Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
BNN: U.K. budget speech steadies sterling
 
LONDON - Britain's pound recovered from morning losses on Wednesday to turn briefly flat on the day against the euro and regain a foothold against the dollar as Finance Minister Philip Hammond delivered his 2017 budget statement.
The pound, under pressure from signs of flagging consumer demand and nerves over upcoming Brexit negotiations, started gaining as Hammond began speaking in parliament and rose further after he upgraded some official economic and budget forecasts.
By 1259 GMT, it traded 0.2 per cent lower on the day at $1.2177, up almost half a cent from the day's lows. It was marginally lower on the day at 86.67 pence per euro.
Britain's main FTSE exchange was broadly unchanged since the start of the budget speech, down 0.2 per cent on the day.
"The pound has risen off its lowest level against the dollar since mid-January in the past few minutes after chancellor Philip Hammond announced upgrades to the GDP forecasts," said David Cheetham, chief market analyst with retail broker XTB in London.
"Mr. Hammond has also stated that public borrowing will decrease significantly in 2017 to 51.7 billion pounds from the 68 billion seen previously in another development that has caused a mildly positive reaction."
Source