The GBPUSD pair surrendered its intraday gains and fell back to near 1.2730 in Friday’s New York session as the Cable comes under pressure amid cautious market mood. The S&P 500 opened with some losses, exhibiting that the risk-appetite of investors is weak. The US Dollar consolidated in a tight range, with investors focusing on … Read more
The pound could hit a peak of $1.40 by March next year, bolstered by a more promising economic outlook and the prospects of political stability, according to the CEO of a leading financial advisory and fintech. The bullish prediction from deVere Group’s Nigel Green comes as major financial institutions rush into the UK’s currency, which … Read more
EURGBP extended gains for the second successive session, trading around 0.8420 on Thursday. The Euro remains strong as the European Central Bank decided at its July Monetary Policy Meeting to maintain its main refinancing rate at 4.25%, as expected. The ECB’s deposit facility rate also remains unchanged at 3.75%. Traders are now looking to further … Read more
BNN Bloomberg’s Paul Bagnell looks at how North American markets are shaping up for the trading day. (Bloomberg) — U.S. stock futures rose and longer-maturity bonds retreated as investors ratcheted up wagers that Donald Trump would win the presidential election after an assassination attempt.The U.S. 30-year yield rose above the two-year for the first time … Read more
The EURGBP cross remains on the defensive around 0.8425 during the early European session on Thursday, trading with mild losses after the monthly UK Gross Domestic Product data. The UK economy grew more than expected in May after stagnating in April, with the GDP expanding at 0.4% MoM. This figure beat market expectations of 0.2% … Read more
French politicians need to listen to bond markets – and keep them on side – or face a potentially catastrophic ‘Liz Truss scenario’, the CEO of a leading independent financial advisory and fintech has warned. The stark warning from Nigel Green of deVere Group comes as the political chaos in France is driving the gap between French … Read more
Tyson chicken barns in West Tennessee on April 21, 2021. (Photo: John Partipilo) They’re scattered across the rural Tennessee landscape: blue-sided barns stretching the length of five U.S. football fields, clustered together in groups numbering as few as three to as many as 20. Each of Tennessee’s nearly 2,200 industrial chicken barns produce about 200,000 … Read more
The EURGBP pair is trading with mild losses near 0.8475 in the early European session on Friday. The Pound Sterling is edging higher as the Labour Party led by Keir Starmer appears to be headed for a huge majority in the 2024 UK election, Reuters reported on Friday. Later in the day, Eurozone Retail Sales for … Read more
The EURGBP pair is extending its decline to near 0.8465 in early European trading on Thursday. The Euro is edging lower as the softer Eurozone HICP inflation report prompted the expectation of interest rate cuts from the European Central Bank, while market players will closely monitor the UK general elections on Thursday. The upcoming UK … Read more
The UK election’s influence on the pound is likely to be limited amid widespread expectation of a Labour victory, according to the CEO of a leading independent financial advisory and fintech. The prediction from Nigel Green, deVere Group chief executive, comes as Britain heads to the polls on Thursday, July 4, with the current opposition Labour Party … Read more