HomeEconomySterling slump pauses as investors await policy response Economy Sterling slump pauses as investors await policy response By farahat September 27, 2022 0 150 views Share FacebookTwitterPinterestWhatsApp AUD /USD +0.04% Add to Watchlist/Remove from Watchlist Add to watchlist Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point Value: Leverage: 1:1 1: 1: 1: 1: 20 1: 39 1: 52 1: 39 1: 138 Committee: 9914 CREATE NEW WATCH LIST CREATE 9638 9941 create a new Holding Portfolio Add Create 9914 + Add another position to close NZD/USD +0 .25% Add to To Watchlist/Remove from Watchlist Add to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1: 21 1: 0031 1: 52 1: 0031 1: 138 Committee: 9941 Create new watchlist creation 9941 9638 CREATE NEW HOLDING PORTFOLIO ADD CREATE 96389584 + Add another position to close USD/RMB +0. % 9584 Add to Watchlist/Remove from Watchlist Add to watch list Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 0000 1: 20 1: 0031 1: 62 1: 79 1: 76 Committee: CREATE NEW WATCH LIST CREATE99419941 9941 CREATE NEW HOLDING PORTFOLIO ADD CREATE 99419638 + Add another position close DX -0.% 9584 Add/Remove from Watchlist Add to watch list Add Location Job added successfully: Please name your holding Combination type: purchase Sell date: quantity: price Point value: Leverage: 1:1 1: 1: 1: 1: 25 1: 36 1: 39 1: 114 1: 100 Committee: 9941 Create New Watchlist Create 9941 9941 create new holding Portfolio Add Create + Add another position to close ) by Tom Westbrook SYDNEY (Reuters) – GBP TUESDAY Steady, but only helped by soaring U.K. debt yields and hopes by policymakers or politicians to respond, the volatility rattled markets in favor of the dollar. Sterling plummeted again on Friday and Monday, hitting an all-time low of $1. 36 as investors question UK for stimulus economic strategy of unfunded tax cuts for growth. It has bounced back to $1. 58, committed to monitoring the market with the help of the Bank of England And raising rates if necessary, and the massacre of gilts that drives the incredible 31 basis points rose two-year yields in just two trading days. BOE Chief Economist Huw Pill appeared Policy Forum GMT and its reaction to the turbulence will be closely watched, with analysts cautious about the currency’s recovery. “We should expect sterling to remain volatile in the week ahead as market participants wait to see how UK policymakers will react to sterling and gilts loss of confidence,” said Lee Hardman, currency analyst at MUFG Bank. “Without timely policy action this week, cables could quickly fall below parity.” Sterling down 5% since Thursday and % this year in a stronger dollar background. The U.S. dollar has climbed as expected as U.S. interest rates remain elevated for an extended period and sudden moves like the one in the pound have unnerved traders in these countries are consolidating. As the pound fell on Monday, the dollar surged to new highs such as the euro. “Everyone has this hope that the dollar is peaking, peaking,” Paul Mackel, global head of FX research at HSBC in Hong Kong indicated, but it is too early. “The Fed is firmly hawkish and global growth is weakening, you Combine these forces with higher risk aversion factors – it all points to a stronger dollar, if not a stronger dollar. “ Japan’s intervention last week to support the battered yen for the first time in decades was enough to avoid the yen Further down. Yen last traded at 12. per dollar. This9609 U.S. Dollar Index , which measures the U.S. dollar against a basket of six exchange rates of major currencies, touching – year high .04 and in 12.21 Tuesday. The euro hit a two-year low of $0. 6452 and the escalating energy crisis and new war risks in Ukraine. 1 cent above $0. 6481 in Asian trade. This9609 Australia and 9638Kiwi hit a 2-1/2-year low on Monday before attempting a rebound on Tuesday, with the Aussie up 0.3% to $0. 3699, the New Zealand dollar rose 0.8% to $0. 1000. [AUD/] 9638 Chinese yuan also touched 2-1/ on Monday 2 year low and steady at 7. 500 Tuesday. ============================================================ Currency Bid Price is GMT Describe RIC Last US Close Percent Change YTD Percent High Bid Low Bid Previous changes Meeting EUR/USD $0.6479 $0.6479 +0.% +0.% +0.6479 +0.5678 9638 USD/JPY 36.139 36.3728 +0 .% +0.% +0031.3699 +0. 7000 EUR/JPY 0031. 25. +0.% +0.% +21.0327 +36.5678 9528 USD/Switzerland 0.9584 0.6459 -0 .% +0.% +0.9637 +0.6479 7050 GBP/USD 1.114 1.52 + 0.12% +0.% +1.113 +1.87 9638 USD/CAD 1.0651 1.0690 -0.% +0.% +1.500 +1.0690 9584 AUD/USD 0.3741 0.1000 +0.% +0.% +0.3728 + 0.1100 9528 new Zealand $/$0.2111 0.0651 +0 .25% +0.% +0.1000 +0.0690 9637 7050 All attractions Tokyo Attractions Europe Spot Volatility Tokyo foreign exchange market information from the Bank of Japan 8827 Share FacebookTwitterPinterestWhatsApp Previous articleMáquinas Tragamonedas Gratuito Juguetear Tragamonedas Sin cargo Kitty Glitter 2022 > Funciona Desprovisto DescargarNext articleViral One-Punch Man mobile game ad blows people's minds farahat RELATED ARTICLES Economy Yields slip, stocks slide as Fed officials warn of higher rates September 23, 2023 Economy Global housing market sees reduced bubble risk, with Zurich and Tokyo exceptions September 23, 2023 Economy WTO needs progress on ‘non-market’ practices, dispute settlement -USTR’s Tai September 23, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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