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On Thursday, the British pound (Cable) reached a new four-month high in European trading, buoyed by better-than-expected UK GDP numbers for May. This dampened expectations of a rate cut by the Bank of England next month The renewed…
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In May, UK gross domestic product (GDP) rose by 0.4% month-on-month, surpassing April's 0.2% increase and exceeding expectations for a 0.2% rise. The Bank of England's projection of 0.5% growth for the second quarter now appears…
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EUR/USD fell to a one-week low on Friday, extending the sharp decline from Thursday, as the pair faced renewed pressure from downbeat PMI data. Reports released on Friday indicated a slowdown in the services industry in the Eurozone and…
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The USD/JPY pair is attempting to break above a near-term narrow range and sustain its gains after Tuesday's marginal close above the pivotal Fibonacci barrier at 157.01, which represents the 61.8% retracement of the 160.19 to 151.85…
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The British pound strengthened in early Wednesday trading after reaching a nine-week high of 1.2800 on Tuesday. However, it subsequently retreated due to an unexpectedly strong rise in US consumer confidence for May, which temporarily…
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Gold prices slipped below the $2,150 mark in Asian trading on Monday, as investors shied away from non-yielding assets ahead of the Federal Reserve meeting later in the week, which is expected to provide further insight into interest rate…
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Brent crude oil, a key benchmark, edged close to $86 per barrel on Monday, continuing its upward trend from last week. This increase comes as Ukraine intensifies its strikes on Russian energy infrastructure Futures for Brent crude oil…
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