Trends - Sterling - Business Recorder

Sterling

Sterling falls; speculative longs hit 10-month highs

LONDON: The pound fell on Monday as rising COVID-19 cases hurt global risk appetite, but futures data showed the...

Published 19 Jan, 2021 04:22am

Markets

Sterling falls; speculative longs hit 10-month highs

The pound was at $1.3572, down 0.1% against the dollar since the previous session's New York close.

Updated 18 Jan, 2021 11:09pm

Markets

Dollar pokes higher as US soft data sours mood; China GDP in focus

The worldwide coronavirus death toll surpassed 2 million on Friday and the World Health Organization has warned the worst could be ahead.

Published 18 Jan, 2021 12:08pm

Markets

Pound knocked by sour market mood, but set for weekly gain

Sterling was still on track for its best week against the euro since early April.
the pound touched an almost two-month high against the euro, after data showed Britain's economy shrank 2.6% in November.

Published 15 Jan, 2021 09:13pm

Business & Finance

U.S. yields climb further, Brent at 11-month high

The 10-year U.S. yield touched its highest going back to March as prices were pressured ahead of a $38 billion offering later from the Treasury.

Published 13 Jan, 2021 12:00am

Markets

Sterling recovers ground against dollar, eyes on BoE's Broadbent speech

The BoE's deputy governor Ben Broadbent is due to give a speech on COVID and consumer spending at 1000 GMT.

Published 12 Jan, 2021 02:12pm

Markets

Pound climbs against weaker euro, gains seen as temporary

Markets are pricing sub-zero rates from Britain's central bank as early as May 2021.
Euro-sterling remains above the 0.90 (pence) level as the build-up of rate cut expectations (following the third lockdown) offsets the positive effect of the UK-EU trade deal

Published 08 Jan, 2021 09:34pm

Markets

Dollar bounces off 2018 lows on economic outlook, euro profit-taking

The dollar index, which measures the U.S. currency against a basket of peers, rose 0.581pc at 89.835 after rising as high as 89.979 with the euro down 0.45pc to $1.2269.

Published 08 Jan, 2021 12:24am

Markets

Sterling stutters as UK negative rates speculation swirls

Against the euro it was up 0.1%, last at 90.46 pence per euro.

Published 07 Jan, 2021 09:45pm

Markets

Sterling stutters as UK negative rates speculation swirls

Sterling was broadly flat against the dollar, trading around the $1.36 mark. It climbed above $1.37 for the first time since May 2018 on Monday.

Published 07 Jan, 2021 04:48pm

Markets

Sterling slips

LONDON: Sterling fell on Wednesday as the US dollar bounced off earlier lows after the Democrats took the lead in...

Published 07 Jan, 2021 03:15am

Markets

Sterling struggles to regain 2-1/2-year peak as new lockdown weighs

Prime Minister Boris Johnson ordered England into another national lockdown to contain a surge in COVID-19 cases.
The expected hit to the economy heaped expectations on the Bank of England to announce more policy easing.

Published 05 Jan, 2021 08:37pm

Markets

Dollar gets respite as virus surge, Georgia runoffs curb risk sentiment

The euro was steady at $1.22535 after reaching $1.231 on Monday for the first time since April 2018.

Published 05 Jan, 2021 10:41am

Markets

Sterling weakens against euro as UK lockdown fears outweigh Brexit deal relief

Sterling did strengthen against the dollar, even briefly breaking above $1.37 for the first time since 2018 in early London trading.
The pound was up 0.2% versus the dollar, at $1.3695, continuing the trajectory which saw it gain 2.5% in December.

Published 04 Jan, 2021 05:59pm

Markets

Sterling shines as no-deal Brexit averted after tumultuous 2020

FTSE 100 index slid 1.0 percent in holiday-shortened late morning deals as the strong pound weighed on multinationals earning in dollars.

Published 31 Dec, 2020 06:17pm

Markets

Sterling extends gains, markets mixed as traders see out 2020

Sterling, in response to the upbeat news, rallied Wednesday and built on the gains in Asian trade, sitting at levels not seen since May 2018.

Published 31 Dec, 2020 09:16am

Markets

Euro cruises higher as dollar skids again

Bitcoin slipped 2.4% to $26,367, continuing its retreat from the all-time high of $28,377.94 it had set on Sunday.

Published 29 Dec, 2020 03:51pm

World

A Brexit trade deal at last: EU and UK clinch narrow accord

“Deal is done,” a Downing Street source said. “We have taken back control of our money, borders, laws, trade, and our fishing waters.”

Published 24 Dec, 2020 08:02pm

Markets

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

The currency has strengthened some 1.5% versus the dollar.
It is now around $1.3580, up 0.7% on the day, having briefly risen past $1.36 and heading towards the 2-1/2 year high of $1.3625 hit last week.

