Sterling caught a broad pop and strengthened to two-month highs against the euro after U.K. consumers stepped up spending in April, which served as a reminder of the overall sound shape of Europe's No. 3 economy. The 1.2…
Sterling caught a broad pop and strengthened to two-month highs against the euro after U.K. consumers stepped up spending in April, which served as a reminder of the overall sound shape of Europe's No. 3 economy. The 1.2 percent gain in retail sales was three times stronger than forecasts of a 0.4 percent increase.
The U.K. consumer had turned frugal in March when spending contracted 0.7 percent. Sterling remains in a hole on the week against the dollar, still nursing a wound torn open by inflation figures which showed the first negative print in 55 years which reinforced Britain's low interest rate outlook for the foreseeable future.
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…
