Trends - Sterling - Business Recorder

Sterling

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

Markets

Sterling regains lost ground after BoE negative rate talk

The Bank of England kept its main stimulus programmes on hold, as expected, and said that Britain's economy had performed better than expected.
It is clear that they are examining and lining up the tools they can deploy including more quantitative easing and negative rates if the economy diverges from their central scenario,

Published 17 Sep, 2020 09:19pm

Markets

Pound rises as rebellion against Brexit treaty breach grows

There is some optimism that opposition is growing to this bill and that the rebellion could increase in size.
While the country's unemployment rate rose to 4.1% in the three months to July, from 3.9%.

Published 15 Sep, 2020 08:20pm

Markets

Sterling rises before key Brexit vote; volatility hits 5-month highs

Lawmakers are due to debate and vote on the proposed bill, called the Internal Markets Bill, today.
"If the bill succeeds it ups the ante on a no-deal to 50:50," said Neil Jones, head of FX Sales at Mizuho.

Published 14 Sep, 2020 08:40pm

Markets

Sterling steady in calm before storm, Brexit talks in focus

Britain and the EU will hold emergency talks at 1200 GMT, in addition to ongoing negotiations this week.
Goldman Sachs expects "the perceived probability of a breakdown in negotiations to escalate over the coming weeks.

Published 10 Sep, 2020 06:03pm

Markets

Sterling hit as Johnson resurrects spectre of no-deal Brexit

Investors also hope the European Central Bank will follow the US Federal Reserve in signalling low interest rates over the medium to long term.

Published 08 Sep, 2020 01:04am

Markets

Pound sinks 1pc vs dollar on threat to Brexit divorce deal

The currency was down 1% at $1.3145, its lowest level since Aug. 26, while against the euro.
Leveraged funds were slightly long on the British currency, the latest CFTC data showed.

Published 07 Sep, 2020 05:46pm

Markets

Sterling loses out to rebounding dollar; no-deal Brexit fears rise

The dollar is set for its biggest weekly rise since April, in the wake of the US payrolls report.
The dollar rebound has pushed cable down, from its eight-month high of $1.3481 on Tuesday to as low as $1.3181 on Friday.

Updated 04 Sep, 2020 08:00pm

Markets

Sterling set for biggest weekly fall versus dollar since mid-June

The dollar is set for its biggest weekly rise since June, boosted by a wave of risk aversion in markets after Wall Street pulled back from recent tech-led gains.
The euro and the pound are both down about half a percent versus the dollar this week - the pound's biggest weekly fall since mid June.

Published 04 Sep, 2020 05:46pm

Markets

Sterling bucks recent trends, falling against euro and dollar

Having risen versus the weaker dollar throughout July and August, the pound fell as the dollar strengthened in the first days of September.
Sterling extended these losses against the dollar on Thursday, down around 0.5% on the day at $1.3284.

Published 03 Sep, 2020 09:12pm

Markets

Sterling drifts lower as BoE policymakers warn of deeper economic damage

The BoE said in August it expected Britain's economy to recover to its pre-COVID-19 size by the end of next year.
The BoE said last month negative rates are part of their monetary tool box but that it saw no immediate case to cut interests rates below zero.

Published 02 Sep, 2020 09:07pm

Markets

Sterling above $1.33 first time in 2020, hits 8-month high as dollar falls

Powell steered expectations of lower interest rates for longer as the central bank gets ready to accept an inflation above target after so many years of it undershooting 2%.
British business confidence has ticked up but remains far below usual levels as the economy struggles to cope with social distancing and employers are preparing to cut jobs.

Published 28 Aug, 2020 07:43pm

Markets

Sterling rises, shrugs off unexpected weaker August sales data

Sterling was last up 0.4% at $1.3122 versus the greenback.

Published 25 Aug, 2020 08:21pm

Markets

Sterling slips vs euro after scant progress in Brexit talks

Sterling rose 0.16% at $1.3111 against a weakening dollar , having fallen more than 1% on Friday.

Published 24 Aug, 2020 06:25pm

Markets

Sterling holds above $1.31 as dollar jumps after Fed minutes

The pound traded at $1.3127, up 0.2% on the day, at 1050 GMT, recovering from a session low of $1.3062 hit in early trade.
Against the euro, sterling fell 0.2% to 90.17 pence .

Published 20 Aug, 2020 05:35pm

Markets

Sterling unfazed by higher inflation, still driven by dollar

That was above all forecasts in a Reuters poll of economists that had pointed to an unchanged rate.

