Western Union notes:Sterling flirted with one-month highs after British inflation climbed above record weak levels and the lowest since the 1960s. As expected, consumer prices rose 0.1 percent in May from a brief stint b…
Sterling flirted with one-month highs after British inflation climbed above record weak levels and the lowest since the 1960s. As expected, consumer prices rose 0.1 percent in May from a brief stint below zero in April. The modest rise will offer a little relief to policymakers.
Still, inflation has a long way to go to get back to central bankers' target of 2 percent. Lots more risk events ahead of the pound this week with central bank minutes due Wednesday along with unemployment data and retail sales on Thursday.
The pound is also sure to be impacted by the Fed's decision Wednesday. Could a brush with $1.60 soon be on the cards for sterling? It would if the Fed Wed should offer little reason for traders to add to their bullish bets on the dollar.
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…
