Pound

After a week with the lack of fundamentals across the board, this week comes with many economic releases and events, which likely to spark the level of volatility once again. During the European session ahead, all eyes will be on the UK as…

Image via Bank of England Summary: BoE keeps interest rates unchanged at 0.25%, with a 7 -1 vote BoE keeps asset purchases steady at £435 billion Inflation expected to overshoot BoE’s inflation target well into 2018 2017…

Earlier this morning, there were some economic figures from the UK, which came in with another disappointment, showing a clear sign of slowing down and increasing the risk of Brexit fears. Such figures continue to prove that the Bank of…

After months of speculative media reports and back and forth in UK parliament, the UK government has today finally triggered Article 50 and commenced the official exit process of the UK from the EU. While the government’s triggering of…

Reviewing FOMC Decision The Federal Reserve decided to raise the Fed Fund Rate by 25bps as widely expected. However, one of the members has voted in favor of keeping the rates unchanged. Moreover, the Fed left the economic projections…

The US Dollar advanced further during at the beginning of the week but failed to hold on Thursday and Friday, despite the fact that most of the economic releases were positive. This fact strengthens the idea of the Federal Reserve rate hike…

EURUSD Weekly Engulfing Candle The Euro managed to rise for the past seven consecutive weeks, but it failed to break above 1.08 barrier, leading to a notable decline during last week’s trading, all the way back to 1.06, forming a bearish…

USD Index Failed At 103.50 The US Dollar Index seems to be closing the week lower, which would be the fifth week of consecutive declines, one we have not seen since Q1 of 2015. However, the key point is whether the index will be able to…

UK Economy Still Performing Well Recent data releases have highlighted the continued robustness of the UK economy in the aftermath of the Brexit referendum decision last summer with Inflation having risen steadily over the last twelve…

Theresa May, UK PM. Image via Shutterstock UK PM Turnaround on Brexit Sterling has staged a recovery against the USD climbing by over 2% in response to news that UK PM May is to allow Government to “properly scrutinise” her Brexit…