In 2017, net foreign exchange loss was # 1.4 million, reflecting a weakening of the U.S. dollar
against pounds sterling during the year which negatively impacted the translation of our foreign deposits and investments at December 31, 2017.
In 2016, the net foreign exchange gain was # 2.3 million, primarily as a result of the unrealized gain on translation of cash deposits held primarily in U.S. dollars at year end, reflecting a strengthening of the U.S. dollar
against pounds sterling during the year.
The greenback slid against all of its major peers yesterday's, falling to an eight week low
against the pound sterling and sliding to 97.08 against the Japanese yen, amongst others.
Against the pound sterling, the US currency dropped more than one percent to end the session at 1.4139.
The buck rose to nearly a 2 - week high of $ 1.4006
against the pound sterling Friday, but has since retreated to around $ 1.4025.
During the same time period, the Canadian dollar lost 3 % against the Euro, lost 24 % against the Yen and gained 27 %
against the Pound Sterling.
Not exact matches
European stocks are sliding sharply for the fourth day in a row, and the
pound sterling is at a two - month low
against the dollar, having now lost 3 % in less than a week.
The Bloomberg British
Pound Index, which tracks
sterling against seven major peers, rose 0.4 percent and reached its strongest level since May on a closing basis.
Our financial position, as expressed in
pounds sterling, is exposed to movements in foreign exchange rates
against the U.S. dollar and the euro.
The
Pound Sterling hit a one - month low
against the Euro today on the back of retail sales data which showed an unexpected decline.
Immediately after results were announced, the British
pound sterling, one of the world's reserve currencies, collapsed spectacularly
against the dollar, plunging to levels not seen since Margaret Thatcher's administration.
Trading at the investors» window saw the Naira closed at N360.37 to the dollar, while it closed at N305.80, N408.18 and N365.03
against the Dollar,
Pound Sterling and the Euro at the CBN window.
Financial markets reacted positively to the result, with the
pound sterling rising
against the Euro and US dollar when the exit poll was published, and the FTSE 100 stock market index rising 2.3 % on 8 May.
The Times newspaper reports today that the
pound has fallen
against the Euro, despite the recovery in Britain's manufacturing sector, and
sterling volatility is now higher than before any major poll since 2000.
The
pound sterling has been rather stable from the start of 2017 trading between $ 1.20 and $ 1.27
against the dollar
From there, the idea of government responsibility in providing economic security and welfare grew, from unimaginable realities, such as the English Poor Laws of 1601 that called for the dependent poor population to wear a shameful P on their clothing, to shadows of our present Social Security system, like Thomas Paine's Agrarian Justice that called for a system that included annual benefits of 10
pounds sterling paid to every person age 50 and older, to protect
against poverty in old - age.
The yen was more or less flat
against the USD but the
Pound Sterling and Euro dropped in value in the past month.
In the face of an awkward UK - EU divorce (if and when it is triggered),
Pound Sterling (GBP) has fallen significantly
against the Euro, the United States Dollar (USD) and other global currencies since June 24.
In November 2015, the British
Pound Sterling (GBP) was trading
against the Euro (EUR) at 1.43 and
against the US Dollar (USD) at 1.52.