9525
UK Currency at 17-Month Low
World Economy

UK Currency at 17-Month Low

Sterling showed some strength during early trades of Wednesday helped by the overall dollar weakness, but with the Bank of England minutes due on the hour, the UK currency stood not far away from the 17-month low it touched earlier this month, IBT reported. At 8:00 GMT, GBP/USD was at 1.5160, off day’s high of 1.5180 but higher than the previous close of 1.5154. The pair had traded at a low of 1.5034 on 8 January, its lowest since July 2013. The BoE had left the benchmark interest rate steady at 0.5% and kept the asset purchase target at £375b ($568.9b) at the January 7-8 meeting.

 

Short URL : http://goo.gl/sFmv6Z

You can also read ...

Argentina Lacks Options to Defend Peso
With interest rates sky-high and the economy heading for...
BMW Seeking Broader China Collaboration
The opening-up is an important policy and German carmaker BMW...
Westinghouse Electric, the leading US nuclear fuel producer, said it relies on China for zirconium and zirconium powder  for use in nuclear fuel assemblies
A broad cross-section of US businesses has a message for the...
Vehicle loans have rapidly expanded as cars purchased during a tax rebate scheme for first cars  in 2012-13 have begun to be replaced.
Consumer borrowing is accelerating significantly in Thailand...
Turkey, Qatar in Currency Swap Deal
The central banks of Qatar and Turkey signed a currency swap...
Asian Countries Vie to Set Up Crypto Valleys
The race to establish cryptocurrency hubs in Asia is gathering...
UK Business Pessimism Rising
Business leaders’ confidence in the British economy has fallen...
International Labor Organization has called for stronger...

Trending

Googleplus