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Sterling pressured after Carney’s comments
(Gulfnews - 20/09/2017)

Sterling slipped against the dollar on Tuesday, kept under pressure after a nearly 1 per cent slide on comments from Bank of England governor Mark Carney, who said interest rates rises in coming months would be limited and gradual. The pound rose as much

Oman committed to currency peg
(Saudi Gazette - 18/09/2017)

The new executive president of Oman’s central bank said on Sunday that his country remained committed to the rial’s currency peg against the US dollar. Tahir Salim Al-Amri, a former director-general of treasury and accounts at the Ministry of Finance,

Pound hits one-year high as CPI data boost rate-hike odds
(Gulfnews - 13/09/2017)

The pound rose to a one-year high against the dollar after UK inflation accelerated more than forecast, prompting investors to bring forward expectations for an interest-rate increase by the Bank of England next year. Sterling strengthened against all of

Pound faces tests as vote on Brexit bill, BOE rate review loom
(Gulfnews - 12/09/2017)

Traders who have placed bullish bets on the pound may find their nerves tested this week, with sterling likely to buffeted by everything from Brexit to the Bank of England. Sterling posted its biggest weekly gain versus the dollar since June last week,

Italy’s currency schemes a long road to euro exit
(Oman Daily Observer - 12/09/2017)

Italy’s main opposition parties are replacing their calls to leave the euro with apparently less radical proposals to flank it with a new currency they say can boost growth and jobs. Yet if any of their schemes are adopted with success they may convince

Yuan surge feeds speculation policymakers to loosen control
(Gulfnews - 10/09/2017)

A stunning rally by the yuan is prompting speculation that Chinese policymakers are loosening their iron grip on the currency. After spending much of the year trading in a narrow range, the yuan has surprised market watchers by leaping 5 per cent this

Slumping dollar is turning China’s yuan into surprise haven
(Gulf Times - 07/09/2017)

Two years after Chinese policy makers devalued the yuan, an act that torpedoed global markets, traders are starting to view the currency as a sure bet. The yuan has surged 3.9% to be the best performer in Asia this quarter, while momentum indicators are

Pound’s summer woes set to continue as UK Parliament returns
(Gulfnews - 05/09/2017)

The pound posted its fourth straight monthly decline versus the euro in August and the outlook for September may not be much rosier. Sterling concluded a second weekly advance against the dollar Friday. Still, that wasn’t enough to prevent its steepest

Uzbekistan drops currency limits in forex overhaul
(Saudi Gazette - 04/09/2017)

Uzbekistan said Sunday that it would no longer fix its currency (so’m) to the dollar, letting the market determine its value in an overhaul of foreign exchange polices that could help the country entice more foreign investment. In a decree published on

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