Pound sterling

Naira holds steady at N1,837/£1 as Dollar squeezes British Pound

British Pounds Sterling traded at N1,837/£1 against the naira in Nigeria’s foreign exchange market as the trading session kicked off Thursday. The British sterling was exchanged within the band of N1,813/£1 and N1,862/£1 this month. Short-term fluctuations centred on a reference of N1,840/£1 remain likely as an anchor. However, Unquenched Nigerian FX demand for Pounds remains strong given the rise…

EURO

Euro edges down, while US NFP takes centre stage

The Euro (EUR) trades marginally lower at around 1.1545 against the US Dollar (USD) during the European trading session on Friday. The major currency pair edges down as the US Dollar ticks up, while investors shift their focus to the United States (US) Nonfarm Payrolls (NFP) data release on Friday.At press time, the US Dollar Index (DXY), which gauges the…

Pound sterling

Buy EUR Dips On Autumn UK Budget Risks

UK analysts expect EUR/GBP to move higher as fading BoE rate-hike bets and autumn Budget concerns expose the Pound Sterling to renewed selling pressure. The Euro to Pound exchange rate (EUR/GBP) held near 0.8580 on Thursday, with Rabobank favouring further gains as the summer draws to a close. EUR/GBP has recovered from July’s low near 0.8455 after Sterling’s earlier rally…

Euro

EURO

Euro edges down, while US NFP takes centre stage

The Euro (EUR) trades marginally lower at around 1.1545 against the US…

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