Quotes from Western Union:- Sterling shed a little buoyancy to the greenback after its burst to new six-week highs this week and to six-year peaks for the U.K. currency on a trade-weighted basis. - Dovish Fed minutes saw…
- Sterling shed a little buoyancy to the greenback after its burst to new six-week highs this week and to six-year peaks for the U.K. currency on a trade-weighted basis.
- Dovish Fed minutes saw the interest rate advantage U.S. assets hold over their U.K. counterpart narrow, supporting the pound. Sterling also got a boost this week from upbeat jobs data that suggested a U.K. rate hike may not be on such a far off horizon.
- The next critical driver of GBP sentiment will be a Friday report on U.K. retail sales which are forecast to fall in January. Underwhelming news on the U.K. consumer would risk knocking sterling another rung lower.
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…
