Tag: higher yielding

Pound steady in Asia on hopes for stimulus

TOKYO, Japan (AFP) — The pound held steady Wednesday and demand for higher-yielding currencies picked up as traders considered a meeting of Japanese officials and the possibility of fresh stimulus to counter the impact of Britain’s EU exit. In Tokyo, sterling bought $1.3328 slightly down from $1.3340 in New York where it had made gains after plunging to a 31-year-low $1.3121 earlier in the week. Japanese Prime Minister Shinzo Abe, Bank of Japan Governor Haruhiko […]