Sterling took several steps back from recent five-month highs above $1.58 as election elation subsided and area inflation somewhat unexpectedly tipped into the red for the first time since 1960. Annual consumer prices we…
Sterling took several steps back from recent five-month highs above $1.58 as election elation subsided and area inflation somewhat unexpectedly tipped into the red for the first time since 1960.
Annual consumer prices were down 0.1 percent in April versus forecasts of no change or a zero reading. No imminent sign of a bottom in falling U.K. inflation suggests it may be a longer wait for an eventual interest rate hike by the Bank of England.
More catalysts lurk for the pound in BOE minutes on Wednesday and U.K. retail sales on Thursday.
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…
