Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Other-Markets
Close

News on Currency markets such as Rupee, Call money etc.

 
British Pound jumps from two and half month low
19-May-26 12:18Hrs IST

British Pound jumped from a two and half month low against the US dollar after the International Monetary Fund (IMF) upgraded its forecast for the UK's growth this year, but warned the Iran war and domestic uncertainty could hit the economy. The growth estimate has been upgraded to 1% from 0.8% for 2026 by the IMF. The upgrade comes after figures released last week showed UK economy turned in a positive performance as country's Q1 2026 GDP figures showed a rise of 1.1% year-on-year, compared to the 1% recorded in Q4 2025. This pushed up GBP/USD from lows around 1.3300 and the counter zoomed up more than 0.60% in last session. It currently trades at 1.3400, up marginally on the day. On NSE, GB/INR futures are quoting up 0.24% at 129.11 after hitting highs above 1.2930 in early morning trades.

Powered by Capital Market - Live News

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise