Crisis-hit Lebanese pound falls to new low of 10,000 to the dollar

© Reuters. Lebanese pound banknotes are seen at a currency exchange shop in Beirut BEIRUT (Reuters) – Lebanon’s pound tumbled on Tuesday towards 10,000 to the dollar, a record low for a currency battered by a financial meltdown that has fuelled poverty and unrest. The collapse, on a scale Lebanon has never seen, has slashed […]

Continue Reading

Pound keeps a little higher but buyers need to do more to recapture upside momentum

Sterling keeps steadier after the correction to the upside move last week Invest in yourself. See our forex education hub. Cable has backed off earlier highs closer to 1.4000 as the pound loses a bit of its earlier momentum but is still keeping higher so far today. The slight retreat also comes as we see […]

Continue Reading

Pound Set to Snap 5-Day Win Streak as U.S. Yield Hurts Risk Sentiment

© Reuters By Yasin Ebrahim Investing.com – The pound slumped Thursday to remain on pace for its first loss in six trading days against the dollar as rising U.S. bond yields sparked risk-off sentiment. fell 0.66%, to $ 1.4043. The pound, which in recent months has moved in tandem with risk assets, followed a slump […]

Continue Reading

Pound Extends Longest Winning Streak Against Euro Since 2015

© Reuters. Pound Extends Longest Winning Streak Against Euro Since 2015 (Bloomberg) — Sterling’s vaccine-fueled rally against the euro is beginning to look relentless. The pound extended its longest winning streak in five-and-a-half years after the Telegraph reported the U.K.’s exit from lockdown could be accelerated if data on the effect of vaccines proves better […]

Continue Reading

Pound Trickles Lower as Traders Shift Attention to Bank of England

© Reuters By Yasin Ebrahim Investing.com – The pound eased against the dollar on Wednesday, as focus shifted to the Bank of England’s meeting, with traders eagerly awaiting clues about negative interest rates. fell 0.16% to $ 1.3643. The Bank of England is expected to keep rates at 0.10% and its pace of monthly bond […]

Continue Reading

Pound Shrugs off Warning of ‘Excessive Optimism’ to Hit Multi-Year High

© Reuters. By Yasin Ebrahim Investing.com – The pound jumped to a more than two-and-a-half year high Thursday, despite experts warning of “excessive optimism” in the currency amid uncertainty over the U.K. economy, which is set to suffer a further dent from an extended lockdown. rose 0.39% to $ 1.3740 its highest since March 2018. […]

Continue Reading

Pound Climbs as Market Pushes Back on Negative Rates Speculation

© Reuters Pound Climbs as Market Pushes Back on Negative Rates Speculation (Bloomberg) — The pound rallied as traders pushed back expectations for when the Bank of England might cut borrowing costs to the end of the year, after Governor Andrew Bailey said there were a lot of issues with negative rates. broke above $ […]

Continue Reading

Pound to Snap 3-Week Win Streak on Growing Bets BoE to Cut Rates

© Reuters. By Yasin Ebrahim Investing.com – The pound looked set to snap a three-week winning streak on Friday, as data showed traders were beginning to unwind some of their bullish bets on growing expectations that the Bank of England may soon cut rates into negative territory to support the recovery. fell 0.04% to $ […]

Continue Reading

Pound off 2-1/2-year peak after Brexit deal, U.S. stimulus in limbo

© Reuters. File photo illustration of a two Euro coin pictured next to a one Pound coin on top of a portrait of Britain’s Queen Elizabeth By Hideyuki Sano TOKYO (Reuters) – The pound hovered below a 2-1/2-year high on Friday after Britain and the European Union struck a narrow Brexit trade deal, while overall […]

Continue Reading