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Tue 19 Oct 2021 08:50GMT

India News

Latest 10 news items tagged India

Pound (GBP) Exchange Rate Dips Despite the UK's Inflation Doubling in April Published: 19 May at 12 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) struggled this morning despite UK inflation more than doubling in April because of rising energy prices. Inflation is expected to head higher in the coming months as the UK economy continues to ease lockdown restrictions. Jon Hudson, fund manager of Premier Miton UK Growth Fund, commented: ‘Inflation is likely to continue rising throughout the year as lockdowns ease, the economy recovers and various commodity shortages feed through to rising prices. The recent strength of...
Pound (GBP) Rises as UK Growth Rebounds in March Published: 12 May at 2 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) rose against many of its peers today after the latest UK growth data revealed that the UK had rebound in March, thanks to the Government’s extensive Covid-19 vaccination rollout programme. UK Chancellor Rishi Sunak celebrated the data, saying: ‘Despite a difficult start to this year, economic growth in March is a promising sign of things to come. As we cautiously reopen the economy, I will continue to take all the steps necessary to support our recovery.’ As a result,...
US Dollar (USD) Bolstered by Safe-Haven Demand as Risk Sentiment Fluctuates Published: 5 May at 3 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) exchange rate rose today following news that UK car sales had recovered in April, despite being down by over 12% against pre-pandemic levels. The Society of Motor Manufacturers and Traders (SMMT) commented on the data: ‘Demand is likely to be driven by a broad range of new models and powertrains, with confidence bolstered by the gradual reopening of the country.’ Confidence in the UK economy remains high, with falling Covid-19 cases and deaths currently in single figures....
Pound (GBP) Exchange Rate Benefits from Positive CBI Retail Sales Report Published: 28 Apr at 12 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) has continued to rise this week following the publication of the latest Confederation of British Industry (CBI) distributive trade index. The figure surged from -45 to 20 in April, buoying confidence in the UK’s retail sector. Fraser McKevitt, the head of retail at Kantar, commented: ‘There is a growing sense that the worst of the pandemic is behind us, and people are becoming more comfortable with venturing out to the supermarket. The past four weeks have been the busiest in...
Pound (GBP) Rises as UK Inflation Rebounds on Climbing Fuel Prices Published: 21 Apr at 12 PM 2021
<H2>Pound (GBP) </H2> The Pound (GBP) showed signs of recovery today as UK markets are becoming more optimistic about the state of Britain’s economy. Employers have now begun rehiring following months of begin unable to open due to Covid-19 lockdown restrictions. As a result, GBP investors are more hopeful that the economy could begin to recover as the joblessness crisis is remedied by the reopening of non-essential shops. Meanwhile, the latest UK inflation data for March showed a rebound thanks to rising fuel prices....
US Dollar (USD) Rises as Trump Ends Exemptions to Sanctions on Iranian Oil Importers Published: 23 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) edged higher against many of its competitors – with the exception of the US Dollar – today as MPs head back to Westminster following the Easter holidays to engage with Brexit developments. With no notable UK economic data being released today, many Sterling traders focused instead on MPs calling for Prime Minister Theresa May’s resignation. However, with these calls generally ignored by Mrs May, and cross-party talks due to take place, Brexit developments have been...
Will GBP/EUR and GBP/USD Exchange Rates Fall on UK Trade Balance Turbulence? Published: 5 Jan at 5 PM 2018
Pound Sterling (GBP) The Pound has had a mixed week as 2018 begins. GBP rose when the services PMI for December showed growth, but later fell on news that new car sales in 2017 had declined overall. The November trade balance, out on 10th January, will be the main GBP-influencer this week. Estimates are for an expansion of the existing deficit, which could trigger a Pound decline. Euro (EUR) The Euro fell in value on 5th January, owing to trader discontent about a flash inflation estimate for December. Estimates for...
AUD, NZD Exchange Rates Gain on PBOC Stimulus, CAD Trending Higher Published: 20 Apr at 11 AM 2015
Pound Sterling On Monday the UK’s Rightmove House Price report showed a 1.6% month-on-month increase in April, up from the 1.0% gain recorded the previous month. On the year, price growth eased from 5.4% to 4.7%, but the data had little impact on the Pound. Sterling managed to advance on the Euro following the release of Germany’s Producer Price Index and the Eurozone’s Construction Output report. Euro After the level of construction output in the Eurozone was shown to have fallen by -3.7% on the year in February rather...
GBP Strengthens, USD, EUR Exchange Rates Fluctuate after Manufacturing Reports Published: 1 Dec at 4 PM 2014
Pound Sterling A stronger-than-expected UK Manufacturing PMI helped the Pound advance on several of its most traded currency counterparts. The British asset climbed against both the Euro and US Dollar over the course of the European session, with the GBP/EUR exchange rate achieving 1.26 and the GBP/USD exchange rate rising above 1.57. Tomorrow’s UK construction report could give the Pound further support if it also surprises to the upside. US Dollar Before the US ISM and Markit Manufacturing PMI’s were published, the US Dollar...
Canadian Dollar Close To Three-Year Low After FOMC Announcement Published: 19 Dec at 5 PM 2013
The ‘Loonie’ approached a three-year low against its US counterpart today as investors continued to respond to the Federal Open Market Committee's surprising stimulus decision. The commodity-driven asset also softened against several of its most traded peers as commodities fluctuated. Meanwhile positive UK retail sales figures helped the GBP/CAD pairing advance and the US Dollar remained stronger despite US initial jobless claims rising in the week ending December 14th. According to one London based currency strategist;...

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