The election week is finally here and starts off with a holiday on Monday. General elections are scheduled on Thursday this week and this is expected to be one of the closest elections in the UK in a long time. As per op…
The election week is finally here and starts off with a holiday on Monday. General elections are scheduled on Thursday this week and this is expected to be one of the closest elections in the UK in a long time.
As per opinion polls no party is expected to win a clear mandate and that bring the prospect of a coalition which could be complicated and will impact the Sterling Pound. On Friday Sterling sold off about 1.4 percent after weak economic data.
Manufacturing PMI for April moved sharply lower to 51.9 from 54.0 in March and the market was expecting this number to further improve to 54.6. The large real-estate sector in UK also had some under par numbers with Mortgage approvals for March trending lower to 61.34k from 62.4k in February.
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…
