The UK unemployment rate remained at the lowest level seen since early 1975, in three months to August, the Office for National Statistics said Tuesday. more...
The UK services sector growth improved from an 11-month low in September, but the pace of expansion remained moderate as subdued domestic demand acted as a drag on activity growth. The services Purchasing Managers' Index climbed to 53.6 in September from August's 11-month low of 53.2, survey data from IHS Markit and the Chartered Institute of Procurement & Supply showed Wednesday. more...
This video is on the British pound, its history, and what traders should know about it before trading the GBP.
USD: Bullish "We stick to our bullish USD view. Recent comments from Fed Governor Lockhart suggest that September is still very much in play, and as markets bring the timing of the first hike forward, this should support USD." EUR: Bearish "The EUR has been difficult to trade recently given that European stories such as Greece or the ECB have gone away from the market’s focus. Instead we expect EURUSD to trade lower on more ...
'We remain of the view that a solution can be found in order to give Greece access to funds to repay the IMF next Tuesday. The EUR, however, is unlikely to face any material upside in an environment of strongly capped ECB monetary policy expectations. If this is confirmed over the weekend, we suspect that USD could emerge as the biggest beneficiary and expect it to extend its gains against a broad range of G10 currencies. While a relief bounce in EUR cannot be excluded, we doubt that it will ...
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