• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Firm Dollar Adds Pressure to Sterling and Euro

8 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
3 min read
0 0
0
76
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

BoG Designates Digital Credit Services as Non-Bank Financial Service

Firm Dollar Adds Pressure to Sterling and Euro

The U.S. dollar drew strength from rising Treasury yields on Thursday, adding pressure to the pound and euro, while the yen edged up from recent lows, and the market waited for clarity on possible Trump tariffs.
The focus for markets in 2025 has been on U.S. President-elect Donald Trump’s agenda when he returns to the White House on Jan. 20, with analysts expecting his policies to both bolster growth and add to price pressures.
CNN on Wednesday reported that Trump was considering declaring a national economic emergency to provide legal justification for universal tariffs on allies and adversaries. On Monday, the Washington Post said Trump was looking at more nuanced tariffs, which he later denied.
Concerns that policies introduced by the Trump administration could reignite inflation has led bond yields higher, with the yield on the benchmark 10-year U.S. Treasury note hitting 4.73% on Wednesday, its highest since April 25. It was at 4.6628% on Thursday.
“Trump’s shifting narrative on tariffs has undoubtedly had an effect on USD. It seems this capriciousness is something markets will have to adapt to over the coming four years,” said Kieran Williams, head of Asia FX at InTouch Capital Markets.
The bond market sell-off has driven dollar strength, which is overshadowing other currencies.
Among the most affected was the pound. One of the best-performing currencies against the dollar in the last couple of years, it has fallen 1.9% over three days.
Sterling slid to $1.2239 on Thursday, its weakest since November 2023, even as British government bond yields hit multi-year highs. The pound was last down about 0.64% at $1.2285.
Ordinarily, higher gilt yields, meaning investors want a higher return for risk, would support the pound.

BRITISH GLOOM

As confidence in Britain’s fiscal outlook deteriorates, the sell-off in UK government bond markets resumed early on Thursday before a slight recovery that left 10-year and 30-year gilt yields around flat.
“Such a simultaneous sell-off in currency and bonds is rather unusual for a G10 country,” said Michael Pfister, FX analyst at Commerzbank.
“It seems to be the culmination of a development that began several months ago. The new Labour government’s approval ratings are at record lows just a few months after the election, and business and consumer sentiment is severely depressed.”
The euro also eased, albeit less than the pound, to $1.0298, close to the two-year low of $1.0224 it hit last week. Investors remain worried the single currency may fall to the psychological $1 mark this year due to tariff uncertainties.
Source: reuters
Via: norvanreports
Tags: EuroFirm Dollar Adds Pressure to Sterling and EuroSterling

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

BOST Holds 2025 AGM, Tasked to Deliver Profitability and Support Green Transition

Brussels Airlines Adds 5 More A320neo Aircraft to its Fleet

Bog Governor Hints at $4bn Inflows From COCOBOD Financing Deal to Support Cedi

Dangote to Build $2.5 Billion Fertiliser Facility in Ethiopia

Trending

Features

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle

August 29, 2025

Troubled Manchester United Boss Amorim Contemplates Future After Grimsby Debacle Manchester United manager Ruben Amorim has candidly...

African Athletes Shine in 2025 Diamond League: A Celebration of Talent

August 29, 2025
Governor of the Bank of Ghana (BoG), Dr Johnson Asiama,

BoG Designates Digital Credit Services as Non-Bank Financial Service

August 29, 2025

Finance Minister Urges Fairer Global Framework as Africa’s Debt Burden Hits $1.3 Trillion 

August 29, 2025

UK Pledges Support as Ghana Faces GIABA Assessment Amid Gold Sector Scrutiny

August 29, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.