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At its lowest since 2017, the Pound Sterling is suffering from economic flashpoints brought by the impending Brexit. Its standing against the world's top currencies dove after seemingly recovering from the previous days, hit a 23-month low against the currency giants. While it started strong against the Dollar and the Euro in the early morning yesterday, it eventually succumbed to the dive which was perpetuated to today. The pair is now trading at 1.2134.
Sterling actually rose 0.3% to $1.2138 yesterday. However, it went perilously close to the low value of $1.2080 that it had reached early this month.
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
On Monday, Remington Arms Co. filed for bankruptcy protection for the second time since 2018 as the U.S. firearms manufacturer faced financial difficulties due to gun sales restrictions. According to the court filing, the company filed for ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The euro reached its highest level since early March after the European Union agreed on a deal for a massive stimulus package to support the bloc’s economy from the coronavirus pandemic. The deal was finalized after a round of compromises ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
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