Sterling stuck near five-week lows as dollar bounces on yield rise
Wednesday, 25 April 2018 23:26 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling fell against the dollar on Wednesday as the U.S. currency strengthened on the back of rising Treasury yields, while traders remained cautious ahead of British first-quarter economic growth numbers due on Friday.

The release will be the last key data issued before the Bank of England™s Monetary Policy Committee meeting early next month, and markets are split over whether the central bank will raise interest rates.

Governor Mark Carney dented confidence that a rate hike would happen when he said last week that Britain™s economic data was œmixed and that there were several other MPC meetings later this year.

That sent sterling plummeting from post-Brexit vote highs and left it down for the month of April.

The pound did snap its losing streak and rise on Tuesday and overnight on news of a potentially positive M&A deal.

The pound fell 0.3 percent to $1.3938 (0.9996 pounds) as the dollar gained across most major currencies, and sterling was left close to a five-week low of $1.3919.

Sterling remains more than four cents off its post-Brexit vote highs of $1.4377 hit last week.

Against the euro, which some analysts say is currently a better gauge, given that there has been considerable dollar-specific news this week, sterling gained 0.2 percent to 87.380 pence per euro.

Source: Reuters

RELATED NEWS

AUD/JPY Struggling to Maintain 84.00, Slips Ahead of RBA Lowe Speech
Wednesday, 23 May 2018 09:12 WIB

AUD/JPY bergerak lebih rendah di sesi awal hari Rabu, menguji tepat di bawah level utama 84,00. Aussie rebound kuat untuk memulai minggu ini, tetapi momentum bullish sedang memburuk dengan cepat, dan AUD/JPY kembali turun setelah mencatatkan level dua bulan tertinggi di 84,48 kemarin. Pada awal se...

Dollar weakens as focus turns to Fed minutes
Wednesday, 23 May 2018 03:58 WIB

Dolar tergelincir pada hari Selasa setelah enam hari kenaikan berturut-turut, seiring melemahnya imbal hasil Treasury AS dan investor mencari insentif baru untuk membeli mata uang setelah rally hampir 7 persen sejak pertengahan Februari. Uptrend baru-baru ini dolar telah didukung oleh data ekonomi ...

Dollar Slips as Rally Loses Momentum
Tuesday, 22 May 2018 15:58 WIB

Dolar jatuh pada Selasa ini dari level tertinggi lima bulan, pasca kehilangan momentum setelah reli yang luas akan meningkatnya imbal hasil obligasi AS dan bantuan pada pelonggaran dalam ketegangan perdagangan AS-Cina. Indeks dolar terhadap sekeranjang enam mata uang utama terakhir diperdagangkan p...

EUR/USD Seen Stabilizing Around 1.1800 “ Danske Bank
Tuesday, 22 May 2018 13:39 WIB

Analis di Danske Bank Aila Mihr menyarankan pasangan ini sekarang bisa terlihat stabilkan diri di sekitar 1,1800. "EUR/USD menyentuh level terendahnya sejak Desember kemarin setelah kombinasi dukungan USD dari rates dan sisi negatif EUR dari kekhawatiran pemerintah Italia terus membebani". "Untuk ...

GBP/JPY Shrinks Away From 149.00 Ahead of UK Inflation Figures
Tuesday, 22 May 2018 10:12 WIB

GBP/JPY melemah di awal perdagangan Tokyo, menyentuh 148,75 karena Sterling terus tersandung terhadap Yen Jepang. Yen mendapatkan traksi dalam perdagangan Selasa pagi menyusul komentar Gubernur Bank of Japan (BoJ) Kuroda yang menyoroti kekhawatiran bank sentral tentang dampak jangka panjang dan efe...

ANOTHER NEWS
Tokyo Stocks Close Lower on Jitters Over US-N.Korea Talk
Wednesday, 23 May 2018 13:37 WIB Tokyo stocks closed lower Wednesday with investor sentiment hurt by downbeat remarks from US President Donald Trump on planned talks with the North Korea's leader, and trade with China. The benchmark Nikkei 225 index fell 1.18 percent or 270.60...

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.