Western Union notes: A trio of factors has formed quite a supporting cast for the pound which soared to seven-month highs against the dollar and fared even better on a broadly weighted basis, notching seven-year peaks. T…
A trio of factors has formed quite a supporting cast for the pound which soared to seven-month highs against the dollar and fared even better on a broadly weighted basis, notching seven-year peaks.
The pound has found durable support in renewed optimism in the U.K. economy. Retail sales topped forecasts today (+0.2% vs. forecast of zero), while wage growth this week proved the fastest in years.
Greece's debt troubles have burnished the pound's safe haven allure, while a weaker greenback has also worked in the pound's favor. The pound has strengthened more than 9% since hitting 5-year lows against the dollar 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…
