predicted a sharper rebound in the ...

Updated 07 May, 2021 10:01am

Business & Finance

BoE sees stronger UK growth recovery in 2021

LONDON: The Bank of England said Thursday that the UK economy will enjoy a stronger-than-expected recovery this year...

Updated 07 May, 2021 10:01am

Markets

Dollar falls as risk appetite improves, sterling dips on BoE

Greenback at lowest in three days.
Aussie dollar falls overnight.
Canadian dollar at 3-1/2-year high.

Published 06 May, 2021 08:45pm

Markets

German bond yields edge lower, selling pressure on Italy

The Bank of England said on Thursday it would slow the pace of its bond-buying as it sharply increased its forecast for Britain's economic growth, without triggering much price action on the bloc's borrowing costs.
Strong domestic demand for consumer goods propelled a bigger than expected jump in German industrial orders in March , while eurozone retail sales rose by more than expected in March.

Published 06 May, 2021 06:28pm

World

Bank of England flags slower bond-buying as economy recovers

The BOE kept its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion), as expected by economists .
The pound and British two-year gilt yields fell after the announcement before recouping those falls.

Published 06 May, 2021 05:53pm

Markets

BoE set to hike UK growth forecast on Covid recovery

It has also predicted unemployment to average 6.5 percent this year.

Published 06 May, 2021 11:26am

Business & Finance

Sterling dips

LONDON: Sterling dipped against the dollar on Tuesday with potential volatility expected by analysts ahead of...

Published 05 May, 2021 04:01am

Markets

Sterling dips ahead of BoE meeting, Scottish elections

"Policy metrics will remain on hold with the need for on-going support maintained," said Stuart Cole, head macro economist at Equiti Capital.
The SNP has pledged to call for a second Scottish independence referendum, although permission to do so will need to be granted by the UK government in London.

Updated 04 May, 2021 08:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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