Sterling strengthened closer to $1.50 against the greenback but remained on an otherwise fragile footing following the previous day's poor inflation report. For more than a year, U.K. inflation has been on the decline, c…
Sterling strengthened closer to $1.50 against the greenback but remained on an otherwise fragile footing following the previous day's poor inflation report.
For more than a year, U.K. inflation has been on the decline, culminating with a zero reading in February, the lowest on record that effectively pushed further from view the chance of a U.K. interest rate hike any time soon. Moreover, the deteriorating trend in inflation added credence to remarks last week from a senior Bank of England official who saw about an even chance of the bank cutting rates as raising them as the next move.
Next on the radar to drive the pound will be Thursday data on U.K. retail sales which are forecast to rise after falling in January.
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…
