Commentary
Add as a preferred source on GoogleWestern Union:The dollar's general underperformance helped sterling recover from its lowest level in nearly a month. As expected, the Bank of England stood pat on policy and left its main lending rate at a record low of …
Western Union:
The dollar's general underperformance helped sterling recover from its lowest level in nearly a month.
As expected, the Bank of England stood pat on policy and left its main lending rate at a record low of 0.50%. This week's meeting minutes will be published on June 17, an already critical day for markets with the Fed due to announce a policy decision that day.
The pound remains a nickel cheaper than mid-May levels which it had soared to six-month highs.
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…
