Sterling Stuck at 2-Week Low as Investors Await UK Jobs Data
Tuesday, 14 May 2019 15:32 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling hit a two-week low on Tuesday ahead of UK employment data that investors will scrutinise for signs of how much British businesses are hurting from uncertainty over Brexit.

While most economic data in Britain has been solid in recent months even in the face of messy EU divorce proceedings, the worry for investors is that months of inventory stockpiling by British firms could show up this quarter.

The first signs of this could come in today's employment data due at 08:30 GMT.

Sterling was down 0.2 percent against the dollar on Tuesday to a two-week low of $1.2928 in early trade and down 0.25 percent against the euro at 86.89 pence.

The British currency is also being dragged lower by the broader environment, with trade tensions between the United States and China hurting stocks earlier this week.

Source : Reuters

RELATED NEWS

Euro steady as U.S. dollar set for worst week since October
Friday, 6 December 2019 16:32 WIB

The euro was steady against the dollar on Friday, though the greenback was headed for its worst week since mid-October, dragged down by nervousness around U.S.-China trade relations and hints of weakness in the U.S. economy. The resurgent kiwi enjoyed a hefty recovery thanks to some renewed risk ap...

Dollar Heads For Weekly Decline as Data and Trade Tensions Weigh
Friday, 6 December 2019 08:19 WIB

The dollar nursed a week of losses on Friday, hit by nervousness on trade and mixed signals about the U.S. economy, while the British pound stood tall as bets firmed that Prime Minister Boris Johnson can win a commanding electoral victory. The safe havens of the Japanese yen and Swiss franc were in...

Dollar Edges Lower Amid Mixed Messages on Trade
Thursday, 5 December 2019 15:21 WIB

The dollar edged lower against a basket of its rivals on Thursday as mixed messages on trade from U.S. President Donald Trump tempered hopes that China and the U.S. may soon reach an agreement to end their protracted trade war. Trump said on Wednesday that trade talks with China were going "very we...

AUD/JPY Drops to 74.35 After Aussie Data Dump
Thursday, 5 December 2019 08:45 WIB

AUD/JPY plummets to 74.36 amid the Asian session on Thursday. The pair reacts to the downbeat Retail Sales and Trade Balance numbers from Australia. Australia™s October month Trade Balance slipped below 6,100M forecast to 4,502M while Retail Sales lagged behind 0.3% market consensus to 0.0%. This...

Yen Extends Gain as China Threatens to Retaliate U.S. House Bill
Wednesday, 4 December 2019 15:18 WIB

The yen advances and the Bloomberg Dollar Spot Index snaps a three-day decline as trade concerns see havens bid and high-beta currencies under modest pressure. The greenback advances versus most of its Group-of-10 peers, except yen and Swiss franc. USD/JPY slips 0.2% to 108.44, down a fifth d...

ANOTHER NEWS
Hong Kong stocks finish week on positive note (Review)
Saturday, 7 December 2019 04:32 WIB Hong Kong closed more than one percent higher Friday, boosted by renewed hopes that China and the United States will eventually reach a partial trade deal. The Hang Seng index added 1.07 percent, or 281.33 points, to 26,498.37. The benchmark...

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.