Wednesday, 15 July 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Sterling Falls Below $1.225, Held Down by Brexit, Negative Rates Risk
Thursday, 28 May 2020 18:25 WIB | CURRENCIES |poundSterling,PoundsterlingGBP/USD

The pound fell against the dollar and euro on Thursday, little changed after Wednesday's reports that Brexit talks are at an impasse, and still held down by speculation about negative interest rates.

Sterling fell 1% on Wednesday after Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year.

The pound is close to its lowest levels in more than three decades, as it grapples with Brexit, speculation about negative interest rates in Britain, a deep recession and a growing pile of debt.

The market has turned increasingly short on the pound for the last 11 weeks straight, according to weekly futures data. Against the dollar, the pound held steady in early London trading, then began falling about 09:30GMT. It was last at $.12249, down 0.1% since New York's close. Versus the euro, the pound was up around 0.1%, at 89.85 pence.

Source : Reuters

RELATED NEWS
Euro hits four-month high vs dollar on stimulus, recovery hopes...
Wednesday, 15 July 2020 08:54 WIB

The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree on stimulus and deepening fiscal integration to shield the economy from the pandemic. The ...

Dollar Falls on Rising Euro, Higher U.S. Stocks...
Tuesday, 14 July 2020 23:31 WIB

The dollar fell in North American trade on Tuesday as the euro rose on optimism about the possibility of a European Union stimulus package and as U.S. stocks gained. The U.S. dollar index, which meas...

Dollar Grinds Higher As U.S.-China Tensions And Virus Unnerve Investors...
Tuesday, 14 July 2020 15:48 WIB

The U.S. dollar edged up on Tuesday as diplomatic tensions between the United States and China and rising coronavirus cases knocked investor confidence, although moves in currency markets were small i...

Dollar in narrow range as U.S.-China tensions simmer, virus cases rise...
Tuesday, 14 July 2020 08:35 WIB

The dollar was hemmed into narrow ranges against most currencies on Tuesday as renewed concerns about diplomatic tension between the United States and China and rising coronavirus cases put a dent in ...

Dollar Falls as U.S. Earning Season Kicks Off...
Monday, 13 July 2020 23:12 WIB

The U.S. dollar edged lower on Monday as investors looked to domestic corporate earnings and upcoming retail data to gauge whether guarded optimism on the country's economic outlook is justified. The...

LATEST NEWS
Hong Kong stocks open sharply higher

Hong Kong shares started Wednesday morning with big gains on fresh hopes for a virus vaccine, which offset news that Donald Trump had removed the city's special trade privileges as expected. The Hang Seng Index rose 1.61 percent, or 410.89 points,...

Euro hits four-month high vs dollar on stimulus, recovery hopes

The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree on stimulus and deepening fiscal integration to shield the economy from the pandemic. The dollar was on the defensive, particularly...

Asia stocks jump as hopes for a coronavirus vaccine rise

Stocks in Asia traded higher Wednesday morning as hopes for a coronavirus vaccine rise. In Japan, the Nikkei 225 gained 1.22% in early trade while the Topix index added 1.11%. South Korea's Kospi jumped 1.31%. Over in Australia, the S&P/ASX...

POPULAR NEWS
'Record-Highs in Sight': Gold on Path North of $1,800 This Week - Analysts
Monday, 13 July 2020 15:47 WIB

Gold is rallying for the fifth week in a row and the bullish trend is targeting the 2011 record-highs in USD-terms, according to analysts. At the...

Gold Futures Post Their First Gain in 3 Sessions
Tuesday, 14 July 2020 00:51 WIB

Gold futures climbed on Monday to score their first gain in three sessions, moving back toward the nearly nine-year high they reached on...

Gold Trades Steady as Virus, Equities’ Advance Weighed
Monday, 13 July 2020 08:25 WIB

Spot gold was steady in Asian trading as investors weigh virus developments in the U.S amid expectations Asian equities will open higher on...

Gold Steadies Amid U.S.-China Tensions, WHO's Warning
Tuesday, 14 July 2020 09:31 WIB

Spot gold was steady as investors weighed fresh tensions between the U.S. and China, this time over territorial claims, and the economic damage...