Arab Today, arab today pound hits 2year high against euro on scotland results
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Pound hits 2-year high against euro on Scotland results

Arab Today, arab today

Arab Today, arab today Pound hits 2-year high against euro on Scotland results

The euro tumbled to 0.7809 pounds
Tokyo - AFP

The British pound surged to a more than two-year high against the euro Friday, while it also rallied against the dollar as early results suggested Scotland will vote against independence from the United Kingdom.
The euro tumbled to 0.7809 pounds in early Tokyo trade, down from 0.7882 pounds and its lowest level since July 2012, as dealers welcomed initial returns pointing to a disappointing night for the "Yes" camp.
Sterling also jumped to $1.6522, its highest level since early September and much stronger than the $1.6389 in New York. It is also well up from the $1.6227 in Asia earlier Thursday.
The pound hit a six-year high of 180.16 yen, up from 178.78 yen Thursday.
The pound had suffered a sell-off in the past week after an opinion poll showed a majority of people in favour of leaving the 307-year-old union, which would have  hammered the economy.
"As we await the results of the Scottish Independence vote to come through this afternoon, the (pound) is anticipating that the 'No' vote will win," National Australia Bank said in a note.
In July, sterling hit its highest level against the dollar since 2008 during the financial crisis, but then plummeted to a 10-month low as polls showed strong gains for the "Yes" campaign.
A vote to stay in the United Kingdom "would remove uncertainty over some very big issues", said Alan Ruskin, global head of G10 foreign-exchange strategy at Deutsche Bank.
The pound "can now revert back to the traditional fundamentals which had been driving it, such as the relative strength of the UK economy and expectations of tightening by the Bank of England", he told Dow Jones Newswires.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pound hits 2year high against euro on scotland results Arab Today, arab today pound hits 2year high against euro on scotland results

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pound hits 2year high against euro on scotland results Arab Today, arab today pound hits 2year high against euro on scotland results

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday