Trends - Sterling - Business Recorder

Sterling

Sterling rallies on vaccine and Brexit deal optimism

The British currency rose 0.7pc to as high as $1.3382, while against the euro it rose more than half a percent to 88.75 pence, a near two-week high.

Published 23 Nov, 2020 06:02pm

Markets

Sterling edges higher on renewed Brexit deal hopes

Britain left the EU in January and it is in talks with the bloc on a future trading relationship, as a transition period ends on 31 December.

Published 20 Nov, 2020 04:38pm

Markets

Sterling pushed up by weaker US dollar, hopes of Brexit deal

The EU's Trade Commissioner Valdis Dombrovskis said on Wednesday that Britain and the bloc were in the last moments to reach a trade deal.
British inflation picked up by a little more than expected in October, pushed higher by prices for clothing and footwear and food.

Published 18 Nov, 2020 09:17pm

Markets

Sterling edges higher as traders focus on drawn-out Brexit talks

Britain's chief negotiator David Frost has told Prime Minister Boris Johnson to expect a Brussels trade deal "early next week".
Brexit still threatens to be a highly disruptive event to trade, supply chains and the workings of the UK's financial services sector.

Published 17 Nov, 2020 05:34pm

Markets

Sterling edges down; Brexit negotiations in focus

The mood in markets was lifted by stronger-than-expected Chinese factory output and news that Moderna Inc said its experimental vaccine was 94.5% effective.
Broadly speaking, the risk-positive aspect of major markets is still there and I think that's going to help to support sterling.

Published 16 Nov, 2020 06:50pm

Markets

Sterling slips as Britain's economy struggles to maintain recovery

The impact of the number was all the heavier because the period measured was before the latest restrictions on businesses took effect.
GDP figures showed that in the July-September quarter, the economy grew by a record 15.5% from the previous three months.

Updated 12 Nov, 2020 06:17pm

Markets

Sterling gains 1pc vs euro on Brexit, vaccine hopes

Sterling also got a boost from hopes that Britain could clinch a post-Brexit trade agreement with the European Union by the end of the year.
Sterling also extended gains versus the US dollar, trading last up 0.7% on the day at $1.3257.

Published 10 Nov, 2020 05:46pm

Markets

Sterling falls as Europe's COVID-19 resurgence limits risk appetite

Euro zone shares fell and London's FTSE 100 dropped to its lowest level in six months. The dollar index rose around half a percent as investors sought safety.
The EU's chief negotiator, Michel Barnier, is in London for negotiations, after which the talks will continue in Brussels.

Published 28 Oct, 2020 06:15pm

Markets

Sterling edges up vs euro on Brexit optimism; short positions reduced

The dollar strengthened, equities fell, and markets were broadly risk-off. Analysts cited new lockdowns in Europe and record-high daily virus cases in the United States.
Right now there's a bit of optimism creeping in from the weekend developments - the extension of the talks until Wednesday,

Published 26 Oct, 2020 05:50pm

Markets

Sterling slips after UK PMI slowdown, still up on the week

The pound gave up some recent gains after an early flash PMI reading - a gauge of private sector growth.
Britain's economic recovery from the COVID-19 shock was already beginning to falter in August.

Published 23 Oct, 2020 06:30pm

Markets

Sterling jumps nearly 1 percent as Barnier strikes more upbeat tone

The British currency rose 0.6% against the euro, to 90.80 pence.

Published 21 Oct, 2020 06:42pm

Business & Finance

Sterling recovers after Johnson's no-deal Brexit talk

"Euro-sterling is still under 0.91 - sterling's not in free-fall here by any stretch of the imagination," he said.

Published 16 Oct, 2020 08:23pm

Markets

Sterling edges up ahead of UK decision on Brexit negotiations

He said that the negotiations will probably continue, because the UK's cut-off deadline was self-imposed.

Published 16 Oct, 2020 04:28pm

Markets

Sterling falls as EU leaders press for elusive Brexit trade deal

Although volatility has risen, sterling has not seen the plunges in value that it suffered in 2018 and 2019 before previous Brexit deal deadlines.

Published 15 Oct, 2020 04:56pm

Markets

Sterling bounces on hope of further Brexit talks

Sterling's implied volatility gauges soared to a seven-month high of more than 13pc indicating investors were prepared for unexpected moves in the British currency in the next hours.

Published 14 Oct, 2020 05:57pm

Markets

Sterling holds above $1.30 ahead of new lockdown measures

Sterling was down 0.2pc at $1.3022 at 0838 GMT, not far from the one-month high it touched on Friday.

Published 12 Oct, 2020 03:57pm

Markets

Sterling edges up against dollar but falls versus euro; Brexit talks in focus

The data had limited impact on the pound, which was in its third consecutive day of gains against the dollar and only slightly down versus the euro.

Published 09 Oct, 2020 04:40pm

Markets

Sterling stabilises; Brexit 'mood music' brightens

The pound inched up towards $1.30 in early session, before giving back some of those gains.

Published 08 Oct, 2020 04:44pm

Markets

Sterling holds up against stronger dollar, supported by Brexit hopes

Sterling was up 0.5% in early trade at $1.2929 against the dollar, not far from the almost three-week high of $1.3007 it touched on Tuesday.

Published 07 Oct, 2020 05:44pm

Markets

Sterling charges higher on dollar weakness, trade deal hopes

Sterling was up 0.5pc in early trade at $1.2929 against the dollar, before giving up some of those gains to trade 0.2pc higher at $1.2890 by 0924 GMT.

Published 07 Oct, 2020 04:28pm

Markets

Sterling tops $1.30 as investors push back negative rate expectations

The pound gained 0.3pc in early trading to touch $1.3006, the first time it had broken the mark since mid-September, before giving up its gains. It was last down 0.1pc at $1.2962.

Published 06 Oct, 2020 04:34pm

Markets

Sterling slightly weaker vs euro, focus remains on Brexit

Johnson does not want the Brexit transition to end without a new trade deal in place, he said on Sunday, but he believes Britain could live with such an outcome.

Published 05 Oct, 2020 04:42pm

Markets

Sterling opens higher as UK, EU continue Brexit talks

Significant issues remain between Britain and the EU Union about their post-Brexit trade relationship, British housing minister Robert Jenrick said on Friday.

Published 02 Oct, 2020 06:47pm

Markets

Sterling extends losses as EU launches legal case against UK

The EU on Thursday launched a legal case against Britain over its new Internal Market Bill that undercuts London's earlier legal commitments under its Brexit divorce treaty.

Published 01 Oct, 2020 03:10pm

Markets

Sterling falls after Brexit bill opposed by EU passes UK parliament

Sterling's decline was small; the bill's passage was expected and market participants have increased their expectations of a Brexit deal.

Published 30 Sep, 2020 04:29pm

Markets

Sterling gains on more stimulus hopes after Sunak scales back job support

Versus the dollar, sterling was up 0.3pc at $1.2784 by 0823 GMT, after hitting a two-month low of $1.2676 on Wednesday.

Published 25 Sep, 2020 04:19pm

Markets

Sterling edges higher ahead of Sunak's speech

Sunak, who announced on Wednesday that he would not now set out a full budget later this year, was expected to unveil a lifeline to some furloughed workers in a speech around 1045 GMT.

Published 24 Sep, 2020 03:13pm

Markets

Sterling extends losses after new COVID-19 restrictions

The pound fell on the news, dipping below its 200-day moving average overnight, with losses compounded by a bounceback in the dollar.

Published 23 Sep, 2020 04:00pm

Markets

Sterling reverses losses after falling to two-month low

Sterling recovered as much as 0.08pc to $1.2826 against the dollar at 0840 GMT, after sliding as low as 1.2714 earlier on Tuesday, its lowest since July 23.

Published 22 Sep, 2020 03:46pm

Markets

Sterling edges lower amid second national lockdown threat

The pound was down 0.3pc against the dollar at $1.2876 by 0805 GMT and down 0.15pc versus the euro at 0.9182.

Published 21 Sep, 2020 03:49pm

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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