A mixed U.K. pound strengthened against the weaker euro but lost ground to the firmer U.S. currency. Election uncertainty leaves the pound vulnerable to selling when it bounces higher which it did last week when it appreciated some 3 cents against the greenback for its best weekly outing in almost 2 years.
Critical drivers lurk over the coming days when Bank of England minutes get released Wednesday followed by U.K. retail sales on Thursday. Both events should shed some light on the outlook for monetary policy, a primary driver of sterling sentiment.
Commentary
GBP review
A mixed U.K. pound strengthened against the weaker euro but lost ground to the firmer U.S. currency. Election uncertainty leaves the pound vulnerable to selling when it bounces higher which it did last week when it appre…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
U.S. personal income and spending rose less than expected in August
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
