The local unit fell to 6.0263 earlier before recovering slightly at 6.0120. The last time the ringgit breached the RM6 threshold was in May 2016 when the exchange rate stood at 6.0299.
Against the US dollar, the ringgit rose to 4.6500. The local unit also rose against the euro at 5.1262 and the Singapore dollar at 3.4753. The pound has been one of the top performing currencies so far in 2023. It has gained over 6% so far this year. Pound touched a fresh 15-month high on Wednesday after a Bank of England banking system stress test showed Britain's largest lenders have enough capital to ride out a potential economic crisis, firming bets for more BoE rate hikes ahead, Reuters reported.
The test showed Britain's eight biggest banks had enough capital to weather theoretical shocks under a scenario which the BoE said was more severe than the global financial turmoil of 2008 when British taxpayers had to bail out several lenders.The pound rose as high as $1.2970, its highest since April 2022, and was last trading just shy of that level, flat on the day at $1.2923.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia calls for fresh proposals for Kuala Lumpur-Singapore HSR projectKUALA LUMPUR: A formal request for information (RFI) exercise will be conducted by the Malaysian government this month to solicit private sector interest in constructing the high speed rail (HSR) from Kuala Lumpur to Singapore (KL-SG HSR).
Source: staronline - 🏆 4. / 75 Read more »
New proposals for Kuala Lumpur-Singapore High Speed Rail requested from local, international firms - paultan.orgMyHSR Corporation is requesting concept proposals from local and international firms for development and operation of the Kuala Lumpur-Singapore High Speed Rail (KL-SG HSR) project through a public-private partnership model, New Straits Times reported. A …
Source: paultan - 🏆 22. / 51 Read more »
Kerajaan perlu cari penyelesaian, bukan sekat mediaKUALA LUMPUR: Kerajaan digesa untuk tidak menyekat kebebasan media dalam melaporkan sesuatu berita demi kepentingan rakyat.
Source: UMonline - 🏆 27. / 51 Read more »
Tiada kenaikan melampau harga barang hingga hujung tahun - KPDN | Harian MetroKuala Lumpur: Kerajaan memberi jaminan tidak akan berlaku kenaikan melampau harga barang sehingga hujung tahun ini.
Source: hmetromy - 🏆 26. / 51 Read more »
PM Anwar chairing unity govt leadership council meetingKUALA LUMPUR, July 11 — Prime Minister Datuk Seri Anwar Ibrahim has arrived at Menara Dato’ Onn, Kuala Lumpur World Trade Centre here tonight to chair the Unity Government...
Source: malaymail - 🏆 1. / 86 Read more »
Selangor, KL, dan SanusiDengan jadinya Kuala Lumpur sebuah wilayah persekutuan, Selangor kehilangan hasil yang selama ini dijana oleh Kuala Lumpur.
Source: fmtoday - 🏆 5. / 72 Read more »