Published 24 Dec, 2020 05:27pm

Markets

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

"We are overweight UK domestic equities and slightly overweight sterling," analysts at Candriam told clients.

Published 24 Dec, 2020 01:54pm

Markets

Sterling, equities rise as Brexit talks reach endgame

Analysts said politicians were unlikely to let the agreement fall apart and there was a chance they would make improvements to it.

Published 24 Dec, 2020 09:04am

Markets

Sterling gains, dollar on back foot amid hopes Brexit deal imminent

The Brexit headlines overshadowed US President Donald Trump's demand for changes to a coronavirus aid bill, effectively threatening a government shutdown next week.

Published 24 Dec, 2020 08:54am

Markets

Pound jumps above $1.35 as Brexit deal said to be in sight

The pound which had earlier firmed on the lifting of a French border blockage extended gains to trade up 1%.
Euro zone government bond yields rose after the report with Germany's 10-year yield up 5 bps.

Published 23 Dec, 2020 07:33pm

Markets

Arabica coffee falls as new COVID-19 strain sinks markets

The dollar surged versus most currencies, making dollar-priced soft commodities costlier for non US investors early in the day but shifted course, driving the sugar and cocoa markets.

Published 22 Dec, 2020 10:58am

Markets

Dollar whipsaws as virus mutation rattles traders

Experts said there was no evidence that vaccines would not protect against the new virus variant, but Britain's chief scientific adviser said that in the meantime tighter restrictions on public life in Britain were likely.

Published 22 Dec, 2020 10:27am

Markets

U.S. dollar rises versus most currencies on new virus strain

The dollar index hit a 10-day high earlier in the session, but then turned lower on the day.

Published 22 Dec, 2020 02:02am

Markets

UK 2-year gilt yield hits record low after new COVID crackdown

The yield on two-year gilts - which is sensitive to speculation about Bank of England interest rates - fell as low as -0.161% before recovering to -0.138% at 1017 GMT, down about six basis points on the day.

Published 21 Dec, 2020 03:54pm

Markets

Dollar climbs, sterling sinks as coronavirus lockdowns stoke haven demand

Even so, the mood could shift quickly, NAB's Catril warned, forecasting that the pound could climb to $1.50 next year if a last-minute Brexit agreement gets done.

Published 21 Dec, 2020 10:17am

Markets

Sterling drops as EU's Barnier says just hours left for Brexit deal

The pound hit 2-1/2 yeah highs above $1.36 on Thursday, but Friday's trading session served as a reminder that a deal is far from guaranteed.

Published 18 Dec, 2020 04:56pm

Markets

Sterling builds on 2-1/2 year high on Brexit deal hopes, BoE keeps policy unchanged

With just two weeks left to the end of the Brexit transition period on Dec. 31, sterling has gained about 2% against the dollar this month.
The pound extended gains on Thursday to $1.3601, up 0.7% against the dollar.

Published 18 Dec, 2020 12:50am

Gainers
Losers
Leaders

Stock	Price
B.R.R. Mod. (R) / Jan 19 B.R.R. Guardian Modaraba (R)(BRRR)	3.54 ▲ 2.17 (39.37%)
Dawood Equities / Jan 19 Dawood Equities Limited(DEL)	7.56 ▲ 1.21 (15.24%)
Popular Islamic Mod. / Jan 19 Popular Islamic Modaraba(PIM)	7.70 ▲ 1.70 (10.95%)
Saudi Pak Leas. / Jan 19 Saudi Pak Leasing Company Limited(SPLC)	1.75 ▲ 0.18 (9.37%)
Al-Mali / Jan 19 Modaraba Al-Mali(MODAM)	5.79 ▲ 1.49 (9.25%)
B.R.R. Mod. / Jan 19 B.R.R. Guardian Modaraba(BRR)	13.50 ▲ 2.30 (8.00%)
Janana D Mal / Jan 19 Janana De Malucho Textile Mills Limited(JDMT)	75.40 ▲ 5.26 (7.50%)
Khurshid Spinng / Jan 19 Khurshid Spinning Mills Limited(KHSM)	19.79 ▲ 1.38 (7.50%)
Dadex Eternit / Jan 19 Dadex Eternit Limited(DADX)	42.20 ▲ 2.94 (7.49%)
Nagina Cot. / Jan 19 Nagina Cotton Mills Limited(NAGC)	61.82 ▲ 8.92 (7.49%)

