Marked as a notable recovery from its decline in 2022, when the British pound was $1.03 against the US dollar, it traded around $1.32 during the week of 26 August 2024. Analysts reportedly expect the Bank of England (BoE) to keep interest rates unchanged. Reuters cited Nick Rees, a senior market analyst at Monex Europe,…
Read moreMati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for July 25, 2019. The text below is an excerpt and does not contain the full analysis. Hi Everyone, The reasoning wasn't entirely apparent to me at the time but thanks to a bit of crowdsourcing…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 25, 2019. See details below: FOREX The Pound recovered some terrain yesterday, following the appointment of Boris Johnson as the new British prime minister and the ensuing cabinet reshuffle. It is interesting to note that the new members of government…
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ActivTrades’ Market Analysts have prepared for Leaprate their daily commentary on traditional markets for July 2, 2019. See details below: FOREX Currently trading just above $1.26, the British Pound is losing ground against all major currencies, as the effects of Brexit-driven economic uncertainty and a slowdown in internal demand and exports, start to be felt.…
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ActivTrades’ Market Analysts have provided their daily commentary on traditional markets for April 10, 2019. Forex/Brexit The Pound remains within a tight range, currently trading around $1.30. Despite overnight reports pointing to EU intentions to offer the UK an extension to article 50, that could last for up to a year, the Pound barely moved.…
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ActivTrades' Market Analysts have provided their daily commentary on traditional markets for April 9, 2019. Forex The British Pound remains within a tight range, around the $1.30 mark. This lack of movement reflects to some extent the markets uncertainty about the outcome of the Brexit process, as well as unwillingness to trade Sterling until there…
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The sterling hit one-month high against the dollar on Thursday, after UK retail sales data came in much higher than expected. British retail sales volumes in February rose by 1.4% from January, beating the 0.4% increase forecast by a Reuters poll of economists and following three consecutive monthly declines. For the three months to February, this…
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Commodity-related sectors led European shares lower for a third straight session on Friday while the dollar was poised for a weekly losses as the "Trumpflation trade" lost momentum, Reuters reported. World stocks have hit record highs, emerging markets have come back in favor and the dollar has climbed to a 14-year peak in recent weeks…
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The following is based on research from DailyFX analyst Nick Cawley. DailyFX is a unit of IG Group Holdings plc (LON:IGG). For more of Nick's research see DailyFX.com. British Pound Falters on Concerns that UK Brexit Plans are Incomplete During a speech to the Lord Mayor’s Banquet, UK Prime Minister Theresa May said that the country should…
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Sterling traded close to a four-week high on Friday and was heading for its best week since March. The pound jumped right after England's High Court put a spanner in the government's plans to forge ahead with Britain's exit from the European Union. The battered pound returned to its 2.5% against the dollar this week…
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