Western Union:A hawkish tinge to the latest Bank of England minutes helped sterling catch a modest bounce against the otherwise stronger greenback. All nine officials voted to keep U.K. rates parked at record lows of 0.5…
A hawkish tinge to the latest Bank of England minutes helped sterling catch a modest bounce against the otherwise stronger greenback. All nine officials voted to keep U.K. rates parked at record lows of 0.50%.
But some officials saw potential scope for interest rates to eventually rise with unemployment running at 2008 lows of 5.5%. Still, any U.K. rate hike seems a long way off after data this week showed inflation dipped below zero to new record lows and levels last touched more than a quarter century ago.
The next fundamental driver for the pound arrives with retail sales Thursday which are forecast to return to the growth column in April.
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…
