GBP/USD and EUR/GBP Analysis and Charts The 2023 UK Annual National Accounts revise prior GDP releases higher. Next week’s economic calendar is uninspiring. For all market-moving economic data and events, see the DailyFX Calendar The newly released UK Annual National Accounts 2023 (Blue Book) show that the UK economy grew by more than previously thought
© Reuters Investing.com – The U.S. dollar slipped lower in early European trade Friday, retreating from two-month highs but is still on course for a fifth consecutive winning week as a resilient U.S. economy suggested higher rates for longer. At 03:20 ET (07:20 GMT), the , which tracks the greenback against a basket of six
Share: Global market sentiment is cautious, with equities declining and bond yields rising, as investors anticipate further monetary tightening by central banks. July’s Fed minutes reveal a unanimous decision for a rate hike but growing caution among board members about potential over-tightening. US data: Initial Jobless Claims slightly better than expected at 239K;
Oil Prices, Charts, and Analysis The People’s Bank of China (PBoC) unexpectedly cut borrowing costs. Oil may look to consolidate recent gains. Recommended by Nick Cawley How to Trade Oil The People’s Bank of China (PBoC) unexpectedly cut its one-year medium-term lending facility – the rate at which Chinese banks borrow money from the PBoC
© Reuters. Investing.com – The U.S. dollar edged lower in early European trade Thursday ahead of a key U.S. inflation release, while the euro rebounded after weakness inspired by Italian banking woes. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.245
US Dollar (DXY) Price, Chart, and Analysis The US dollar sheds half a point after the CPI release. Headline inflation rises by less than expected. Recommended by Nick Cawley Get Your Free USD Forecast Core inflation fell and headline inflation rose by less than expected in July, according to the latest US Inflation Report. Core
© Reuters Investing.com — The pound swung between gains and losses on Thursday, as the Bank of England returned to a slower pace of rate hikes, but further joy for sterling bears relies on a bumpy ride for risk assets and an ongoing climb in U.S. bond yields. was flat at $1.2703 after falling to
© Reuters. Investing.com — Most Asian currencies fell on Wednesday after Fitch cut the U.S. government’s sovereign rating, although the dollar was little changed, retaining most of its recent gains on strong economic data. Fitch trimmed the U.S.’ rating to AA+ from AAA, citing concerns over stretched fiscal spending in the coming years, as well
© Reuters. Investing.com — Most Asian currencies fell on Monday, with the Japanese yen coming under pressure from an unscheduled bond buying operation by the Bank of Japan, while the Chinese yuan was hit by weak business activity data. A recovery in the dollar pressured most regional currencies, as the greenback rose from steep losses
© Reuters Investing.com – The U.S. dollar edged higher in early European trade Friday, adding to the previous session’s strong gains, while the Japanese yen gained after the Bank of Japan shifted its monetary policy. At 03:15 ET (07:15 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.1%
