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Coronavirus
HIGH Source: covid.gov.pk
Pakistan Deaths
27,566
4224hr
Pakistan Cases
1,238,668
1,78024hr
3.98% positivity
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455,065
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32,849
Islamabad
105,021
KPK
173,023

Sterling

Sterling consolidates above $1.38

Sterling consolidates above $1.38

LONDON: Sterling held above the $1.38 mark hit earlier this week on Thursday in relatively quiet currency markets...
Updated 12 Feb, 2021 09:30am
Pound hits highest since April 2018, eyes $1.38
Markets

Pound hits highest since April 2018, eyes $1.38

  • Sterling reached $1.3798 against the dollar in late afternoon deals in London, its highest level against the greenback since April 27, 2018. Against the euro, it traded flat at 87.69 pence.
  • As we have been arguing since last week's Bank of England meeting, the move lower in EUR/GBP seems to have taken a breather.
Published 09 Feb, 2021 09:25pm
Dollar struggles as US yields soften; Bitcoin soars
Markets

Dollar struggles as US yields soften; Bitcoin soars

  • Investors have pushed up the dollar recently as Democrats moved to fast-track President Joe Biden's $1.9 trillion COVID-19 relief package.
  • There has been an impressive pullback in US Treasury yields overnight which is causing the broad-based dollar weakness before the bond auctions this week.
Published 09 Feb, 2021 06:10pm
Sterling rises
Business & Finance

Sterling rises

LONDON: The British pound rose on Monday to its highest against the euro since May 2020 and came close to recent...
Published 02 Feb, 2021 04:29am
Sterling dips
Business & Finance

Sterling dips

LONDON: Risk-sensitive sterling slipped against the dollar and euro on Friday, shedding some recent gains amid wider...
Published 30 Jan, 2021 03:55am
Sterling eases off recent highs as vaccine optimism fades
Markets

Sterling eases off recent highs as vaccine optimism fades

  • In this environment, everything is pointing towards refuge in the dollar, even if the moves are marginal in today's trading session.
  • The pound is not sheltered from this strong USD environment, despite the UK's aggressive rate of vaccine distribution, although it remains relatively robust against other G10 peers.
Published 28 Jan, 2021 08:58pm
Rebound in risk sentiment pulls sterling higher
Markets

Rebound in risk sentiment pulls sterling higher

*The pound fell in early trade after risk sentiment ebbed overnight in US and Asian markets. * sterling was up 0.3% against the dollar at $1.3720 and was also up 0.3% against the euro, at 88.60 pence.
Published 26 Jan, 2021 08:55pm
Sterling falls
Business & Finance

Sterling falls

LONDON: Sterling fell on Friday as Britain’s third national lockdown sparked the sharpest drop in business ...
Published 23 Jan, 2021 03:56am