Stock	Price
Unicap Mod. / Jan 19 Unicap Modaraba(UCAPM)	1.11 ▼ 0.35 (-13.28%)
Shahmurad / Jan 19 Shahmurad Sugar Mills Limited(SHSML)	97.15 ▼ 12.83 (-12.40%)
Ashfaq Textile / Jan 19 Ashfaq Textile Mills Limited(ASHT)	9.66 ▼ 0.00 (-9.38%)
Shadman Cotton / Jan 19 Shadman Cotton Mills Limited(SHCM)	21.18 ▼ 0.00 (-7.47%)
Wyeth Pakistan / Jan 19 Wyeth Pakistan Limited(WYETH)	945.00 ▼ 16.63 (-7.00%)
First Elite Cap. Mod. / Jan 19 First Elite Capital Modaraba(FECM)	3.01 ▼ 0.31 (-5.35%)
PICIC Insurance / Jan 19 PICIC Insurance Limited(PIL)	1.42 ▼ 0.00 (-5.33%)
First Credit & Inv. / Jan 19 First Credit and Investment Bank Limited(FCIBL)	9.05 ▼ 0.35 (-5.24%)
S. S. Oil / Jan 19 S.S.Oil Mills Limited(SSOM)	93.25 ▼ 0.00 (-4.81%)
Jauharabad Sug. / Jan 19 Jauharabad Sugar Mills Limited(JSML)	25.56 ▼ 1.00 (-4.80%)

Stock	Volume
TRG Pak. / Jan 19 TRG Pakistan Limited(TRG)	47,593,500 ▼ 10.51
Fauji Foods / Jan 19 Fauji Foods Limited(FFL)	44,616,500 ▼ 1.46
K-Electric Ltd / Jan 19 K-Electric Limited(KEL)	33,013,500 ▼ 0.07
Hum Network / Jan 19 Hum Network Limited(HUMNL)	23,691,500 ▼ 0.35
Unity Foods / Jan 19 Unity Foods Limited(UNITY)	21,084,818 ▼ 1.04
Jahangir Sid. Co. / Jan 19 Jahangir Siddiqui & Co. Ltd.(JSCL)	20,909,000 ▼ 1.68
Pakistan Refinery / Jan 19 Pakistan Refinery Limited(PRL)	18,531,000 ▼ 0.32
Worldcall / Jan 19 Worldcall Telecom Limited(WTL)	18,273,500 ▼ 0.07
Kot Addu / Jan 19 Kot Addu Power Company Limited(KAPCO)	16,004,500 ▼ 1.26
Faysal Bank / Jan 19 Faysal Bank Limited(FABL)	15,356,500 ▼ 1.82

Markets →

Forex
World
Econ

Currency	Rate
USD PKR Interbank Selling / Jan 19	160.55
USD PKR Interbank Buying / Jan 19	160.45
USD to Japanese Yen / Jan 19	103.68
USD to Swiss Franc / Jan 19	0.89
Pound Sterling to USD / Jan 19	1.36
Euro to USD / Jan 19	1.21

Stock	Volume
S&P 500 / Jan 19	3768.25
India Sensex / Jan 19	48564.27
Tokyo Nikkei / Jan 19	28242.21
Nasdaq / Jan 19	12998.50
Hang Seng / Jan 19	28862.77
FTSE 100 / Jan 19	6720.65
Dow Jones / Jan 19	30814.26
Germany DAX 30 / Jan 19	13848.35
France CAC40 / Jan 19	5617.27

Indicator	Value
UK LIBOR % / Jan 19	0.09

Sterling

Sterling falls; speculative longs hit 10-month highs

Sterling falls; speculative longs hit 10-month highs

Dollar pokes higher as US soft data sours mood; China GDP in focus

Pound knocked by sour market mood, but set for weekly gain

U.S. yields climb further, Brent at 11-month high

Sterling recovers ground against dollar, eyes on BoE's Broadbent speech

Pound climbs against weaker euro, gains seen as temporary

Dollar bounces off 2018 lows on economic outlook, euro profit-taking

Sterling stutters as UK negative rates speculation swirls

Sterling stutters as UK negative rates speculation swirls

Sterling slips

Sterling struggles to regain 2-1/2-year peak as new lockdown weighs

Dollar gets respite as virus surge, Georgia runoffs curb risk sentiment

Sterling weakens against euro as UK lockdown fears outweigh Brexit deal relief

Sterling shines as no-deal Brexit averted after tumultuous 2020

Sterling extends gains, markets mixed as traders see out 2020

Euro cruises higher as dollar skids again

A Brexit trade deal at last: EU and UK clinch narrow accord

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

Sterling awaits Brexit deal confirmation, approaches 2-1/2-year high

Sterling, equities rise as Brexit talks reach endgame

Sterling gains, dollar on back foot amid hopes Brexit deal imminent

Pound jumps above $1.35 as Brexit deal said to be in sight

Arabica coffee falls as new COVID-19 strain sinks markets

Dollar whipsaws as virus mutation rattles traders

U.S. dollar rises versus most currencies on new virus strain

UK 2-year gilt yield hits record low after new COVID crackdown

Dollar climbs, sterling sinks as coronavirus lockdowns stoke haven demand

Sterling drops as EU's Barnier says just hours left for Brexit deal

Sterling builds on 2-1/2 year high on Brexit deal hopes, BoE keeps policy unchanged

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