The UK economy expanded moderately as estimated in the second quarter as household spending grew at the weakest pace in nearly three years amid rising prices. Gross domestic product increased 0.3 percent sequentially in the second quarter, unrevised from the preliminary estimate, the latest data from the Office for National Statistics showed Thursday. more...
GBP/USD made another move tot he upside but was forced to retreat on the BOE’s bearishness. Will it remain the loser? The upcoming week features a mix of figures from all sectors. Halifax HPI: Monday, 7:30. A rise of 0.3% is on the cards.BRC Retail Sales Monitor: Monday, 23:01.RICS House Price Balance: Wednesday, 23:01. The Royal Institution of Chartered Surveyors monitors the balance between areas enjoying price increases with ...
Those three votes for a rate hike were the most since 2011 at the MPC, and this triggered fresh fears of the BoE’s massive stimulus program wreaking dire consequences on the British economy. After the ‘sharp repricing’ in the value of GBP around Brexit and then the ensuing dovish campaign from the BoE, higher levels of inflation seemed simply mathematical as importers moved prices-higher to adjust for the -20% move-lower in GBP/USD. As ...
This video is on the British pound, its history, and what traders should know about it before trading the GBP.
The employment recovery that began under President Barack Obama shows little sign of slowing down under his successor: new hiring data out Friday morning shows the U.S. economy added jobs for the 79th consecutive month, and that the unemployment rate has dropped to its lowest level in 10 years. more...
Recent Comments