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Apr 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Sterling vs dollar

Sterling dips ahead of BoE meeting, Scottish elections

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
Sterling takes back seat to dollar ahead of Fed
Markets

Sterling takes back seat to dollar ahead of Fed

  • Sterling was 0.3% lower against the dollar at $1.3875. It was 0.1% lower to the euro at 86.99 pence.
  • "A bearish-dollar outcome of the Fed meeting today should provide an extra tailwind for cable to make another attempt at the $1.40 level later this week."
Published 28 Apr, 2021 05:33pm
Sterling begins new week buoyant, shrugs off political noise
Markets

Sterling begins new week buoyant, shrugs off political noise

  • Sterling was 0.15% higher on Monday at $1.3901 , off last week's top of $1.4009. Against the euro it was 0.2% higher at 86.92 pence.
  • Bank of England Deputy Governor Ben Broadbent has forecast consecutive quarters of rapid growth but also warned that inflation will prove less predictable
Published 26 Apr, 2021 08:46pm
Sterling rebounds
Business & Finance

Sterling rebounds

LONDON: Sterling rebounded on Friday from a sharp fall on Thursday, on track for a second week of gains against the...
Published 24 Apr, 2021 03:21am
Sterling rebounds on strong retail sales, PMIs
Markets

Sterling rebounds on strong retail sales, PMIs

  • Sales volumes leapt by 5.4% in March from February, the Office for National Statistics said. Economists polled by Reuters had expected an increase of 1.5%.
  • On top of retail sales, a survey showed a deluge of orders swept through British businesses in April as the country lifted some of its restrictions, pointing to a rapid rebound for the pandemic-hit economy.
Published 23 Apr, 2021 05:19pm
Sterling falls
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
Sterling recovers to hit one-week high vs dollar
Markets

Sterling recovers to hit one-week high vs dollar

  • The pound on Tuesday hit a six-week low against the euro and extended losses against the dollar after the announcement of Andrew Haldane's resignation.
  • It was 0.1% higher to the euro at 86.77 pence, off a six-week low of 87.11 pence after the Haldane announcement.
Published 14 Apr, 2021 08:47pm
Pound licks wounds as Haldane exit signals dovish tilt
Markets

Pound licks wounds as Haldane exit signals dovish tilt

  • While the reaction in currency markets was muted, with the pound holding close to the day's lows against its main rivals, Haldane's exit is widely seen as a departure of one of the more hawkish figures at the central bank.
  • Against the dollar, the British currency was down 0.1% at $1.3692, having touched its lowest since Feb. 5 at $1.3670 in the previous session.
Published 13 Apr, 2021 08:23pm
Sterling rises
Business & Finance

Sterling rises

LONDON: The pound rose on Monday as some UK lockdown measures were eased, recovering some of last week’s losses,...
Updated 13 Apr, 2021 09:29am
Sterling recovers as shops in England reopen
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
Sterling steadies
Business & Finance

Sterling steadies

LONDON: Sterling steadied on Friday, having touched a two-month low against the dollar in early London trading, and...
Published 10 Apr, 2021 04:34am
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
Business & Finance

Sterling steadies

LONDON: Sterling steadied against the dollar and euro on Thursday, recovering after a bruising bout of profit-taking...
Updated 09 Apr, 2021 09:19am
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 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