Sterling dips against dollar as stocks slide | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

LONDON, July 27 — Sterling dipped against the dollar today as global stock markets sank led by a heavy sell-off in Chinese shares, which sapped risk sentiment and drove a bid for dollars ahead of a US Federal Reserve policy meeting. The pound has been particularly sensitive to risk sentiment in...

LONDON, July 27 — Sterling dipped against the dollar today as global stock markets sank led by a heavy sell-off in Chinese shares, which sapped risk sentiment and drove a bid for dollars ahead of a US Federal Reserve policy meeting.

“Sterling’s move lower this morning looks to have been driven by the generally rather nervous and risk-averse tone that is dominating the markets this morning, stemming again from the ongoing carnage in Chinese tech stocks,” said Michael Brown, senior market analyst at Caxton FX. Besides the two-day Fed meeting beginning later on Tuesday, investors will also look to the Bank of England meeting next week for future direction.

ING strategists said in a note to clients that euro-sterling appears to have closed “a meaningful part” of its “prior misvaluation” and is now close to a short-term fair value of 85 pence, based on their financial fair value model.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Affin Hwang Investment Bank offers stock trading account service through eInvest Go | Malay MailKUALA LUMPUR, July 26 — Affin Hwang Investment Bank Bhd has launched eInvest Go, a fully online and seamless account opening service for clients to trade and invest in more than 900 stocks listed on Bursa Malaysia. In a statement, chief executive officer Mona Suraya Kamaruddin said the bank has...
Källa: malaymail - 🏆 1. / 86 Läs mer »