Sunday, June 26, 2022
MARKET UPDATE
Advertisement

TheCable

Tag "pound"

Pound trying to maintain steady after steep decline

    Pound trying to maintain steady after steep decline

The British Pound is trying to steady its stance at 1.28, after stronger than expected UK wage growth figures spared it from further losses, following a heavy decline noted in

0 comment Read Full Article

Markets mixed as investors tread carefully

    Markets mixed as investors tread carefully

The Greenback was under pressure on Tuesday with prices finding comfort near a six-month low against a currency basket as political turmoil in Washington weighed heavily on sentiment. A growing sense of

0 comment Read Full Article

Pound remains under pressure following BoE growth downgrade

    Pound remains under pressure following BoE growth downgrade

If investors were looking for a reason to sell the Pound at its recent elevated levels, they found encouragement yesterday when the Bank of England (BoE) downgraded its growth forecast

0 comment Read Full Article

The post-Brexit pound, Bears vs Bulls

    The post-Brexit pound, Bears vs Bulls

Wednesday marked the official countdown of UK’s divorce from the EU, ending a 44-year relationship with its neighbors. The end of this relationship is of course painful, but many agree

0 comment Read Full Article

Sterling depressed ahead of UK budget

  Sterling depressed ahead of UK budget

Sterling bears were unleashed during Wednesday’s trading session, with the GBPUSD sinking to a fresh seven-week low at 1.2150 as

0 comment Read Full Article

Behold the worst performing currency of 2016 — and it’s not the naira

  Behold the worst performing currency of 2016 — and it’s not the naira

Bitcoin, the increasingly popular cryptocurrency or digital currency, was the best performing currency in 2016. If you were thinking the

0 comment Read Full Article

Naira takes a fall again, trades at 485/$1, 600/£1

  Naira takes a fall again, trades at 485/$1, 600/£1

The naira took a fall again on Monday, as it slid to 485 against the dollar and 600 against the

0 comment Read Full Article

Naira sinks to 480/$1 as scarcity returns

  Naira sinks to 480/$1 as scarcity returns

The Nigerian naira on Tuesday sank to 480/$1 as fresh forex scarcity hit the parallel market. The depreciating naira also

0 comment Read Full Article

Sterling and oil’s rebound in focus

  Sterling and oil’s rebound in focus

The explosive Trump fueled market rally displayed signs of exhaustion on Tuesday with global stocks trading in a modest range

0 comment Read Full Article

Naira stable at 454/$ as CBN asks BDCs to sell for 385/$1

  Naira stable at 454/$ as CBN asks BDCs to sell for 385/$1

The Nigerian naira has remained around 454 to the greenback, as the Central Bank of Nigeria (CBN) asks the bureau

0 comment Read Full Article