Pound Sterling (GBP)

Economic data from the UK last week covered the unemployment, inflation and retail sales. Data showed that the UK's unemployment rate fell to a 43 year low of 4.0%. However, wage growth remained sluggish. Meantime, inflation was seen…
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The Bank of England (BoE) held its monetary policy meeting last week on Thursday. As widely expected, the central bank raised the key lending rate by 25 basis points to 0.75%. This was the second interest rate hike since November 2017.…
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The Bank of England will be meeting this week for its monetary policy decision. According to the economists polled, the central bank is widely expected to hike rates by 25 basis points this Thursday. The overnight index swaps markets are…
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Volatility is what drives the forex markets. The higher the volatility, the more room there is for traders to earn profits. And, one of the biggest events over the past couple of years to have affected the forex markets has been the Brexit…
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The Market is reacting to fundamental events and multiple question marks seem to be appearing, as the trade war sentiment escalates. Moreover, it seems that earnings reports could surprise after all, with some global leaders in the tech…
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The UK currency market was busy last week amid the jobs and the inflation report scheduled over the week. Ahead of the week, investors were expecting to see a healthy pace of increase across the labor market and consumer prices. UK…
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The monthly PMI figures for the month of June signaled that the UK’s economy was poised for a rebound. Data from Markit/CIPS indicated a mixed report, but the overall factor was that business conditions were improving. Following the…
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The Bank of England held its monetary policy meeting last week on Thursday. As widely expected, the central bank left the key interest rate unchanged at 0.50%. However, the central bank was seen laying the ground work for a rate hike in…
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The Bank of England's monetary policy meeting is scheduled for this week on Thursday. According to the economists polled and the market watchers, the UK's central bank is expected to leave interest rates unchanged at this week's meeting.…
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The euro currency posted declines for the second consecutive month with the pace of declines accelerating further. The common currency fell to fresh yearly lows. The declines came following the developments in Italy and a broad slowdown in…
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