Pound Sterling remains vulnerable due to dismal economic outlook

Share: Pound Sterling finds an intermediate support, but the downside seems favored amid global uncertainty. BoE Dhingra warned that further tightening could hurt the UK economy. Investors shift focus to the July Employment data, which will be released on Tuesday. The Pound Sterling (GBP) discovered intermediate support as investors started digesting the potential

Dollar stabilizes after weak JOLTS data; ADP payrolls due By Investing.com

© Reuters. Investing.com – The U.S. dollar edged higher in early European trade Wednesday, stabilizing after the previous session’s sharp declines as investors look for clues on the path for Federal Reserve policy.  At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher

Australian monthly inflation data due soon – previews

I posted earlier on this ICYMI: The monthly CPI data from Australia does not show all components of the CPI, that’ll have to wait for the quarterly data release. For the July – September quarter we’ll get that in October. Nevertheless, we will receive some information from the monthly release today. Earlier previews: From the

All eyes on US retail sales data due Tuesday, 15 August 2023 – preview

Coming up at 8.30 am US Eastern time today, July retail sales data from the US: Preview comments from Bank of America, looking for a solid beat. Bolding is mine: We expect a robust retail sales report for July Over the last two trading days, BofA Global Research analysts have published 12 notes on July