• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Pound Pressured On Rate Hike Uncertainty

By Kurt Osterberg · On April 20, 2018

The Pound Sterling remained close to a 2-week trough versus the US Dollar after the head of the Bank of England dampened investors’ expectations of a May rate hike. Mark Carney, the BoE Governor, pointed to “other meetings” occurring later this year which led investors to believe that the anticipated May rate increase might now be put on the back-burner. Also, Thursday’s release of disappointing retail sales data continued to weigh on the currency into Friday’s trading session in Asia.

As reported at 10:47 am (JST) in Tokyo, the GBP/USD was trading at $1.4074, down 0.08%; the pair earlier hit a trough of $1.4069, the lowest price in two weeks. The EUR/GBP is trading at 0.87691 Pence, a gain of 0.01431%; the pair has ranged from 0.87616 Pence to 0.87684 Pence.

G20 Meeting Could Alter Sentiment

In Asian trading, the Japanese Yen has eased broadly as geopolitical risks and the threat of a trade war between China and the United States appear to have lessened somewhat. Analysts say that the ongoing meeting of central bankers and finance ministers from the G20 nations in Washington, DC could have unexpected results if tensions arise, especially around the discussion of trade and the imposition of tariffs. They caution that those discussions could alter momentum for safe haven currencies like the Japanese Yen. Currently, the USD/JPY is trading at 107.715 Yen, up 0.32%.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

  • Finance

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

  • Finance

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

No Comments

Leave a reply Cancel reply

Top Finance

  • 3 Best Large-Cap Blend Mutual Funds For Enticing Returns 3 Best Large-Cap Blend Mutual Funds For Enticing Returns
  • What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage What is Value Chain Analysis? How to Deliver Value & Gain a Competitive Advantage
  • Hedge Funds In The US Hedge Funds In The US
  • 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement 5 Ridiculously Useful Non-Monetary Reward Examples that Improve Employee Engagement
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    STEPN Sneaker NFTs Sell For $100, Previously Worth $1200

    June 20, 2022
  • NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    NFT Prices in Free Fall – 5 NFT Collections to Start Buying Today

    June 20, 2022
  • 5 NFTs Trending on Twitter Going Cheap to Invest in Now

    5 NFTs Trending on Twitter Going Cheap to Invest in Now

    June 20, 2022
  • Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    Bill Gates – ‘NFTs & Crypto Based on Greater Fool Theory’

    June 20, 2022
  • Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    Actor Seth Green Pays $300,000 to Recover his Stolen BAYC NFT

    June 20, 2022
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018-2021 NJCEE. All Rights Reserved.