And the winner of the U.K. election so far is: uncertainty. Today's much anticipated vote is considered the closest contest in decades. Incumbent David Cameron's Conservative Party is seen in a footrace with Ed Miliband'…
And the winner of the U.K. election so far is: uncertainty. Today's much anticipated vote is considered the closest contest in decades. Incumbent David Cameron's Conservative Party is seen in a footrace with Ed Miliband's Labour Party for a majority stake in Britain's 650-seat parliament.
Polls are set to close at 5 p.m. EDT and most election results could come in subsequent hours. The outlook for sterling remains about a muddied as the prospects for a timely verdict on who will occupy 10 Downing Street over the coming 5 years.
Sterling is likely to adhere to its unpredictable path at least until the next administration can form a stable government which could potentially take days, maybe weeks. The longer political uncertainty flares, the more vulnerable the pound is seen.
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…
