Pound found a positive in the minutes from the latest Bank of England meeting which played up recovery prospects in the euro zone and see a case for U.K. inflation to rebound from record lows with the economy expected to…
Pound found a positive in the minutes from the latest Bank of England meeting which played up recovery prospects in the euro zone and see a case for U.K. inflation to rebound from record lows with the economy expected to maintain solid growth.
Downside risks for the pound remain however which makes the robust move like today's a great opportunity for GBP sellers to take advantage. Election risk is partially baked into the pound's exchange rate but not entirely.
Moreover, the central bank minutes showed that officials expect inflation to worsen and for a time fall below zero before eventually turning higher. Low inflation gives bankers scope to leave rates low and could afford them flexibility to even cut them, if necessary.
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…
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…
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…
