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Experts Say Euro-dollar May Have Seen Its Low

Experts Say Euro-dollar May Have Seen Its Low

The euro held up well last week Prospects for the euro are looking up, with some financial experts forecasting the single currency will recover from its five-year slump. The euro has struggled against the dollar in the last five years, losing lost around 19 percent of its value to the greenback. However, Vincent Chaigneau, head of rates […]

Dollar Appreciates As Markets Await U.S. Federal Reserve

Dollar Appreciates As Markets Await U.S. Federal Reserve

The Dollar rose Tuesday, bolstered by a widely expected U.S. interest rate increase from the Federal Reserve this week and bolstered by political risks in Europe as Dutch elections get under way. The Fed started its two-day monetary policy meeting on Tuesday, with the futures market pricing in a 95 percent chance of a U.S. interest rate […]

Sterling Hits Eight-week Low As Theresa May Gets Brexit Go-ahead

Sterling Hits Eight-week Low As Theresa May Gets Brexit Go-ahead

The Sterling fell to an eight-week low against the dollar and the basket of currencies measuring its broader strength on Tuesday, hit by fears of prolonged political jousting over the terms of Britain’s exit from the European Union. British Prime Minister Theresa May won parliamentary backing on Monday to begin the process of leaving the […]

Dollar Rises Before Expected Federal Reserve Raise, Stocks Fall

Dollar Rises Before Expected Federal Reserve Raise, Stocks Fall

The U.S. dollar rose before the start of a Federal Reserve policy meeting on Tuesday, expected to raise U.S. interest rates, while European shares fell as investors faced a week packed with political and market risks. Wall Street looked set to follow Europe lower, index futures showed, having traded in a very tight range on […]

Sterling Hits Second Lowest Point Since Brexit Vote

Sterling Hits Second Lowest Point Since Brexit Vote

The Sterling is hovering around its second lowest level against the U.S. dollar since last June’s vote to leave the European Union (EU) on Tuesday as unfolding political developments add to concerns over the outlook for the U.K. In a significant day for British political news, Monday saw U.K. Prime Minister (PM), Theresa May, gain […]

Euro To Pound Exchange Rate A ‘Buy’ – Credit Suisse Bank

Euro To Pound Exchange Rate A ‘Buy’ – Credit Suisse Bank

Strategists at investment bank Credit Suisse recommend buying the Euro while selling Sterling in anticipation of further weakness in the latter. Euro to Pound rate today (15-3-17): 0.8752 Pound to Euro rate today: 1.1426 Analyst Bhaveer Shah justifies the buy on EUR/GBP on the ever-uncertain political outlook facing the UK: “Markets may also see Brexit and Scotland […]

Sweden’s Biggest Bank Threatens To Leave Country If Govt’s ‘Shocking’ Fee Is Passed

Sweden’s Biggest Bank Threatens To Leave Country If Govt’s ‘Shocking’ Fee Is Passed

The present Swedish government is not friendly with the private sector right now, having recently had companies like Norwegian and Spotifty threaten to move their operations from Sweden due to regulation or the lack thereof. The Swedish financial sector is now locking horns with the government as well. Advertisement: Earlier this year, the Swedish government put […]

Euro To Pound Continues To Rise On Central Bank Inertia

Euro To Pound Continues To Rise On Central Bank Inertia

EUR/GBP is forecast to rise as the Pound weakens versus the Euro after the meeting of the Bank of England (BOE) on Thursday, analysts at Danske Bank said. Danske foresee no-change in monetary policy despite a recent upshot in inflation. “We expect BoE to maintain the Bank Rate at 0.25%, while leaving the targets for […]

Pound May Struggle This Week As BOE Meeting And Brexit Vote Loom

Pound May Struggle This Week As BOE Meeting And Brexit Vote Loom

Sterling is off to a strong start this week but can it really hold onto these gains as several major events surface? First there is meeting of the Bank of England (BOE) on Thursday to decide interest rates and then the possibility MP’s could vote to seal the deal on Brexit. Whilst the BOE meeting […]

South Africa’s Nedbank & Value of Ecobank Stake

South Africa’s Nedbank & Value of Ecobank Stake

South Africa’s Nedbank booked a $293 million writedown on the value of its stake in sub-Saharan lender Ecobank on Tuesday and reported its slowest growth in annual profit since 2009. Ecobank Transnational Incorporation’s operations in central and west Africa are exposed to some economies that have been pressured by the commodity price slide and unfavourable […]

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