The Sterling Pound traded on a flat note in the last week on the back of mixed market sentiments which exerted downside pressure on the currency. While on the other hand, favorable economic from the country supported an upside in the currency. Further, weakness in the DX acted as a positive factor for the Sterling Pound. The currency touched a weekly high of 1.6839 and closed at 1.6803 on Friday.
UK’s Retail Sales grew at slow pace of 0.1 percent in March as against a rise of 1.3 percent in February. British Bankers' Association (BBA) Mortgage Approvals declined by 1300 to 45,900 in March from 47,200 a month ago.
In today’s trade, the Sterling Pound is likely to trade on a negative note on the back of strength in the DX. Further, weak market sentiments will act as a negative factor for the Sterling Pound.
www.punjiniveshonline.com
www.punjiniveshonline.com
UK’s Retail Sales grew at slow pace of 0.1 percent in March as against a rise of 1.3 percent in February. British Bankers' Association (BBA) Mortgage Approvals declined by 1300 to 45,900 in March from 47,200 a month ago.
In today’s trade, the Sterling Pound is likely to trade on a negative note on the back of strength in the DX. Further, weak market sentiments will act as a negative factor for the Sterling Pound.
www.punjiniveshonline.com
www.punjiniveshonline.com
After a brief overnight pause, the rupee was again caught in a downward spiral and slipped by 12 paise to 64.12 against the US dollar today on fresh demand for the American currency from banks and importers amid persistent foreign capital outflows.Forex tips
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