Trends - Pound Sterling - Business Recorder

Markets

State Bank of Pakistan conversion rates

KARACHI: Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates,...

Published 24 Apr, 2021 03:21am

Business & Finance

Sterling falls

LONDON: Sterling fell on Thursday, erasing the week’s gains against the dollar, as investors weighed up the ...

Updated 23 Apr, 2021 10:01am

Business & Finance

Sterling holds ground against dollar

LONDON: Sterling held its ground against the dollar on Wednesday as traders assumed a rise in inflation in March...

Updated 22 Apr, 2021 09:47am

Business & Finance

Sterling climbs against dollar

LONDON: Sterling hit its highest in more than six weeks against the dollar on Tuesday with the greenback’s...

Updated 21 Apr, 2021 10:06am

Markets

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 17 Apr, 2021 03:28am

Business & Finance

Sterling struggles

LONDON: The pound was steady on Thursday, edging up against the euro but struggling to regain momentum as market...

Updated 16 Apr, 2021 09:54am

Markets

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than...

Published 14 Apr, 2021 03:21am

Markets

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

Markets

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers

Published 10 Apr, 2021 04:34am

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

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

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

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

Business & Finance

Sterling slips against euro, dollar

LONDON: Sterling slipped on Tuesday and was on track for its worst day against the euro in five weeks as investors...

Updated 07 Apr, 2021 09:51am

Markets

Sterling slips after reaching two-week high versus dollar

Versus the dollar, sterling was 0.4% lower at $1.3854 at 0859 GMT, after earlier touching $1.3919, its highest since March 19.
Sterling had its best quarter since 2015 versus the euro, gaining around 4.8%.

Updated 06 Apr, 2021 07:29pm

Markets

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest by authorised dealers

Published 03 Apr, 2021 03:41am

Business & Finance

Sterling strengthens

LONDON: The pound strengthened against the euro and dollar on Thursday, crossing the key 0.85 level versus the euro...

Published 02 Apr, 2021 04:58am

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

Business & Finance

Sterling steadies below $1.38

LONDON: Sterling steadied near $1.38 against the dollar on Monday as a decline in concerns about Britain’s ...

Published 30 Mar, 2021 05:45am

Markets

Barclays bid rates and maximum rates for payment of interest

KARACHI: Barclays bid rates, maximum rates for payment of interest

Published 27 Mar, 2021 05:41am

Business & Finance

Sterling strengthens

LONDON: The pound strengthened on Friday, even after European leaders stepped up warnings about limiting vaccine...

Published 27 Mar, 2021 05:41am

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

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

Business & Finance

Sterling pares some losses

LONDON: Sterling cut some earlier losses on Wednesday after data showed a rush of new orders by businesses...

Published 25 Mar, 2021 05:08am

Business & Finance

Sterling slips to six-week low on EU vaccine tensions

LONDON: Sterling skidded to a six-week low against the dollar on Tuesday as the EU considers banning COVID-19 ...

Updated 24 Mar, 2021 10:10am

Business & Finance

Sterling falls to 6-day low against euro

LONDON: The pound slipped against the dollar on Monday and fell to its lowest in six days against the euro, as...

Updated 23 Mar, 2021 05:14pm

Business & Finance

Sterling slips against dollar

LONDON: The pound was a touch lower against the dollar and flat against the euro on Friday, with investors still...

Published 20 Mar, 2021 04:39am

Business & Finance

Sterling slips as BoE says recovery outlook still unclear

LONDON: Sterling slipped against the dollar and cut some of its earlier gains versus the euro on Thursday as the ...

Published 19 Mar, 2021 05:32am

Business & Finance

Sterling steadies against dollar, euro

LONDON: Sterling steadied against both the euro and the dollar on Wednesday after Britain’s dismissal of safety...

Published 18 Mar, 2021 03:56am

Business & Finance

Sterling rises against dollar, euro

LONDON: Sterling edged higher against the euro on Tuesday and erased its earlier losses against the dollar after...

Updated 17 Mar, 2021 09:41am