Browsing Tag

Pounds

Dollar Holds Firm As Sterling Struggles Again

InsideBusiness Dec 23, 2019

The dollar stood near two-week highs on Monday after the release of decent U.S. economic data late last week, while sterling’s brief recovery hit the buffers. With the economic calendar light before the holidays, analysts doubt major…

Market

Pound Sinks Into Losses On Brexit Deal Rejection Fears

InsideBusiness Oct 17, 2019

Sterling sank into losses in chaotic trade on Thursday on fears that Britain’s Brexit deal might not win parliamentary approval, having earlier spiked close to $1.30 on news of the agreement. At about 1225 GMT, the pound was down 0.28…

Market

Naira Weakens Marginally Against Dollar At Parallel Market

InsideBusiness Jul 30, 2018

The Naira on Monday weakened marginally against the dollar at the parallel market. The Nigerian currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed at N480 and N420. At the…

Business

Naira rebounds on liquidity boost

Reporter Jun 30, 2017

The Naira on Thursday appreciated against the dollar at the parallel market, rebounding barely 24 hours after the Central Bank of Nigeria (CBN) injected $195 million into the foreign exchange market. The Naira closed at N366 to the dollar…

International Politics

Pound Has No Respite in Sight With U.K. Economy Staying Sluggish

Reporter Jan 16, 2016

The Bank of England kept interest rates unchanged at a record low on Jan. 14, citing a weakening outlook for growth and inflation. Pound traders who held on during this year’s pasting have little…