Published 19 Aug, 2020 03:44pm

Markets

Sterling set for bumpy ride as Brexit talks restart

UK-EU trade talks restart on Monday.
Analysts say sterling facing Brexit, economic woes.
HSBC sees pound back at $1.20 by December.

Published 17 Aug, 2020 11:18pm

Markets

Speculators less bearish on the pound for second week running

Haldane, who voted against expanding BoE stimulus in June, said that the central bank will continue to support the economy until recovery is well under way.

Published 17 Aug, 2020 05:50pm

Markets

Sterling strengthens as dollar weakens; flat against euro

Sterling was at $1.3081 at 0958 GMT, up 0.4pc since New York's close versus a weaker dollar. So far in August, it has been broadly in line with its pre-pandemic levels.

Published 13 Aug, 2020 05:16pm

Markets

Sterling holds above $1.30 as dollar weakness outweighs GDP slump

Sterling was steady at $1.3048, close to the five-month high of near $1.32 it rose to last week, and at 90.02 pence against the euro.

Updated 12 Aug, 2020 05:44pm

Markets

Sterling rises ahead of UK data; speculators' shorts decrease

The British currency rose 0.2pc $1.3053 at 0900 GMT on Monday against a slightly stronger dollar with investors also focusing on fiscal stimulus in the United States.

Published 10 Aug, 2020 04:40pm

Markets

Sterling nears 5-month high vs dollar amid impasse on US relief package

Sterling climbed back toward pre-pandemic highs and was advancing towards a five-month peak hit last week versus the greenback.

Published 05 Aug, 2020 05:45pm

Markets

Sterling benefits from dollar weakness but hurdles loom

"That downward pressure on the dollar is resuming partly because of the (Federal Reserve Bank's) response to the coronavirus."

Published 04 Aug, 2020 03:08pm

Markets

Sterling set for biggest monthly rise in more than a decade as dollar slides

The pound rose 0.5% to $1.3159, its highest level since early March. On a monthly basis, it is up nearly 6%, its biggest rise since May 2009, according to Refinitiv data.

Published 31 Jul, 2020 07:59pm

Markets

Sterling rises versus weaker euro; dips back below $1.30

The dollar fell while Powell was speaking, with the pound reaching $1.30 for the first time since early March, but the dollar recouped some recent losses early on Thursday.

Published 30 Jul, 2020 04:51pm

Markets

Sterling slips from 4-month highs on dlr bounce, Brexit talks

The EU says a deal needs to be done by October to allow time for ratification by the end of the year. Both sides have said the talks may be stalling.

Published 28 Jul, 2020 04:42pm

Markets

Sterling slips despite retail recovery; focus on Brexit talks

Retail sales recovered to almost pre-lockdown measures in June, with sales volumes exceeding all forecasts in a Reuters poll of economists.

Published 24 Jul, 2020 06:07pm

Markets

Sterling steady above $1.27 on last day of Brexit talks

Overnight implied volatility gauges showed traders were slightly nervous about possible emerging headlines on Thursday as levels inched to a one-month high of 8.85pc.

Published 23 Jul, 2020 04:57pm

Markets

Sterling edges lower as no-deal Brexit reports emerge

Sterling was trading down 0.6pc versus the dollar at $1.2653 on Wednesday and versus the euro it was 0.5pc lower at 91.04 pence.

Published 22 Jul, 2020 04:13pm

Markets

Sterling shrugs off economy, Brexit worries to hit six-week high

Aside from the EU recovery fund agreement, early data from trials of three potential COVID-19 vaccines, has been promising.

Published 21 Jul, 2020 03:50pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	278.40
USD PKR Interbank Buying / May 6	278.20
USD to Japanese Yen / May 6	154.45
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.26
Euro to USD / May 6	1.08

Stock	Volume
S&P 500 / May 6	5180.74
India Sensex / May 6	73895.54
Tokyo Nikkei / May 6	38616.50
Nasdaq / May 6	16349.25
Hang Seng / May 6	18511.78
FTSE 100 / May 6	8213.49
Dow Jones / May 6	38852.27
Germany DAX 30 / May 6	18175.21

Item	Value
Crude Oil USD/Barrel / May 6	78.67
Karachi Cotton PKR/37.32 KG / May 6	19935
Gold 10 Grams PKR / May 6	206190
Gold Spot USD/Ounce / May 6	2322.75
Cotton US¢/pound / May 6	77.75
Petrol/Litre / May 7	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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