Central Banks: Monetary policies will be reviewed in New Zealand, Norway and the Philippines. Minutes from the last Reserve Bank of Australia board and FOMC meetings will be published. Holidays and Special Event: Assumption Day will be observed Tuesday in France and Italy. Argentinian presidential primaries will be held Sunday. U.S. Data Releases: Retail sales, […]
* This article was originally published here
Wednesday, August 30, 2023
Tuesday, August 29, 2023
Monday, August 28, 2023
Pound US Dollar (GBP/USD) Exchange Rate Gains as US Debt Ceiling Resolution Nears
Pound US Dollar (GBP/USD) Exchange Rate Climbs as Risk...
* This article was originally published here
* This article was originally published here
Saturday, August 26, 2023
Friday, August 25, 2023
Wednesday, August 23, 2023
Tuesday, August 22, 2023
Monday, August 21, 2023
Sunday, August 20, 2023
Pound US Dollar Exchange Rate News: GBP/USD Ticked Higher on Bolstered BoE Rate Hike Bets
Pound (GBP) Supported by Expectations of Further Tightening
The Pound (GBP) continued to struggle for sustained demand amid a lack of major economic data. However, despite the thin trading conditions, GBP investors could be buoyed on the prospect of further tightening from the Bank of England (BoE).
With a quarter...
* This article was originally published here
* This article was originally published here
Saturday, August 19, 2023
Friday, August 18, 2023
A Further Rise in 10-Year Sovereign Debt Yields After FOMC Minutes Got Released Yesterday
The 10-year U.S. Treasury yield climbed five basis points overnight to a 16-year high. At 4.29%, such is still almost a percentage point south of the 2007 peak of 5.26%. In Europe, 10-year sovereign debt yields rose overnight by six basis points in the U.K., four bps in Italy and Spain and three bps in […]
* This article was originally published here
* This article was originally published here
Thursday, August 17, 2023
Pound US Dollar Exchange Rate News: GBP/USD Wavered on Stuttering UK Retail Sector
Pound (GBP) Underpinned by Elevated Rate Hike Bets
The Pound (GBP) started the day on the back foot as the British Retail Consortium (BRC) reported underwhelming retail sales growth.
The BRC revealed that sales had only risen by 3.7% on a yearly basis, compared to last month’s 5.2% growth YoY in March. Despite...
* This article was originally published here
* This article was originally published here
Wednesday, August 16, 2023
Risk Aversion Persists as Investors Get Ready for U.S. PPI Release
Any sense of investor complacency after Thursday’s CPI figures was squelched by San Francisco Fed President Daly’s cautionary remarks that sustainable price stability will remain elusive without less labor market tightness than exists currently. An enduring impact of former Fed Chairman Volcker’s victory over inflation forty years ago is that higher-than-desired U.S. inflation provides support […]
* This article was originally published here
* This article was originally published here
Tuesday, August 15, 2023
Sunday, August 13, 2023
Saturday, August 12, 2023
Friday, August 11, 2023
Thursday, August 10, 2023
Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data
Pound US Dollar (GBP/USD) Exchange Rate Soars amid Hotter-Than-Expected Labour Data
The Pound US Dollar (GBP/USD) exchange rate strengthened significantly during Tuesday’s trade, following hotter-than-expected UK labour data, which cemented an additional rate hike from the Bank of England (BoE).
At the time of...
* This article was originally published here
* This article was originally published here
Wednesday, August 9, 2023
Tuesday, August 8, 2023
Monday, August 7, 2023
How long will the dollar last as the world’s default currency? The BRICS nations are gathering in South Africa this August with it on the agenda - Fortune
Sunday, August 6, 2023
Saturday, August 5, 2023
Friday, August 4, 2023
Thursday, August 3, 2023
Wednesday, August 2, 2023
Rate Cut at National Bank of Georgia
The National Bank of Georgia’s benchmark interest rate has been cut a second time. The drop of 25 basis points to 10.25% follows an initial 50-basis point reduction in May. The rate remains above the pandemic low of 8.0% and Georgian on-year CPI inflation, which at 0.6% in June was its lowest in 79 months […]
* This article was originally published here
* This article was originally published here
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