Sterling consolidated its gains above the 1.2500 mark against the US Dollar and stayed above the 200-day EMA in Thursday’s trading, amid quiet liquidity levels. GBPUSD hit its highest level since early September, amid shifting expectations regarding the BOE’s rate cut timeline. The latest survey revealed that UK private sector activity stabilised in November, surpassing
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
Share: WTI crude oil trades with over 0.50% losses after hitting a high of $90.34. Federal Reserve’s decision to hold rates but project higher rates for the next year has snapped WTI’s three-week rally. Oil prices were cushioned by a drop in oil rigs count in the US, along with China’s economic recovery
Euro News and Analysis Dollar dip sends EUR/USD higher at the start of a busy week IG client sentiment favors a bearish continuation despite the recent reprieve EUR/GBP frustratingly non-directional within broader sideways channel The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our
