The Pound Sterling (GBP) extends its winning streak against the US Dollar (USD) for the third trading day on Friday. The GBP/USD pair jumps to near 1.3470 during the European session as the US Dollar underperforms its peers due to trade frictions … [Continue reading]
EUR/USD moves above 1.1700 as France’s government survives a no-confidence vote
EUR/USD extends its gains for the fourth consecutive session, trading around 1.1710 during the Asian hours on Friday. The pair appreciates as the Euro (EUR) receives support after France’s government survived a no-confidence vote, as Prime Minister … [Continue reading]
ECB’s Scicluna: Central bank mustn’t rush further rate cuts
European Central Bank (ECB) policymaker and Central Bank of Malta Governor Edward Scicluna said late Thursday that the central bank must not rush further interest-rate cuts.Key quotesECB mustn’t rush further interest-rate cuts.The effects … [Continue reading]
GBP/USD extends recovery amid US Dollar softness and modest UK GDP growth
The British Pound (GBP) strengthens against the US Dollar (USD) on Thursday, extending gains for the second day in a row. At the time of writing, GBP/USD is trading around 1.3431, rebounding after briefly falling to a two-and-a-half-month low on … [Continue reading]
Fed’s Miran:Fed officials must treat all governmentt policies equally, not only highlighting tariffs
Federal Reserve Stephen Miran spoke at the Institute of International Finance Annual Membership Meeting in Washington, DC. He stated that regulation is a significant driver of the supply side of the economy, and other economists underappreciate the … [Continue reading]
Pound Sterling outperforms its peers as UK GDP returns to growth
The Pound Sterling (GBP) gains against its major peers on Thursday after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data for August. The Office for National Statistics (ONS) reported that the economy grew … [Continue reading]
ECB’s Dolenc: Inflation risks are balanced around the baseline scenario
European Central Bank (ECB) policymaker and Slovenia's central bank acting Governor Primoz Dolenc said on Thursday that the central bank should hold interest rates steady unless new shocks hit. Dolenc pushed back on arguments that inflation could … [Continue reading]
BREAKING: Australia’s Unemployment Rate rises to 4.5% in September vs. 4.3% expected
Australia’s Unemployment Rate climbed to 4.5% in September from 4.3% in August (revised from 4.2%), according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus … [Continue reading]
Dow Jones Industrial Average holds onto recovery levels as investors focus on earnings
The Dow Jones Industrial Average (DJIA) found room on the high side on Wednesday, climbing into a second day of recovery flows and testing territory north of 46,600 before settling back to flat for the day. Another round of Wall Street earnings … [Continue reading]
GBP/USD climbs as Bessent softens US stance, Powell’s dovish tilt
The Pound Sterling recovers some ground, advances 0.60% on Wednesday during the North American session as Sino-US tensions eased on comments of US Treasury Secretary Scott Bessent. The GBP/USD trades at 1.3396 after bouncing off daily lows of … [Continue reading]