The British pound continues to advance above the 1.3200 level against the US dollar, following the release of better than expected UK PMI Services data. The GBPUSD pair is likely to advance towards the 1.3250 region if buyers can...
Chinese officials tried to calm the markets yesterday. After a meeting, People’s Bank of China (PBOC) officials said that they would not use the yuan as a negotiation tool in current trade conflict. This news follows days of declines...
The euro is up slightly against the dollar after Angela Merkel agreed with interior minister Horst Seehofer on a new border control plan. According to the deal, Germany will set up major holding and processing centres for asylum seekers...
USD and JPY are the top G10 FX gainers today while AUD and NOK are the top losers down -0.38% each vs the dollar. EUR is weakening in early hours of trading due to fresh concerns over German politics:...
The pound is down following a report by PricewaterhouseCoopers (PwC) and the Confederation of British Industry (CBI) which revealed Brexit insecurities. According to the quarterly survey of the British financial services sector, many executives and a third of banks...
The euro jumped to the highest level since Wednesday after European union officials made a deal on immigration. In a meeting in Brussels, the European Union leaders agreed to take a tougher stance on immigration. Countries like Italy had...
Economic data will drive headlines on Thursday, with key figures from both sides of the Atlantic scheduled for release. Action begins at 06:00 GMT with a report on German consumer confidence courtesy of GfK. Germany’s leading index of consumer...
The dollar rose in the morning session after yesterday’s hawkish statement by Jerome Powell. In a statement from Portugal, he reiterated that there was room for more interest rate hikes. He based this on the recent pace of economic...
Today, global financial markets fell as traders grew increasingly concerned that the two biggest economies were marching towards a full trade war. Yesterday, after China retaliated against Donald Trump’s tariffs, his administration announced that it would put tariffs on...
A combination of economic data and monetary policy will drive headlines on Thursday, with the European Central Bank (ECB) scheduled to deliver a pivotal rate announcement. Action begins at 06:00 GMT when the German government releases final CPI numbers...
