Cable extended losses to 1.2245. The UK’s services PMI came in slighlty softer than estimates. The disappointment accelerated the sell-off as the pair had already taken off 1.2260 support, the major 61.8% retracement on January 14 to February 1st recovery. Further depreciation to 1.2153...
European shares slipped in early trading on Friday following some poor company updates, with WPP falling after painting a cautious picture about its outlook and Berendsen plunging following disappointing results.The pan-European STOXX 600 was down 0.4 percent by 0822 GMT. However, the benchmark index is...
Sterling edged down to a six-week low on Thursday against a dollar, boosted by expectations of a March U.S. interest rate hike, while data painted a mixed picture of Britain's economy.A survey on Thursday showed Britain's construction industry growing slightly in February but new...
The dollar clung to broad gains on Friday as the risk of an imminent U.S. interest rate hike slugged sovereign bonds and commodities, even managing to sour Wall Street's party as the reality of rising borrowing costs began to sink in.Spread betters pointed to...
EUR/USD is flirting with 1.05, a price floor that has been holding since the start of the year. In the last gasps of 2016, the euro fell beneath 1.04 to the US dollar to reach its lowest since 2003.If 1.05 gives way, there’s a...
The dollar faded its recent strength that was driven by increasing confidence that the Federal Reserve will raise rates this month. The yen strengthened after four days of losses, following data that showed a moderate rise in Japanese inflation.Japan’s core CPI number rose 0.1% year-on-year in...
The USDCHF has had a fairly strong past few days as the currency pair has reacted to the rampant bullishness of the U.S. Dollar. Largely buoyed by a stronger than expected U.S. Unemployment Claims result of 223k, and announcements of stimulative fiscal policy, price...
We’ve seen a little bit of a pullback overnight in Asia after this week’s gains and a lower US close yesterday as investors indulge in a bit of profit taking ahead of the weekend, and this is likely to see a lower open in...
Britain's top share index steadied after hitting a record high on Thursday, with strong gains in companies such as ConvaTec offset by firms like Capita, which slumped after missing its profit target and announcing the departure of its chief executive.The blue-chip FTSE 100 index...
The US dollar firmed against its G10 counterparts on the back of the rising hawkish Federal Reserve (Fed) pricing into the FOMC’s March meeting.As a cherry on top, Fed Governor Brainard, who is known as one of the FOMC’s most dovish members, has given...