Sterling hits 10-week high vs dollar, 11-month peak vs euro
Friday, 13 April 2018 17:12 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling rose to a new 10-week high against the dollar on Friday and pulled itself out of a six-month trading range against the euro, prompting investors to unwind their long euro positions.

Against the euro, the pound has been trapped in a 86.5 pence to 90 pence per euro range for nearly six months, but cautious minutes from the European Central Bank this week and firm expectations of a rate hike from the Bank of England in May pushed the British currency to an 11-month high.

Against the euro, sterling rallied 0.4 percent to 86.32 pence per euro, its highest since late May 2017. On a weekly basis, it is set for its biggest gain since Dec. 1.

Sterling also pushed towards a new post-Brexit referendum high versus the dollar, rising 0.4 percent to $1.4296. It hit its highest since the 2016 vote in late January 2018, at $1.4346.

Expectations of a rate rise have been a major driver of sterling™s gains in recent days while the euro has suffered from from more top policymakers™ comments about its recent strength, and some lacklustre data.

The market is pricing in a 65-percent chance of a 25 basis point hike next month.

Source: Reuters

RELATED NEWS

Dollar Broadly Higher Ahead of ZEW, Fed Meeting
Tuesday, 17 September 2019 15:20 WIB

The dollar was mostly higher in early trading in Europe Tuesday, as fears of a sustained spike in oil prices and conflict in the Persian Gulf undercut risk assets ahead of the U.S. Federal Reserve™s two-day policy meeting. The euro was at $1.1012, with the market keeping an eye on the first major...

Japanese Yen Unchanged Despite Initial Trade Accord with U.S.
Tuesday, 17 September 2019 11:04 WIB

The Japanese yen stayed largely unchanged against the U.S. dollar on Tuesday in Asia despite news that the U.S. reached an initial trade accord with Japan over tariffs. It is unclear whether the U.S. will maintain tariffs on Japanese auto imports as part of the agreement. The yen was little impact...

Oil currencies, dollar buoyed as Saudi attacks keep crude elevated
Tuesday, 17 September 2019 08:30 WIB

Oil exporter currencies held firm while the dollar found broad support as recent attacks on Saudi oil facilities and the threat of military action in the region kept crude prices kept prices elevated. Attacks on crude facilities in Saudi Arabia on the weekend boosted oil prices by nearly 15% on Mon...

Pound weakens as 'no-deal' Brexit concerns grow
Monday, 16 September 2019 16:31 WIB

The pound fell nearly half a percent on Monday as concern revived that Britain will struggle to secure a deal on the terms of its departure from the European Union. The pound fell to a three-year low below $1.20 earlier this month, then soared more than 4%. Most of the gains came last week, after p...

Dollar falls as oil attacks send investors to safety
Monday, 16 September 2019 08:12 WIB

The dollar fell while safe-havens and currencies of oil producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged more than 15% following the strikes on two plants, includin...

ANOTHER NEWS
Stocks open slightly lower as Fed begins two-day meeting
Tuesday, 17 September 2019 20:44 WIB Stocks opened slightly lower Tuesday as Federal Reserve policy makers were set to begin a two-day meeting expected to conclude with another quarter-point cut in interest rates. The Dow Jones Industrial Average fell 77 points, or 0.3%, to 27,000,...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.