Quotes from Capital Economics:
- Sterling is one of the only major currencies to have appreciated against the US dollar over the past month. However, we doubt its renewed strength will last.
- We forecast sterling's exchange rate against the dollar to fall back towards our end-year forecast of $1.50 from its current level of around $1.54.
Commentary
Sterling’s gains unlikely to be sustained: Capital Economics
Quotes from Capital Economics:- Sterling is one of the only major currencies to have appreciated against the US dollar over the past month. However, we doubt its renewed strength will last.- We forecast sterling's exchan…
Related articles
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
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…
FxWirePro- Bitcoin Whales accumulation (positive for Bitcoin)
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…
U.S. personal income and spending rose less than expected in August
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…
