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Discover Latest #Sterling News, Articles and Videos with Contenting
- ABC News ABC News features a wide variety of stories and videos related to sterling, a form of currency used in many countries. In addition to news stories about changes in the value of sterling and its impact on the global economy, ABC News also produces stories about the history of sterling, the British Royal Family's relationship with the currency, and other topics related to the currency. There are also videos about the making of British coins and the history of the Bank of England.
GBP/USD expected to be between 1.3300 and 1.3400 – UOB Group
Pound Sterling (GBP) is likely to trade in a range vs US Dollar (USD), expected to be between 1.3300 and 1.3400. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
GBP/USD remains below 1.3335 – UOB Group
Provided Pound Sterling (GBP) remains below 1.3335 against US Dollar (USD), it could edge lower to 1.3265. In the longer run, the current price movements are part of a 1.3240/1.3450 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Focus Turns to UK Today, Not Only Because of BoE Meeting - Action Forex
Focus turns to the UK today. Not only because of the scheduled BoE policy meeting, but also as US President Trump is expected to announce a framework of a trade deal with the UK. It’s the first such announcement which should start negotiations on tariff rates, non-tariff barriers, digital trade,… in coming months. Sterling welcomed the news with EUR/GBP dipping below the 0.85-handle this morning. The UK central bank is expect to deliver a 25 bps rate cut. A new Monetary Policy Report will balance growth and inflation risks and might put the BoE on a more activist future path compared to the quarterly cutting pace in place since August of last year.
Sterling in Focus as BoE Decision and US-UK Trade Deal Speculation Loom - Action Forex
Trading in the forex markets remains subdued. Fed’s policy announcement overnight triggered minimal market reaction, as it delivered a widely expected hold at 4.25–4.50%. While Fed acknowledged that risks of both higher unemployment and higher inflation have increased, Chair Jerome Powell made it clear that rate cuts are not imminent.
GBP: Bullish mood can continue – ING
The Pound Sterling (GBP) strengthened yesterday as the Bank of England sent some hawkish signals while cutting rates by 25bp. The announcement of the UK-US trade deal later in the day added some support to the pound, but that was short-lived, ING's FX analyst Francesco Pesole notes
Pound Sterling gains against US Dollar, US-China trade talks in focus
The Pound Sterling (GBP) recovers intraday losses and moves higher to near 1.3270 against the US Dollar (USD) in European trading hours on Friday. The GBP/USD pair attracts bids as the US Dollar corrects slightly after a strong upside on Thursday.
NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m - ForexTV
Company Announcement 9 May 2025Announcement No. 16 NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m NKT CEO Claes Westerlind says: - In Q1 2025, NKT continued the execution of high-voltage projects, and we delivered organic revenue growth of 11% and operational EBITDA of EUR 81m. We executed on our ongoing investments across production sites and announced the completion of the medium-voltage capacity expansions in Falun and Velke Mezirici. Additionally, in April we concluded Q1 negotiations and signed a supply agreement with Hydro, strengthening our European value chain and ensuring security of aluminium supply until 2033. These steps underscore our commitment to business excellence and our strategic focus on supporting the energy transition and enhancing value for both our customers and shareholders. Financial highlights EURmQ1 2025Q1 2024Revenue*630534Organic growth11%27%Operational EBITDA8175Operational EBITDA margin*12.9%14.1% * Std. metal prices Financial outlook for 2025The financial outlook remains unchanged from Company Announcement No.11 of 21 February 2025. Revenues (in std. metal prices) is expected to be approximately EUR 2.37-2.52bn and operational EBITDA is expected to be approx. EUR 330-380m. The financial outlook is based on several assumptions, including: Satisfactory execution of high-voltage investments and projects to deliver on expected profitability marginsSatisfactory operational execution across business linesStable market conditions for Applications and Service & AccessoriesNormalised offshore power cable repair work activityStable supply chain with limited disruptions and access to the required labour, materials, and servicesStable development in the global economy, foreign currency, and metal prices 11% organic growth and operational EBITDA of EUR 81mIn Q1 2025, NKT’s revenue (in std. metal prices) amounted to EUR 630m, an increase of EUR 96m compared to Q1 2024, corresponding to 11% organic growth. In Solutions, the growth was driven by high activity level and overall satisfactory project execution, while the increased revenue in Applications was mainly due to the acquisition of SolidAl in June 2024, and organic growth driven by additional medium-voltage production capacity. In Service & Accessories, revenue was below the level of Q1 2024, which included a large scope of offshore repair work on a legacy service agreement. Operational EBITDA increased to EUR 81m in Q1 2025 from EUR 75m in Q1 2024. The increase was driven by higher revenue. The operational EBITDA margin was 12.9% in Q1 2025, representing a decrease of 1.2 %-points compared to Q1 2024. All three business lines contributed to the increased operational EBITDA, while the decline in operational EBITDA-margin was mainly due to natural fluctuations in the project business. At end-Q1 2025, the high-voltage order backlog was EUR 10.7bn (EUR 9.4bn in std. metal prices) compared to EUR 10.6bn (EUR 9.3bn in std. metal prices) at end-Q4 2024. During the quarter, NKT supplemented its high-voltage order backlog with a number of relatively smaller orders, including variation orders to existing projects. Free cash flow amounted to EUR -308m in Q1 2025 driven by the ongoing investments and a negative contribution from changes in working capital due to the phasing between milestone payments and project execution in Solutions. At end-Q1 2025, NKT maintained a robust balance sheet, with net interest-bearing debt of EUR -953m. Execution of the high-voltage investment programme progressed as planned during Q1 2025. At the expansion of the site in Karlskrona, Sweden, several work streams were in intense execution phases and, among others, NKT progressed with work inside the new extrusion tower, construction of surrounding production buildings and installation of machinery. The new production capacity and the new cable-laying vessel, NKT Eleonora, are expected to be operational from 2027. Segment key financial highlights Q1 2025 Revenue*Operational EBITDAOp. EBITDA margin*EURmQ1 2025Q1 2024Q1 2025Q1 2024Q1 2025Q1 2024Solutions388321575214.7%16.2%Applications20315318168.9%10.5%Service & Accessories707413619.3%8.1%Eliminations between segments and non-allocated costs-31-14-71 NKT630534817512.9%14.1% *Std. Metal prices TeleconferenceNKT A/S hosts a teleconference for investors and financial analysts at 10:00am CEST on 9 May 2025. The presentation to be used during the call will be available before the start of the teleconference. To attend, please register and access on investors.nkt.com ContactsInvestorsJacob Johansen, Head of Investor Relations+45 2169 3591 / jacob.johansen@nkt.comPress Louise W. Naldal, Head of Group Communications+45 2982 0022 / louise.westh.naldal@nkt.com Attachments NKT_Q1_2025_Cover letter_ENG NKT Q1 2025 Interim report