Sterling bounces off 10-month low after bruising week

Jul 20 2018

The pound rose towards the $1.31 mark on Friday as the dollar skidded lower and traders took stock at the end of a bruising week for the British currency.

Sterling dives to 10-month low below $1.30, more weakness seen

Jul 19 2018

Sterling fell below $1.30 for the first time in 10 months on Thursday as the combination of weak economic data and a resurgent dollar sapped appetite for the British currency.

ED files charge sheet against Guj-based firm director in money laundering case

Jul 18 2018

Enforcement Directorate has filed a charge sheet against Gujarat-based pharma firm Sterling Biotech Limited's director Rajbhushan Omprakash Dixit in a bank loan fraud case of over Rs 5,000 crore.

Sterling slides after foreign minister Johnson resigns

Jul 09 2018

Sterling GBP=D3 skidded lower on Monday after British foreign minister Boris Johnson resigned, with the pound falling versus the dollar and the euro.

Sterling rises as UK services data builds case for rate hike

Jul 04 2018

The pound rose to $1.3201, a five-day high, from $1.3176 before the data GBP=D3 and away from 2018 lows hit last week of $1.3050.

Less than sterling: British pound suffers worst quarter since Brexit vote

Jun 29 2018

The British pound has suffered its worst quarter since the vote to leave the European Union in June 2016 triggered one of the biggest selloffs in the currency’s history.

New BoE rate-setter Haskel strikes cautious note, sterling falls

Jun 26 2018

Haskel pointed to persistently weak wage growth and said there could be more slack in the labour market than currently estimated.

FIFA World Cup: Kane double guides England past Tunisia

Jun 19 2018

England overcome Tunisia with a 2-1 victory in their Group G campaign opener

Sterling hits five-day high on strong retail sales data

Jun 14 2018

Sterling climbed to a five-day high on Thursday after retail sales data beat expectations in May, suggesting the British economy may be recovering from a slump in early 2018.

Euro rallies as ECB moves to discuss ending stimulus

Jun 06 2018

The euro rose to a 10-day high after officials said the European Central Bank (ECB) could wind down its stimulus program by end-2018 and that inflation was rising back to its target.

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