DJIA25383.11
LIVE-17.53(-0.07%)
NDX9555.53
LIVE138.82(1.47%)

Sterling Drops Against Dollar as Rating Cut Clouds British Outlook


Monday, 30 March 2020 23:57 WIB

Sterling,Poundsterlingsterlingdolar


c_740_198_16777215_00_images_assets_CURRENCY3_0ne-pound-coin.jpg

Sterling skidded against the dollar on Monday, as the U.S. currency reasserted its safe haven status and Britain's economic outlook was knocked further by a credit ratings downgrade.

Last week the pound rose nearly 7% against the greenback as measures to inject liquidity into markets by the U.S. Federal Reserve and a $2 trillion stimulus bill to offset the economic effects of the coronavirus pandemic cooled dollar demand.

Ratings agency Fitch cut Britain's sovereign debt rating on Friday, saying debt levels would jump as it ramped up spending to offset a near shutdown of the economy.

By 16:00 GMT, the pound was down 0.4% at $1.2386, off its highest levels since March 13.

Source : Reuters


RELATED NEWS

  • The euro continued to rise on Thursday, boosted by a 750 billion euro (673.70 billion pounds) EU plan to prop up the bloc’s coronavirus-hit economies, though gains were limited as doubts about deliver...

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.