Asia AM Digest: US Dollar Up, British Pound Gains on Brexit News

Asia AM Digest: US Dollar Up, British Pound Gains on Brexit News

To get the Asia AM Digest every day, SIGN UP HERE On Tuesday, the US Dollar continued inversely following Wall Street. Indexes such as the S&P 500 and Dow Jones declined for the first time in six trading days, falling more than 0.5% and 1.0% respectfully. Meanwhile, yields on local 2-year government bonds rose to […]

Read More
KLCI moves higher ahead of corporate earnings results

KLCI moves higher ahead of corporate earnings results

KUALA LUMPUR: The local bourse recovered from a brief breather in early morning trade to move higher amid positive performances in other regional markets. Bursa Malaysia was on tenterhooks as it awaited the release of earnings results from Corporate Malaysia over the remainder of the month, following the CNY holiday. At midday, the FBM KLCI […]

Read More
Lahore Weather

Dollar closes flat versus rupee

KARACHI: The dollar closed flat in the interbank and lost strength in open market against rupee. The dollar remained unchanged to close at Rs 110.30 for buying and Rs 110.50 for selling in interbank compared to previous closing. The gap of the greenback rates between interbank and kerb markets remained Rs 93 on day’s average. […]

Read More
Renew: a new British party inspired by Macron seeks to overturn Brexit

Renew: a new British party inspired by Macron seeks to overturn Brexit

Published 17:45 February 20, 2018 Updated 17:45 February 20, 2018 To Brexit or not to Brexit?… A new British party inspired by French President Emmanuel Macron’s movement say definitely NO. The newly formed Renew movement launched a campaign on Monday in order to lawmakers to block any EU withdrawal deal Prime Minister Theresa May can […]

Read More
Here's Why 'LB' Stands For 'Pound'

Here’s Why ‘LB’ Stands For ‘Pound’

Most measurements in the English language have pretty straightforward abbreviations ― “tbsp” for tablespoon, “qt” for quart, “yd” for yard and so on. So why, then, do we use “lb” to refer to pound? The answer goes back to ancient Rome. “Lb” is an abbreviation of the Latin word libra. Astrology buffs will know that Libra […]

Read More
The Kiwi Dollar Stumbles with FED Talk to Drive the USD Today

USD/JPY Rate Outlook Hinges on Fed Rhetoric

DailyFX.com – FX Talking Points: – USD/JPY Carves Bullish Sequence Ahead of FOMC Minutes. – Stagnant U.K. Wage Growth to Fuel British Pound Weakness. USD/JPY carves a fresh series of higher highs & lows ahead of the Federal Open Market Committee (FOMC) Minutes, with the pair at risk for a larger recovery should a growing […]

Read More
SpaceX rocket launches Luxembourg satellite for NATO

UPDATE 2-Sterling strengthens on hopes Britain, EU can agree Brexit deal

* Sterling reverses losses after report on EU Brexit stance * Traders prepare for crucial earnings data on Wednesday * Graphic: World FX rates in 2018 tmsnrt.rs/2egbfVh * Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv (Updates prices, adds details, quotes) By Tommy Wilkes LONDON, Feb 20 (Reuters) – Sterling recovered against the dollar and rose […]

Read More
Sterling traders turn their sights to jobs data – Forex News Preview

Sterling traders turn their sights to jobs data – Forex News Preview

Sterling traders turn their sights to jobs data – Forex News Preview Posted on February 20, 2018 at 4:21 pm GMTMarios Hadjikyriacos, XM Investment Research Desk The UK will see the release of employment data for December on Wednesday, at 0930 GMT. While practically every indicator is projected to have remained unchanged from the previous […]

Read More
Manufacturing growth continued at a healthy pace in the quarter to February, but order books weakened, according to a CBI survey.

Manufacturing order growth eases back as pound boost fades

By Press Association Published: 07:13 EST, 20 February 2018 | Updated: 07:13 EST, 20 February 2018 Britain’s manufacturing sector has continued to expand at a healthy pace, but new figures show weaker growth in order books in the latest sign that the boost from the weak pound is beginning to fade. The latest industrial trends survey […]

Read More
Rupee tanks 58 paise to a fresh 3-month low

Rupee tanks 58 paise to a fresh 3-month low

The rupee tumbled by 58 paise to end at a fresh three-month low of 64.79 against the US dollar on the back of consistent demand for the greenback from state-run banks and importers. This is the biggest single day fall for the Indian currency so far this year. Volatility hit the domestic currency market as […]

Read More