GBP/USD Current price: 1.2342
The Bank of England is expected to leave the monetary policy unchanged, focus on forecasts.
UK’s Markit Construction PMI plummeted to 8.2 in April.
GBP/USD at risk of extending its decline in the short-term.
The GBP/USD pair fell to 1.2334, its lowest in two weeks, a
While rejecting US President Donald Trump’s call for the American pharmaceutical companies to return home, European Union (EU) Trade Commissioner Phil Hogan also cited fears of prolonged economic weakness in the region.
American companies don't locate in Ireland just because of they like
Despite extended stock rally in the US overnight, Asian markets turned mixed. Renewed weakness in oil price is a factor weighing on sentiments, as WTI crude oil is down at 11 handle, threatening 10 handle again. Gold also dips below 1700 handle, as Dollar is trying to recover. For the week so far, A
Indian shares opened sharply lower on Friday as weak cues from other Asian markets prompted traders to book some profits after two days of gains.
Also weighing on sentiment, Franklin Templeton Mutual Fund said it will shut down six yield-oriented, managed credit funds in India, effective April 23, d
Daily Pivots: (S1) 1.2340; (P) 1.2408; (R1) 1.2466;
Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.2144 minor support will suggest completion of the rebound from 1.1409 and turn bias to the downside for retesting 1.1409 low. On the upside, sustained break of 61.
In 2016 and 2017 to highlight the 45th year of the currency free float from January 1972, a series of research articles were published along with an article to market turning point years.
Market periods historically since the BOE was first established in 1694 as the first central bank last 50 years
Gold gains some traction for the second straight session on Thursday.
The risk-off mood continues to benefit the metal’s safe-haven status.
The ongoing fall in the US bond yields, weaker USD remained supportive.
Gold traded with a mild positive bias through the early European session and is current
The official start of the strategy review should be the highlight of this week's European Central Bank meeting. For any (subtle) changes in the ECB's risk assessment or forward guidance, market participants will have to wait until March
This week's press conference should be a rather risk-free pract
The pound slipped against its major counterparts during European morning deals on Monday, after U.K. Chancellor of the Exchequer Sajid Javid pledged to diverge from EU rules after Brexit, urging businesses to adjust with changes.
In an interview with the Financial Times, Javid said that there would
The European Union (EU) Trade Commissioner Phil Hogan while speaking in Brussels urged China to make concrete progress on opening up its market.
EU is still analyzing the US-China trade deal, Hogan said.
More to come …
Nicolas Chapuis, the European Union (EU) ambassador to China, said in a news briefing in Beijing on Friday, after six years of talks, the EU-China negotiations on an investment agreement have progressed and reached a “critical stage”, as cited by Reuters.
“Progress in being achieved “mon
You can access Orr's speech from this link here: Māori long-term business values provide lessons
It does not contain comments to move the NZD like yesterday's speech did though. Just a heads up if you are interested.
Reserve Bank of New Zealand cash rate left unchanged at 1%
Monetary Policy Committee agreed that new information since the August Monetary Policy Statement did not warrant a significant change to the monetary policy outlook.
Employment is around its maximum sustainable level
inflation remains with