Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
UK Jobs Data Recovers Slightly UK unemployment data continued the decline, revealing an additional 20.4k persons claiming unemployment benefits in contrast to consensus expectations of 2.3k. The unemployment rate for August measured 4.2%, a slight drop from estimates and the prior print of 4.3%. Customize and filter live economic data via our DailyFX economic calendar
© Reuters. The British Pound (GBP) is outperforming as the strongest major currency with the Australian Dollar (AUD) lagging, while the U.S. Dollar (USD) exhibits mixed performance. This comes as U.S. bond yields rise, reflecting market expectations for sustained high-interest rates driven by a robust U.S. economy. The Federal Reserve Chair has hinted at a
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
Share: The BoE is likely done raising rates – and the combination of weak activity and a softening labour market will weigh on the GBP in the near-term, economists at CIBC Capital Markets report. The BoE is done but will leave the door ajar Having held rates in September, it appears that the
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
UK GDP News and Analysis UK GDP YoY prints in line with estimates of 0.5% Monthly GDP rose to 0.2% in August, up from -0.6% in July Economic headwinds remain in the UK as growth remains limited The analysis in this article makes use of chart patterns and key support and resistance levels. For more
The strongest to the weakest of the major currencies The NZD is the strongest and the GBP is the weakest as the North American session begins. Today is a semi-holiday in the US with the US bond market closed in observance of Columbus day. The US stock market is open, however. In Canada, they are
Share: Scepticism about whether the BoE will ultimately act restrictively enough is likely to continue to weigh on the Pound in the near term, economists at Commerzbank report. EUR/GBP to appreciate in the coming quarters The market is likely to be dominated by concerns that the BoE is acting too slowly and cautiously
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any
