Sterling hit a seven-month high against the dollar and a 2-1/2 year peak versus the euro on Monday after fresh polls showed British Prime Minister Boris Johnson's Conservative Party has extended its lead in opinion polls before Thursday's election. The ruling Conservative Party extended its lead over the opposition Labour Party to 14 percentage points, up from 9 percentage points a week ago.
Sterling rose to as high as $1.3180 its highest level in seven months and was last up 0.25% on the day. The pound strengthened versus the euro to 83.94 pence its strongest level in 2-1/2 years. Expectations that the Conservative Party will win an outright majority in this week's election, ending a hung parliament and political paralysis on Brexit has boosted the pound in recent days.
24 Jan 2020 05:32 PM
India Rupee Falls For 2nd Weak, As China Virus Dents Risk Appetite
24 Jan 2020 04:31 PM
Indian shares close higher, banking stocks shine
24 Jan 2020 03:39 PM
British companies are enjoying their best month in more than a year, a survey showed on Friday, the strongest evidence yet of a post-election boost to the economy that could deter the Bank of England from cutting interest rates next week.
24 Jan 2020 02:49 PM
A group of ruling party lawmakers are working on a proposal for Japan to issue its own digital currency, one of the members said, in a sign of alarm Tokyo is feeling about Facebook's Libra and China's drive to create a digital yuan.
24 Jan 2020 12:27 PM
Indian shares edged higher in early trading on Friday, as investors assessed a clutch of corporate earnings reports and awaited the release of the Federal budget.
24 Jan 2020 11:46 AM
Gold edged lower on Friday after the World Health Organisation stopped short of declaring the China virus outbreak a global emergency, though prices were still on track to post a weekly gain.