Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD
WhatsApp Telegram LinkedIn Facebook X TikTok Instagram

Sterling rises on Johnson's cabinet reshuffle

Economies.com
2020-02-13 20:39PM UTC

The British pound rose against most major currencies today, after the British PM Boris Johnson conducted a government reshuffle.

 

The Chancellor of the Exchequer, Sajid Javed, announced his resignation, while the market anticipate cabinet reshuffles.

 

The BBC quoted informed sources that the former conservative Treasury Secretary, Rishi Sunak, will take over the post.

 

This came as Johnson wants a cabinet appointed to draft the coming plans for the UK after implementing the Brexit on January 31.

 

While the markets are anticipating the details around the future relations and Prime Minister Johnson's deal with Brussels.

 

Otherwise, the UK confirmed recently the first case of coronavirus in the country, and Japan revealed the first death.

 

As of 20:37 GMT, GBP/USD rose 0.7% to 1.3044, after the pair hit a high of 1.307 and a low of 1.2944.

Silver closes higher as coronavirus fears boost safe-haven demand

Economies.com
2020-02-13 20:59PM UTC

Silver futures rose on Thursday, lifted by increased safe-haven demand for precious metals due to mounted concerns over the coronavirus, while the US dollar held steadily.

 

The Chinese government revealed today that the virus death toll rose to more than 1360 victims, and infected about 60,000 people.

 

Estimates for the impact of the coronavirus crisis on the global economy are still underway, which propelled the analysts at the British bank HSBC to forecast that the Chinese economy growth will slowdown in the first quarter.

 

The dollar index held at 99.1 points as of 20:47 GMT, after hitting a high of 99.1 and a low of 98.8.

 

Silver futures rose 0.7% to close at $17.619 an ounce, with a day high of $17.715  and a low of $17.44.

Dollar holds as investor confidence rebounds

Economies.com
2020-02-13 19:56PM UTC

The US dollar steadied against most of its major counterparts today, as investor confidence in global markets started to return, to shrug off the latest developments of the coronavirus health crisis.

 

The Chinese government revealed today that the virus death toll rose to over 1360 victims, and infected about 60,000 people.

 

Data showed today that the US consumer price index reading rose by 0.1% during January, a little short of expectations of 0.2%.

 

While the initial jobless claims in the US increased in the past week by 2000 to a total of 205,000.

 

The US Senate today voted by a majority to pass a resolution limiting the powers of President Donald Trump to take military action against Iran, which comes after the president ordered an airstrike that killed the Iranian general, Qassem Soleimani, in Iraq.

 

The dollar index held at 99.1 points as of 19:45 GMT, after hitting a day high of 99.1 and a low of 98.8.

Gold closes higher on renewed fears over coronavirus

Economies.com
2020-02-13 20:04PM UTC

Gold futures rose today, as the dollar held steadily against most major currencies, amid renewed fears over the coronavirus outbreak.

 

The Chinese government revealed today that the virus death toll rose by more than 250 to 1367 victims, and infected about 60,000 people.

 

The US Senate today passed a resolution limiting the powers of President Donald Trump to take military action against Iran.

 

Data showed today that the jobless claims in the US increased in the past week, while the CPI reading rose by 0.1% during January.

 

The dollar index held at 99.1 points as of 19:58 GMT, after hitting a high of 99.1 and a low of 98.8.

 

Gold futures rose 0.5% to settle at $1,578.8 an ounce, with a day high of $1,581.7 and a low of $1,568.5.

Frequently asked questions

What is the price of GBP/USD today?

The price of GBP/USD is $1.3655 (2025-07-04 03:15AM UTC)