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Pound Sterling

Sterling recovers as shops in England reopen

Sterling recovers as shops in England reopen

  • The pound was at 86.68 pence per euro, up 0.2% on the day but still weaker than when it hit a one-year high of 84.720 this time last week.
  • Against the dollar, the pound was up around 0.3% at $1.3746 .
Published 12 Apr, 2021 08:40pm
Sterling stabilises, set for biggest weekly fall versus euro since Sept
Markets

Sterling stabilises, set for biggest weekly fall versus euro since Sept

  • The pound had its best quarter against the euro since 2015 in the first three months of 2021, boosted by the UK's vaccine rollout, which is one of the fastest in the world, as well as a fading of negative interest rate expectations.
  • Versus the dollar, the pound was down 0.1% at $1.3723, and also on track for a weekly loss.
Published 09 Apr, 2021 05:58pm
Sterling steadies vs dollar, euro after profit-taking knock
Markets

Sterling steadies vs dollar, euro after profit-taking knock

  • The pound fell 1.2% against the dollar and 1.7% against the euro between Tuesday and Wednesday as investors took cash off the table after a strong first quarter for the British currency.
  • Sterling's pullback was "exaggerated," ING analysts wrote, adding that they were "constructive" on the pound, citing Britain's relatively fast COVID-19 vaccine programme.
Published 08 Apr, 2021 08:52pm
Sterling sinks
Business & Finance

Sterling sinks

LONDON: Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency...
Updated 08 Apr, 2021 09:06am
Sterling sinks to 5-week low vs. euro, one-week low vs dollar
Markets

Sterling sinks to 5-week low vs. euro, one-week low vs dollar

  • The pound fell on Tuesday, losing 0.6% against the dollar and over 1% against the euro - its worst day against the single currency in five weeks as investors took cash off the table.
  • Against the euro, it traded 0.7% lower to the euro at 86.50 pence, having hit a five-week low of 86.62 pence.
Published 07 Apr, 2021 08:36pm
Sterling moves up
Business & Finance

Sterling moves up

LONDON: Sterling rose against the dollar and the euro on Wednesday as traders looked past economic data in Britain...
Published 01 Apr, 2021 04:10am
Sterling strengthens, helped by UK vaccine rollout and better retail sales
Markets

Sterling strengthens, helped by UK vaccine rollout and better retail sales

  • Sterling's gains versus the euro this year have been largely due to Britain's faster vaccine rollout, relative to Europe, analysts say, meaning that the EU-UK vaccine row could affect euro-sterling.
  • Brussels and London sought to cool tension on Wednesday, declaring they were working "to create a win-win situation and expand vaccine supply for all our citizens".
Published 26 Mar, 2021 08:23pm
Sterling steadies
Business & Finance

Sterling steadies

LONDON: Sterling steadied against the dollar and euro on Thursday after two consecutive days of losses prompted by...
Updated 26 Mar, 2021 09:25am
Sterling reaches two-week high vs euro on BoE governor's cautious optimism
Markets

Sterling reaches two-week high vs euro on BoE governor's cautious optimism

  • More than 22 million people have had the first dose of a COVID-19 vaccine in the UK. Traders expect the swift inoculation programme will help the economy rebound from its biggest contraction in 300 years.
  • In early London trading, the pound rose to a two-week high against the euro at 85.57 pence. It was flat at 85.76 pence at 1227 GMT.
Updated 09 Mar, 2021 09:33pm