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Britain is focused on growth, not market moves: Finance minister

25 Sep 2022

British finance minister Kwasi Kwarteng said on Sunday that he was focused on boosting longer-term growth, not on short-term market moves, when challenged over the sharp fall in sterling and...

Bank of England hikes rates but avoids more aggressive measures

22 Sep 2022

Britain’s central bank raised its key interest rate by another half-percentage point on Thursday, avoiding more aggressive steps to tame inflation that the US Federal Reserve and other banks have...

Pound falls to 37-year low

16 Sep 2022

Sterling tumbled to a fresh 37-year low on the US dollar on Friday, and a 19-month trough on the euro, after weaker-than-expected retail sales figures added to worries about the...

Indian rupee slips to record low, RBI steps in

29 Aug 2022

The Indian rupee dropped to an all-time low versus the dollar on Monday on bets the Federal Reserve will keep a restrictive stance for longer, prompting the Reserve Bank of...

US dollar gains as investors brace for higher rates

29 Aug 2022

The US dollar extended its rally on Monday, hitting a five-week high on the yen after US Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for...

Stocks slide, dollar cuts losses as Powell warns of economic pain

26 Aug 2022

Global stock markets slumped on Friday, hurt by weakness on Wall Street after Federal Reserve Chair Jerome Powell said the US economy will need tight monetary policy “for some time”...

Indian rupee dips for second week as US dollar gains

19 Aug 2022

The Indian rupee ended the holiday-shortened week lower on Friday as worries of an economic slowdown in developed economies bolstered an already firm dollar. The partially convertible rupee fell to...

Gold defies Q2 headwinds with year-on-year recovery

31 Jul 2022

Staff Reporter, Gulf Today The World Gold Council’s latest Gold Demand Trends report reveals that gold demand (excluding OTC) in the second quarter was down 8% year-on-year to 948t....

Fitch revises Pakistan’s outlook to negative

19 Jul 2022

Ratings agency Fitch on Tuesday revised its outlook on Pakistan to negative from stable, citing a deterioration in the country’s external liquidity position and financing conditions as well as the...

Pakistani rupee plunges to all-time low against US dollar

18 Jul 2022

The Pakistani rupee on Monday plunged to an all-time low of 215 against the US dollar in the interbank trade, according to the Exchange Companies Association of Pakistan (ECAP) as...

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