Sterling extended gains against the dollar on Thursday, before an expected show of support for the British economy from the Bank of England and the government to limit the economic hit from the coronavirus outbreak.
The BoE, which made two emergency rate cuts and ramped up its bond-buying programme this month, publishes its latest monetary policy statement. It is expected to hold fire on further action for now but stress it is ready to do more - probably by expanding its bond-buying even more - if needed to stop a coronavirus-related shutdown from plunging the country into a long recession.
The pound edged up versus the greenback on Thursday after two previous days of gains and was last up 0.5% at $1.1928. Against the euro it fell 0.2% to 91.80 pence per euro.
13 Jul 2020 04:57 PM
Indian shares ended higher on Monday, led by a rally in Reliance Industries, ahead of June's inflation data which investors bet would lead to further interest rate cuts by the central bank.
13 Jul 2020 02:43 PM
The Indian rupee was little changed against the greenback, amid focus on decline in the dollar index
13 Jul 2020 11:45 AM
Indian shares climbed on Monday, as investors bet June inflation data later in the day would lead to further interest rate cuts by the country's central bank, while Reliance Industries gained for a third session.
13 Jul 2020 11:15 AM
The yuan hovered around the key 7 per dollar threshold on Monday, ahead of economic data this week
13 Jul 2020 10:45 AM
Gold prices rose on Monday, holding ground above the key $1,800/oz level, as a weaker dollar and worries over surging COVID-19 cases around the globe kept the safe-haven metal underpinned.
13 Jul 2020 10:31 AM
The Indian rupee was at 75.1275/75.1375 to the dollar against 75.2000/75.2100 in the previous session