Sterling up as UK businesses log best month in 12m
Sterling edged higher on Thursday after survey data showed British businesses recorded their strongest month in a…
Browsing Tag
pound
Sterling steady on Wednesday, markets await rate cut
The pound sterling traded largely unchanged on Wednesday as markets awaited the Bank of England’s upcoming policy…
Pound sterling reaches all-time low against dollar
The pound on Monday reached a record low against the dollar as markets react to the UK's biggest tax cuts in 50…
Yen rises buoyed by Japan currency intervention for first time since 1998
The Japanese yen heightened on Thursday after authorities intervened in the foreign exchange market to shore up the…
Pound flat amid Brexit limbo while dollar steadies
The British pound on Thursday stabilised as the Brexit project entered a fresh holding pattern, while the dollar…
Dollar, pound tread water, Aussie bolstered by jobs report
Dollar nursed losses on Thursday amid gathering doubts about a mooted U.S.-China trade deal, while the volatile…
Egyptian dollar bonds drop on protests, pound weakens
Egyptian dollar bonds issued by the government slipped on Monday and the currency slipped in forward markets after…
Sterling down on Brexit worries, weighs on euro
The pound struggled near a six-month low against the dollar on Tuesday, hampered by persistent worries over Brexit…
Pound tries to find footing amid Brexit uncertainty, dollar awaits Fed
The pound tried to find its footing on Wednesday after sliding on fresh concerns about the possibility of a…
Dollar firm near 2-week high, risk appetite unfazed by weak China GDP
The dollar held steady near a two-week high against a basket of currencies on Monday, as investor risk appetite…
Dollar slips versus yen as growth concerns shake confidence
The dollar fell against the yen on Thursday as growing investor aversion to riskier assets hit equities and pushed…
Sterling rises as May battles to save her Brexit deal
Sterling rose on Monday as British Prime Minister Theresa May sought to win support for her draft European Union…
Euro, pound firm after draft Brexit deal; yen strengthens
The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet…
Dollar seesaws as investors assess risks of deadlock after midterms
The dollar seesawed versus the euro and yen in a volatile session as traders scanned U.S. midterm election results…
Dollar treads water ahead of US mid term elections, RBA holds steady
The dollar held in tight ranges versus its major rivals on Tuesday with investors putting discretion before valor…
Dollar hits 11-month high vs yen as upbeat US data, hawkish Fed boost yields
The dollar hit an 11-month high against the yen and stood tall against other its peers on Thursday, boosted by a…
Euro crawls up from six-week lows on Italy budget speculation
Euro pulled ahead from a six-week low on Wednesday after a report that Italy plans to reduce its budget deficit in…
Yen rises ahead of US-Japan trade talks
The yen edged up to its strongest level against the dollar in nine days on Thursday ahead of trade talks between…
Pound frail on concerns over no-deal Brexit, dollar steady
The pound stayed fragile on Tuesday after falling to an 11-month low against the dollar overnight on worries over a…
Dollar prices tread water as trade fears cap bounce from 2-week low
Dollar prices held steady against a basket of currencies on Wednesday, its earlier bounce from two-week lows…
Pound sterling rises as UK PM May wins parliament vote on Brexit
The British pound rose on Tuesday after U.K Prime Minister Theresa May saw off a rebellion in parliament over…
Average yields rise on Egypt’s 3- and 9-month treasury bills, says c.bank
Average yields on Egypt’s three- and nine-month treasury bills rose at an auction on Sunday, central bank data…
Foreign investments in Egypt debt reach $17.6bn since pound float
Foreigners have invested a total of $17.6 billion in Egyptian debt instruments since the central bank of Egypt…
Egypt clears huge financial backlog as it rebounds from USD shortage
Egypt has cleared a multibillion-dollar backlog of foreign-currency requests from importers and foreign companies…
Egypt’s policy measures improve banking but investments slow: BLOM official
Egypt's policy decisions last November to float the pound and subsequently raise interest rates have improved…
Dollar on defensive after Fed minutes dampen rate hike prospects
U.S. dollar prices were on the defensive on Thursday after the minutes from the Federal Reserve's last policy…
Dollar falls vs euro, sterling as ECB, BoE open door to hawks
The dollar wallowed at one-year lows against the euro and slipped against sterling in Asian trade on Thursday as…
Pound sterling soars above $1.27 on hawkish view by BOE’s chief economist
The pound sterling pushed above $1.27 Wednesday, erasing losses following hawkish comments made by the Bank of…
Dollar advance stalls as oil slides, pound struggles near 2-month low
Dollar prices pulled back from one-month highs against a basket of currencies on Wednesday as tumbling oil prices…
Asian markets close mostly higher, pound weaker on UK hung parliament
The pound dropped on Friday in Asia as elections in the U.K. ended in a hung parliament, with regional indexes…
Egypt unexpectedly hikes key interest rates by 200 basis points
Egypt’s central bank has raised on Sunday its key interest rates by 200 basis points during a meeting of its…
Dollar falls by Xi-Trump summit nerves, geopolitical concerns
Dollar prices slipped against a basket of currencies on Thursday, weighed down by caution over the impending…
Egypt Central Bank sees pound’s real exchange rate appreciating
Egypt’s improved competitiveness after November 3 floating of the currency is unlikely to be negatively affected by…
Dollar rises to 9-day high, buoyed by euro weakness
The dollar edged up to a nine-day high against a basket of currencies on Thursday, with the euro sagging as the…
Dollar prices up from 4 months-low vs. yen
Dollar prices edged up from four-month lows against the yen on Thursday, but gains were capped by U.S. President…
Euro firms to 1 month-highs, dollar drifts
The euro firmed to one month-highs against the dollar in Asian trading on Monday, after some European Central Bank…
Dollar prices drift, await Trump’s stimulus schemes
U.S. dollar drifted on Tuesday, with its earlier advance halted by investors taking a wait and see approach ahead…
Dollar edges back towards 14-year peak as US debt yields rise
The dollar moved back towards a 14-year peak on Wednesday as U.S. debt yields resumed climbing, giving a lift…
Egypt offers rate relief to firms hit by pound float
Egyptian companies unable to repay US-dollar denominated debts after the devaluation of the pound will be allowed…
Electrolux Egypt: prices increased by 20-25% amid floating pound
Electrolux Egypt increased the prices of its products by 20-25 percent after the move of the Egyptian government to…