Share: GBP/USD climbs above 1.2600, driven by optimistic UK data and a jump in UK yields. US data was mixed with solid Services and Composite PMIs, but Manufacturing PMI fell into contraction. Upcoming speeches by the BoE Governor and US economic reports to provide further cues for GBP/USD movement. The Pound Sterling (GBP)
Share: Spot Silver is surging late on Friday, tests 12-week high. XAG/USD pings $24.30 as Silver rebounds, following broad-market risk sentiment higher. Metals are pushing higher with the NY market set for an early close. XAG/USD tapped $24.30 in the back half of Friday’s trading, testing Silver’s highest bids in almost 12 weeks.
© Reuters. Optimism has surged in the UK financial markets, leading the exchange rate to reach a twelve-week peak, buoyed by improved consumer confidence and a promising business outlook despite persistent recessionary pressures. On Thursday, the pound sterling climbed to 1.2615 against the US dollar, reflecting positive reactions to the latest S&P Global/CIPS data and
