pound rebounds
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Pound rebounds

Arab Today, arab today

Arab Today, arab today Pound rebounds

Pound rebounds
London - Arab Today

European stocks rose sharply on Tuesday, making their first gains since Britain’s shock vote to quit the EU, and the pound rebounded as investors returned to jittery markets.
Trading floors appeared to have put the initial panic of Brexit behind them, with investors snapping up bargains after two days of heavy losses.
“It’s been a welcome respite for European equity markets as investors start to absorb the impact of last week’s seismic miscalculation on the part of investors to the UK EU referendum outcome...” said Michael Hewson, chief market analyst at CMC Markets.
“Concerns remain around UK company access to the single market, and there is an element of repricing risk going on in that regard, but for now it appears markets are starting to settle into their new equilibrium,” he added.
London’s benchmark FTSE 100 surged 2.6 percent, as did the CAC 40 in Paris, while the DAX 30 in Frankfurt rose 1.9 percent.
Wall Street followed European markets higher, with the Dow climbing 0.7 percent in late morning trading.
A day after sliding to a three-decade low, the pound began a rebound in Asia trading and stood at $1.3309 in late European trading.
“The panic is behind us,” said Christopher Dembik, a Saxo Banque economist.

Source: Arab News

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*

pound rebounds pound rebounds

 



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*

pound rebounds pound rebounds

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday