Egypt considers evaluating country's assets in dollars or pounds on case-by-case basis

Wed, 01 Mar 2023 - 04:41 GMT

The choice of currency in evaluating the shares to be sold is considered an obstacle in Egypt's attempt to secure foreign currencies to support the economy, which was harmed by the Russian invasion of Ukraine.

Flexible exchange rate helps stabilize commodity prices, avoid random pricing: Expert

Thu, 12 Jan 2023 - 10:11 GMT

The US dollar price started with a surge recording LE 32, and then decreased to LE 29.67 on Wednesday.

Egypt sets custom dollar at LE 18.64 for essential commodities in June

Wed, 01 Jun 2022 - 02:49 GMT

The price of the customs dollar is the price that the Ministry of Finance used to set for the dollar against the pound on a monthly basis.

Brexit nerves set pound on track for biggest monthly drop in a year

Thu, 30 May 2019 - 10:01 GMT

“The risk of a no deal and no Brexit have both increased and that’s why volatility remains low,” said Colin Asher, a senior economist at Mizuho.

Pound set for biggest losing streak vs euro as Brexit plan disintegrates

Wed, 22 May 2019 - 10:53 GMT

With the plan appearing dead in the water, some traders said they saw a rising chance of Britain leaving the European Union without a transition deal.

Firmer dollar and Brexit fears push sterling under $1.27

Tue, 21 May 2019 - 10:27 GMT

Rejection of the deal yet again would likely pave the way for May to be replaced by a eurosceptic Tory, possibly Boris Johnson.

Pound at three-month lows as May's fate, Brexit deal hang in balance

Thu, 16 May 2019 - 09:59 GMT

Britain’s deadline for leaving the EU is Oct. 31.

Sterling stuck at two-week low as investors await UK jobs data

Tue, 14 May 2019 - 09:58 GMT

“If firms have got a load of inventories, they are going to be producing less and using less labour.”

Pound steadies near $1.31 as Brexit talks resume

Tue, 07 May 2019 - 09:57 GMT

Against the dollar, the pound traded flat at $1.3090 and was steady against the euro at 85.48 pence.

Euro stuck near $1.12 after weak German data

Thu, 04 Apr 2019 - 08:54 GMT

The euro has remained in a range of $1.12-$1.16 in 2019 despite a slowdown in the euro zone economy that has prompted new stimulus from the European Central Bank.

Sterling rises as May faces pressure to go for soft Brexit

Mon, 01 Apr 2019 - 10:27 GMT

May’s deal was voted down for a third time by lawmakers on Friday, sending sterling plunging to below $1.30.

Pound edges lower as Brexit stalemate drags on

Thu, 28 Mar 2019 - 10:01 GMT

The British parliament’s bid to agree an alternative plan fell short, leaving the Brexit process as deadlocked as ever.

Sterling gains as MPs expected to vote against no-deal Brexit

Wed, 13 Mar 2019 - 10:03 GMT

The British currency has swung wildly between $1.30 and $1.33 in chaotic trading over the last 48 hours, but found some support in early London trading around $1.3150.

Sterling slips before key Brexit votes in parliament this week

Mon, 28 Jan 2019 - 09:49 GMT

The British currency edged a quarter of a percent lower to $1.3162 in early trading. Against the euro, it drifted 0.1 percent lower at 86.57 pence.

Pound extends rally on report British PM seals Brexit financial services deal

Thu, 01 Nov 2018 - 09:21 GMT

The pound jumped 0.9 percent to as high as $1.2881 GBP=D3, sending the currency to a five-day high.

Sterling falls to 2-1/2 week low on fear of challenge to PM May

Tue, 23 Oct 2018 - 08:41 GMT

The pound lost ground against the dollar and the euro, at one point falling close to 1 percent to the greenback, though it later clawed back some of the losses.

Pound hits 3-1/2 month high vs euro on fresh Brexit deal hopes

Wed, 10 Oct 2018 - 09:43 GMT

Britain’s ITV News reported late on Tuesday that the two sides had made progress in negotiations over an Irish border backstop, a key hurdle in reaching a Brexit deal.

Euro falls to a one-week low vs sterling

Thu, 30 Aug 2018 - 08:27 GMT

In early London trading, the euro weakened 0.2 percent to a one-week low against the British currency at 89.73 pence, taking its cumulative losses from the previous session to 1.3 percent.

Pound firm after EU offers Britain a post-Brexit partnership, dollar near 4-week low

Thu, 30 Aug 2018 - 08:21 GMT

The pound surged as fears of a ‘hard Brexit’ eased after Michel Barnier signalled an accommodative stance towards London in ongoing talks.

Pound falls as focus turns to Brexit

Mon, 20 Aug 2018 - 09:07 GMT

The pound has suffered six straight weeks of losses against the dollar, its worst run since 2014, even though data such as retail sales suggest the UK economy is holding up.