Sterling bounces back above $1.22 after four days of falls
Wednesday, 31 July 2019 23:05 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling bounced back above $1.22 on Wednesday, enjoying a respite after four days of falls that took it to the lowest in 2-1/2 years earlier in the week.

Most analysts see the rebound as temporary however, with more weakness likely if news headlines in coming days are seen as raising the probability of Britain crashing out of the European Union without any transition arrangements in place.

Wednesday's bounce was attributed to some end-month portfolio adjustments, coupled with the fact that a no-deal Brexit is still not fully priced into the currency.

By 14:55 GMT, the pound was up 0.7% at $1.2238 and 0.9% up versus the euro at 90.99 pence. It has risen from a 28-month low of $1.2120, but is now down almost 4% in July against the dollar.

It is also on track for a third straight loss-making month versus the euro.

Source : Reuters

RELATED NEWS

Sterling Steadies as Dollar Surges on Global Recession Angst
Wednesday, 1 April 2020 23:42 WIB

Sterling steadied against a buoyant dollar on Wednesday amid a wider selloff in global stock markets as data showed factory activity across the world contracting sharply due to the coronavirus pandemic. Manufacturing gauges tumbled across the globe, with Purchasing Managers' Index (PMI) surveys in ...

Dollar in Demand as Economic Damage Worsens
Wednesday, 1 April 2020 15:13 WIB

The dollar traded a little higher Wednesday, helped by its status as a safe haven currency as manufacturing data out of Asia pointed to a severe economic slowdown as the region tries to combat the coronavirus pandemic. At 03:10 AM ET (0710 GMT), the U.S. Dollar Index, which tracks the greenback aga...

AUD/USD keeps losses after big beat on China Caixin PMI
Wednesday, 1 April 2020 09:33 WIB

AUD/USD is struggling to draw bids on the back of a better-than-expected China manufacturing data. The currency pair continues to trade in the red near 0.6120, having faced rejection at 0.6158 in early Asia. China's Caixin Manufacturing PMI, which focuses on small and medium-sized export-oriented u...

Sterling Rises as Investors Adjust Quarter-End Positions
Tuesday, 31 March 2020 23:49 WIB

Sterling rose on Tuesday as investors readjusted their portfolios at the end of the first quarter of 2020, although analysts said the currency remained fragile. The pound fell earlier in the day against the dollar as the U.S. currency gained strength due to its safe-haven properties amid the spread...

Dollar Gains Versus Yen, Swiss Franc; Sterling Weakens
Tuesday, 31 March 2020 15:13 WIB

The dollar traded marginally higher Tuesday, helped by gains against the more defensive currencies, the Japanese yen and the Swiss franc, on the last trading day of the month. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood...

POPULAR NEWS
Tuesday, 31 March 2020 01:23
Gold Futures Settle Lower for a Second Session
Monday, 30 March 2020 07:28
Tokyo stocks fall more than 3 percent at open
Tuesday, 31 March 2020 03:20
Hong Kong Stocks Close Lower (Review)
ANOTHER NEWS
Oil prices fall, but end off session lows
Thursday, 2 April 2020 02:12 WIB Oil futures fell on Wednesday on the heels a 10th straight weekly rise in U.S. crude supplies and ongoing worries about a drop in energy demand. Prices, however, pared much of their earlier losses amid a report from The Wall Street Journal that...

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.