The otherwise weaker U.S. currency eked out a gain against sterling which continued to suffer from scaled back expectations for a U.K. interest rate hike. Uncertainty ahead of Britain's general election in early May serv…
The otherwise weaker U.S. currency eked out a gain against sterling which continued to suffer from scaled back expectations for a U.K. interest rate hike. Uncertainty ahead of Britain's general election in early May served as another weight on the pound.
Sterling isn't far from last week's five-year low under $1.47, so an excellent market for GBP buyers to take cover. U.S. importers though want to manage their exposure carefully with crucial news this week on Britain's economy that could potentially take the pound lower.
U.K. inflation on Tuesday, forecast to plumb fresh record lows closer to zero, and retail sales on Thursday should serve as the next catalysts for the pound.
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…
