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Pound Sterling Steady Ahead Of UK Inflation Data

Pound Sterling Steady Ahead Of UK Inflation Data

The Sterling steadied against the dollar and euro on Tuesday as investors looked to data expected to show British consumer inflation stayed above the Bank of England’s 2 percent target in March. A 2.3 percent year-on-year rise in prices in February, which came after one BoE rate-setter voted in favour of a rate hike at […]

Dollar Rises As Investors Watch Trump-Xi Jinping Meeting

Dollar Rises As Investors Watch Trump-Xi Jinping Meeting

The dollar rose Thursday as investors watched a 2-day summit between U.S. President Donald Trump and China’s President Xi Jinping. The WSJ Dollar Index, which measures the U.S. currency against 16 others, was up 0.1% to 90.58. Mr. Trump had predicted that the two-day meeting with China would be “very difficult,” citing “massive trade deficits […]

Pound Falls For Second Day As Stops Hit

Pound Falls For Second Day As Stops Hit

The pound sterling declined for a second day against the dollar, tumbling 48 pips in four minutes as stops were hit below $1.2450, as data showed further signs of slowing in the U.K. economy. Flows were thin overall, with the slide coming as the stops were triggered after a move higher in the euro against […]

Bank Of America Says April Should Be A Good Month For The Pound Sterling

Bank Of America Says April Should Be A Good Month For The Pound Sterling

The British Pound will still plunge below 1.20 against the Dollar and 1.13 against the Euro through the course of 2017, analysts at a leading global investment bank say. But the picture is a nuansced one as we are also told to expect a near-term bout of strength before the longer-term decline commences. In a […]

Bank Adds Transgender Titles Alongside ‘Mr’ & ‘Mrs’ For Customers

Bank Adds Transgender Titles Alongside ‘Mr’ & ‘Mrs’ For Customers

HSBC, one of UK’s biggest banks is offering its transgender community a choice of 10 new gender-neutral titles as part of its plan to improve the banking experience for customers. The banks says its account holders will no longer have to use conventional titles such as Mr, Mrs and Ms, but instead be able to choose […]

Nigeria To Consolidate $500m Eurobond With $1bn Issue

Nigeria To Consolidate $500m Eurobond With $1bn Issue

The Federal Government of Nigeria on Wednesday disclosed that its $500 million notes under the $1.5 billion Global Medium Term Note programme will be consolidated to form a single series with the existing $1 billion notes, which the country issued in February and will mature by 2032. The federal government therefore announced that it has […]

Dollar Edges Up To Nine-day High As Euro Dippens

Dollar Edges Up To Nine-day High As Euro Dippens

The USaa dollar edged up to a nine-day high against a basket of currencies on Thursday, with the euro sagging as the European Central Bank showed no sign of stepping away from monetary easing anytime soon. The U.S. currency was up 0.3 percent at 111.385 yen , putting some distance between the four-month low of 110.110 it […]

Dollar Rises After Trump Selloff, Helped By Fed Comments, ECB

Dollar Rises After Trump Selloff, Helped By Fed Comments, ECB

The dollar rose to its highest in more than a week on Wednesday on outlooks for U.S. and European interest rates and as investors saw the selloff on U.S. President Donald Trump’s healthcare setback as overdone. Reuters reported European Central Bank policymakers were wary of changing their policy message after tweaks this month upset investors […]

Everyone’s Suddenly Becoming Exporter As Nigerian Firms Chase Dollars

Everyone’s Suddenly Becoming Exporter As Nigerian Firms Chase Dollars

“It’s a difficult situation where you have nothing to export, or you can export very little, whereas your dollar need is big,” Nigeria’s hard-currency shortage is forcing companies to get creative in their hunt for dollars. For many, including Dangote Cement Plc, that’s meant a bigger focus on exports. The continent’s biggest producer of the […]

Egypt Floats Currency, Gains $3.1 Billion Portfolio Inflow

Egypt Floats Currency, Gains $3.1 Billion Portfolio Inflow

The decision by the Egyptian government to float its currency has already started yielding positive outcomes in the economy, even though inflation spiked. Even though Nigeria’s central bank has earned a pat on the back after it neatly squashed speculative attacks on the naira, which has led to a 20 percent appreciation in the black […]

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