Trends - Sterling - Business Recorder

Sterling

Sterling clings to 3-week highs, unfazed by Sunak's new economic plan

Sterling's unfazed reaction to Sunak's fiscal stimulus measures is in part due to the rally seen in the pound during yesterday's session.
Sunak also temporarily scrapped a property tax on purchases of homes costing up to 500,000 pounds.

Published 08 Jul, 2020 06:30pm

Markets

Sterling rises to three-week highs on news of Brexit talks dinner

I think there is a little bit of optimism today for the dinner that is taking place tonight at 10 Downing Street.
"The market is looking at what is going to give a boost in the next six months... but I think it's mostly flow driven and volumes that are not really heavy."

Published 07 Jul, 2020 08:21pm

Markets

Sterling heads for first weekly win against dollar in four

"The more consolidative tone of the pound is likely related to the fact that it is the worst performing G10 currency on a 1 month view - investors are likely pausing and evaluating new news."
Brexit talks this week between Britain and the EU ended early on Thursday, with a meeting between the chief negotiators on Friday cancelled.

Published 03 Jul, 2020 08:46pm

Markets

Sterling driven by weaker dollar; investors eye month-end for trade deal

This month is crucial for sterling as by the end, it should become clear whether Britain will walk away with a deal or not.
"If there's not movement by the week of 20th or the week of 27th, that may be the second wave of selling in sterling," Gallo said.

Published 02 Jul, 2020 07:59pm

Markets

Grim data keeps euro, sterling under pressure

Euro zone inflation remains weak.
UK posts worst quarter since 1979.
Weak sentiment amid pandemic worries.

Published 30 Jun, 2020 06:57pm

Markets

Sterling falls 0.8pc to one-month lows, Brexit key summer risk

Little progress has been made in agreeing Britain's future trading relationship with the bloc.
The pound was down 0.6% on the day against the euro at 1450 GMT at 90.87 pence, its lowest level against the single currency since March 26. Versus the dollar

Published 26 Jun, 2020 08:34pm

Markets

Sterling falls as dollar recovers, Brexit concerns weigh

British Prime Minister Boris Johnson unveiled on Tuesday a significant easing of the coronavirus lockdown in England.
"(Lifting the UK lockdown) does not alter the key GBP driving factor - the uncertainty about the UK-EU trade deal," ING strategists w

Published 24 Jun, 2020 05:59pm

Markets

Sterling edges higher on weaker dollar, Brexit hopes

Gains against the euro, however, were slashed after British industrial output recorded its biggest quarterly fall on record during the three months to June.
The pound was last up 0.3% at $1.2386, having fallen earlier to $1.2337, its lowest since Jun

Published 22 Jun, 2020 05:42pm

Markets

Sterling dips as eyes turn to Bank of England meeting

The BoE, which meets on Thursday, is expected to build up its war-chest for fighting the crisis by announcing an increase of at least 100 billion pounds ($125 billion) in its bond-buying programme.

Published 18 Jun, 2020 03:42pm

Markets

Sterling recovers from two-week lows, Brexit talks, jobless data support

This year, the pound has lost almost 5pc against the dollar, but recovered 0.3pc on Tuesday, touching $1.2645. Against the euro, the pound was up 0.2pc at 89.63 pence.

Published 16 Jun, 2020 04:34pm

Markets

Pound near 2-week lows on fears of second virus wave, Brexit meeting eyed

The pound also took a beating, falling for a third straight session to as low as $1.2455.

Published 16 Jun, 2020 12:08am

Markets

Sterling recovers against dollar as investors return to risk

The pound had a disappointing week, slipping back after it had risen 3.9pc against the dollar in 10 consecutive days of gains starting on May 28 - its longest winning streak since January 2018.

Published 12 Jun, 2020 04:03pm

Markets

Dollar, yen rise on Fed's bleak view, US stock market drop

Yen rises to 1-month high; Swiss franc hits 3-month peak.
U.S COVID-19 infections rise, fears of 2nd wave mount.
US jobless claims fall, producer prices rise.
Graphic: World FX rates in 2019.

Published 11 Jun, 2020 11:34pm

Markets

Sterling falls below $1.27 after 10-day winning streak vs dollar

The dollar bounced against riskier currencies after the US Fed's economic outlook spooked investors.

Published 11 Jun, 2020 04:15pm

Markets

Sterling rises as dollar falls, headwinds persist

A gauge of sterling overnight implied volatility rose to a 2-1/2-month high of 11.50, suggesting traders expected higher-than-usual swings in the British currency on Wednesday.

Published 10 Jun, 2020 05:50pm

Markets

Sterling holds near $1.27 as UK plans re-opening, short positions increase

The pound has risen 2.8pc against the dollar this month as several economies re-open from lockdowns, weakening demand for the US currency.

Published 08 Jun, 2020 04:31pm

Markets

Sterling surges to new three-month high versus dollar

The pound has gained 5pc against the dollar since a low of $1.2075 in mid-May.
About 30pc of the gains were attributable to dollar weakness, he said, as global markets become more optimistic about an economic recovery.

Published 05 Jun, 2020 03:32pm

Markets

Sterling weakens as Brexit fears remain, risk-off returns

The pound had gained after British officials said the United Kingdom might be able to reach a compromise on fisheries with the EU earlier this week.
An improvement in risk sentiment had also helped the pound, pushing it up more than 3pc in one week

Published 04 Jun, 2020 03:50pm

Markets

Sterling climbs against weaker dollar, Brexit talks help

The dollar fell against most currencies as investors pondered what the potential fallout might be from the mass protests against racism spreading across the United States.
The pound touched $1.2608 around 0700 GMT, its highest since April 30. It wa

Published 03 Jun, 2020 03:50pm

Markets

Pound climbs above $1.25 to 1-month high, Brexit hopes support

Britain has until July 1 to ask for an extension to the current transition period, which ends in December.
The pound was trading 0.2pc higher to the dollar at $1.2518, after hitting its highest since May 1 in early deals.

Published 02 Jun, 2020 05:27pm

Markets

Sterling near 3-week high; short positions up for 12th week running

Against a broadly weaker dollar, the pound hit a three-week high of $1.2425 around 0800 GMT, before easing slightly. It was last at $1.2390.
The market's net short position on the pound increased for the twelfth week running in the week ending May 2

Published 01 Jun, 2020 07:15pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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