• About
  • Contact
Sunday, February 28, 2021
No Result
View All Result
Londoner News
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
  • Home
  • London
  • Britain
  • Europe
  • America
  • International
  • Submit Article
  • Other
    • Health
    • Tech
    • Travel
    • Science
No Result
View All Result
Londoner News
No Result
View All Result
Home Markets

The pound is falling: Here’s why

by The Editor
January 30, 2018
in Markets
0
The pound is falling: Here’s why
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

The pound fell sharply in morning trading as the dollar recovered some of the strength it lost at the end of last week.

Having hit post-Brexit vote highs during trading last week, the pound was down 0.7 per cent against the dollar in mid-morning trading today, at $1.4065.

Sterling wasn't the only currency falling against the dollar: the euro was down 0.2 per cent, at $1.2401, while the yen was down 0.1 per cent at $0.0092.

Last week the pound rose as high as $1.43 on dollar weakness, after traders took comments by Steve Mnuchin to heart.

During a session at the World Economic Forum in Davos, the US Treasury secretary said a weak dollar was "good" for the US.

"The dollar remains the story here and the dollar index is currently hunkering down on the 89 handle having firmed a little in Asia overnight," said Neil Wilson, senior market analyst at ETX Capital.

"The conundrum of rising US yields and a falling dollar remains in place but with dollar shorts getting crowded traders should be wary of a squeeze."

Read more: Sterling has risen to yet another post-Brexit vote high

Original Article

[contf] [contfnew]

CityAM

[contfnewc] [contfnewc]

The Editor

The Editor

Next Post
Anglo American exits South African coal market with £57m asset sale

Anglo American exits South African coal market with £57m asset sale

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

‘Coward’ Florida school cop defends his actions

‘Coward’ Florida school cop defends his actions

3 years ago
Alibaba beats sales forecasts on strong commerce growth

Alibaba beats sales forecasts on strong commerce growth

3 years ago

Popular News

    Connect with us

    About Us

    We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

    Category

    • America
    • Britain
    • Europe
    • Health
    • International
    • latest news
    • London
    • Markets
    • Science
    • Tech
    • Travel
    • Uncategorized
    • Women

    Site Links

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    • About
    • Contact

    © 2020 londonernews

    No Result
    View All Result
    • Home
    • Science
    • Travel
    • Tech
    • Health

    © 2020 londonernews