Quotes from Western Union:- Costs continued to grind higher for GBP buyers as the pound notched a new six-week peak in the $1.54s. The pound found supportive news in Britain's labor market as wage growth exceeded record …
- Costs continued to grind higher for GBP buyers as the pound notched a new six-week peak in the $1.54s. The pound found supportive news in Britain's labor market as wage growth exceeded record low inflation and unemployment unexpectedly fell a notch to 5.7 percent, a more than six-year low.
- Sterling also had to contend with minutes from the Bank of England's last gathering which showed a second straight unanimous vote of 9-0 to keep interest rates at record lows of 0.5 percent. The minutes didn't do much damage to those holding out hope for a sooner than expected U.K. rate hike.
- With the pound slightly in the red on the year versus the greenback, the current market remains excellent for GBP buyers to take cover and lock in coming exposures at fairly attractive levels.
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…
