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BoE

BoE interest rate dilemma keeps sterling under pressure

LONDON: The pound edged lower on Tuesday, hovering around a three-week low, pressured by uncertainty about whether...

Published 03 Nov, 2021 03:54am

Markets

Commodity currencies at multi-month highs, sterling firm on BoE rate hike bets

TOKYO: Commodity currencies stood near multi-month highs on Thursday on strong raw material prices, while the...

Published 21 Oct, 2021 10:55am

Business & Finance

BoE hike expectations push sterling to 2-week high

LONDON: Sterling hit a two-week high on Thursday, adding to the previous session’s gains, as traders focused on...

Published 15 Oct, 2021 04:08am

Markets

Pound pinned near 2-week highs after UK jobs data leaves rate bets intact

LONDON: Sterling held near a two-week high against the dollar on Tuesday as UK jobs data came in largely in line ...

Published 12 Oct, 2021 08:41pm

Markets

FTSE 100 gains on oil, mining stock boost; Asos drops on profit warning

Asos tumbles on 2022 profit warning; CEO steps down
BoE hints at "significantly earlier" rate hikes
Oil stocks jump to March 2020 highs
FTSE 100 up 0.7%, FTSE 250 off 0.2%

Updated 11 Oct, 2021 09:27pm

Business & Finance

UK-German yield spread widest since Brexit vote on BoE rate bets

LONDON: The difference in yield between British government bonds and equivalent German debt hit its widest since the...

Published 11 Oct, 2021 04:32am

Business & Finance

Bank of England targets 'failures' in banks' trading books

"The PRA considers this lack of capabilities to be a market failure, posing risks to the PRA's safety and soundness objective, and has therefore decided to clarify its expectations in this area," says BoE

Updated 08 Oct, 2021 05:50pm

Markets

Miners, banks pull FTSE 100 to two-month low

LONDON: London's FTSE 100 ended at a two-month low on Monday, dragged down by heavyweight miners and banking stocks,...

Published 21 Sep, 2021 04:10am

Business & Finance

Sterling at 1-week high as BoE rate hike bets rise

LONDON: Sterling was at a one-week high against the dollar on Friday, shrugging off Britain’s weak economic data ...

Published 11 Sep, 2021 03:36am

Markets

Sterling at 1-week high as BoE rate hike bets rise

The BoE is expected to raise borrowing costs by end-2022 or even earlier if inflation remains high and economic recovery from the pandemic continues

Updated 10 Sep, 2021 06:33pm

Markets

Sterling edges lower after BoE warns some asset prices look stretched

Sterling eased 0.2% to $1.3861 against the dollar by 0850 GMT, after jumping to a two-week high on Monday.

Published 13 Jul, 2021 02:22pm

World

UK financial regulators to push top firms on diversity

LONDON: Britain’s financial regulators on Wednesday announced plans to press for more diversity within the...

Published 08 Jul, 2021 04:22am

Markets

US, European stocks mixed before weekend

The Dow Jones index also showed a gain of 0.4 percent in early New York trading.

Published 25 Jun, 2021 07:12pm

Markets

European equities run out of steam before weekend

London stocks edged 0.2 percent higher near midday, while Frankfurt and Paris each dropped about 0.2 percent in eurozone early afternoon deals.

Published 25 Jun, 2021 04:58pm

Markets

Bank of England takes action against Euroclear for settlement outage

Brussels-based Euroclear said it had kept the regulator

Published 25 Jun, 2021 12:23pm

Business & Finance

Bank of England sees inflation peaking at over 3pc before falling back

The BoE's nine monetary policymakers voted 8-1 to keep its government bond-buying programme at 875 billion pounds ($1.22 trillion). They voted 9-0 in favour of keeping its corporate bond programme at 20 billion pounds.

Published 24 Jun, 2021 04:46pm

Markets

Sterling trades below 2-1/2 month high against euro, eyes on BoE meeting

Inflation pressures faced by British firms hit record levels this month, and growth in the private sector cooled only slightly from an all-time high in May when coronavirus restrictions were lifted.

Published 23 Jun, 2021 06:04pm

Markets

Sterling shoots up 0.9% after falling overnight below $1.38

The pound rose 0.9% versus a weakening dollar to $1.3910, after falling to $1.3786, its lowest of since April 16.
Currency markets are fully pricing in a 30 basis point hike in rates by the BoE by December 2022.

Published 21 Jun, 2021 08:08pm

Markets

Sterling takes British reopening delay in its stride

Pound down 0.1% vs dlr and 0.2% vs euro in quiet session.
Reopening delay largely expected after rise in coronavirus case.

Published 14 Jun, 2021 05:33pm

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

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

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

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

Markets

Sterling falls versus the dollar as investors await BoE

Sterling falls 0.7% vs dollar, 0.1% against euro.
BoE meeting on May 6 in focus.

Published 30 Apr, 2021 08:31pm

Markets

Glencore keeps full-year production guidance unchanged

Its copper production stood at 301,200 tonnes in the first quarter, but zinc fell 13,000 tonnes year-on-year to 282,600 tonnes and nickel was down 11% at 25,200 tonnes.

Published 29 Apr, 2021 12:14pm

Business & Finance

Sterling rises against dollar

LONDON: Sterling hit a one-week high against the dollar on Wednesday, supported by the speed of Britain’s vaccine...

Updated 15 Apr, 2021 10:07am

Business & Finance

Sterling falls

LONDON: The British pound held near a two-month low against the dollar and nursed losses against the euro on Tuesday...

Updated 14 Apr, 2021 10:11am

Business & Finance

BoE's Tenreyro says removing policy support too early could be costly

"One lesson that we learned from the financial crisis is that withdrawing policy support too early can be very costly," Tenreyro said in an online discussion hosted by Swedish think tank SNS.
"Withdrawing it too early ... can lead to scarring effects on the labour market that would be very costly and slow down growth going forward," she added.

Published 12 Apr, 2021 09:03pm

Business & Finance

UK appoints former Bank of Canada deputy Wilkins to BoE role

"Carolyn has a respected track record built over 20 years at the Bank of Canada and her extensive experience in international financial regulation will be a real asset to the FPC," British finance minister Rishi Sunak said.
The FPC sets capital ratios for British banks and insurers and regulates aspects of mortgage lending, as well as broader financial risks. Its remit does not extend to monetary policy or financial misconduct.

Published 08 Apr, 2021 06:59pm

Business & Finance

UK economy to hit pre-pandemic level late 2021: BoE

The pandemic sparked a 10-percent slump of UK economic output last year -- the worst annual performance in more than three centuries.

Published 15 Mar, 2021 06:11pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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