Home / Market Update (page 1855)

Market Update

GBP Maintains Gains Against USD

The British Pound (GBP) is rising against the US Dollar (USD), as the latter is declining across the board. This comes amid the continued uncertainty surrounding the outcomes of the presidential elections. The GBP/USD is trading higher by 0.81% at 1.3093. The pair has been moving in a range between …

Read More »

European Stocks Finish Higher

European stocks closed higher on Thursday, amid anticipation for election results in the United States, which seem to not have affected equity markets so far. The pan-European STOXX 600 index gained 1.18% or 4.27 points, to close at 367.58 points. The UK’s FTSE100 finished higher by 0.50%. Meanwhile, the French …

Read More »

UK to Pump GBP 200 B in Stimulus Spending

The British Ministry of Finance is pumping GBP 200 billion in economic stimulus, Finance Minister Rishi Sunak announced on Thursday. This comes after the Bank of England announced that it has expanded its asset purchase program by GBP 150 billion. The move to purchase government debt will help the cabinet …

Read More »