Sunday, April 28, 2024
MARKET UPDATE
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Tag "Pound Sterling"

Sterling dragged back into the spotlight

    Sterling dragged back into the spotlight

The potential threat of complications and confrontations during Brexit negotiations could rekindle hard Brexit fears and expose Sterling to downside risks this quarter. Some difficulties have already materialized in the

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Sterling shivers ahead of UK Q3 GDP

    Sterling shivers ahead of UK Q3 GDP

The ongoing Brexit saga has exposed Sterling to prolonged periods of pain this year with uncertainty effectively damaging buying sentiment towards the currency. It has become quite clear that Brexit

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Naira gains, now exchanging for 468/$1

    Naira gains, now exchanging for 468/$1

The naira appreciated against the dollar at the parallel market on Tuesday, closing at N468 to a dollar. According to NAN, the Nigerian currency gained N2 from N470 it posted on

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Sterling depressed ahead Bank of England financial stability report

    Sterling depressed ahead Bank of England financial stability report

The Sterling was left vulnerable to losses during trading this week following the dismal UK construction PMI for June which rekindled concerns over a possible slowdown in domestic economic momentum.

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Naira loses 1.5k against dollar

  Naira loses 1.5k against dollar

The naira on Friday depreciated against the dollar, dropping by N1.5k at the Bureau De Change (BDC) market. This comes

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