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Brexit

Wibest – UK Currency: The UK and EU flags in front of the UK parliament.

UK Inflation Hits 13-Month Low at 2.4%, Unexpectedly Drops

Quick Look: UK inflation hits a 13-month low at 2.4%, unexpectedly driven down by lower airfares. Bank of England may delay rate hikes, with shifting odds now favouring a rise by August. Economic signs mixed, with factory costs up but pound strength and job market stability noted. In a surprising turn of events, British inflation …

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GBP/USD: British pound sterling coins. Bank of England (BoE)

GBP/USD Dives Below 1.27: BoE’s Dovish Shift Shakes Markets

Quick Look: GBP/USD fell over 100 pips, dropping below 1.2700 after the Bank of England’s dovish signals. Bank of England (BoE) maintains interest rates above 5% with a cautious outlook amid global uncertainties. UK inflation falls, offering BoE policy flexibility, while US durable goods orders show improvement. In the intricate world of forex trading, the …

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Hirose UK’s Earnings Spike by 400% in 2023 Despite Similar Turnover as 2021

Hirose Financial UK Limited, a digital retail forex trading service provider, has experienced an impressive surge in its annual profit for the year ending on March 31, 2023. The firm’s profit, regulated by the UK Financial Conduct Authority, escalated by more than 400%, moving from £59,039 to £295,298. Quadrupled Profit for Hirose UK In the …

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Broker News

Trading 212 UK’s 2022 Revenue Rise, But Profits Slip 9%

Trading 212 Limited has recorded a turnover of over £98.7 million in the UK and pre-tax profits amounting to £50.8 million in 2022, as per its filing with Companies House. It was a 5% increase from 2021’s revenue figure of £94 million. Meanwhile, other operating income reduced to £1.7 million £1.7 million from £4.5 million, …

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Dollar bills close up

The dollar takes a hit as chinese yuan gains strength

The dollar fell, and the Chinese yuan gained, while the euro rose after German inflation data suggested price pressures remained high. The New Zealand and Australian dollars were among the legatees of strong data from China, which beat expectations when the official manufacturing purchasing managers’ index rose to 52.7 last month from 50.2 in January. China’s …

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OvalX (ETX Capital) Faces Uncertain Future as Layoffs Begin

An industry source close to OvalX (formerly ETX Capital) has disclosed that the FX and CFDs broker may be shutting down its operations. They’re initiating layoffs following its takeover by Swiss private equity firm Guru Capital. Reports have indicated that the company has begun to let go of its personnel. Unfortunately, they will still need …

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FxPro UK Reports 48% Revenue Drop in 2021

FxPro UK Limited, the FCA-regulated subsidiary of the Cyprus-based group, published its financials for the fiscal year 2021, ending on December 31. The report showed that the broker’s revenue decreased 48 percent to £900,365 from more than £1.7 million in the previous fiscal year. With only £36,440 of other income, compared to the previous year’s …

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Market Charts and Analysis December 02, 2021

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. AUDCHF Australia’s economic indicator is plagued by negative figures, igniting concern about the possibility of stagflation. In October, exports and imports both showed -0.3% results. Analysts warned that such an update could signal about …

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The UK economic growth slows to weakest since March

The UK economic growth slows to weakest since March

According to a closely watched business survey, severe shortages of workers and supplies have hardly hit Britain’s economy. Notably, economic growth in the United Kingdom has been dragged down to the weakest levels since COVID-19 pandemic restrictions were eased in March. Remarkably, the latest data from IHS Markit and the Chartered Institute of Procurement and …

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China applies to enter a trans-Pacific trade deal

China applies to enter a trans-Pacific trade deal

China’s commerce ministry announced that the country has applied to enter the CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership). Remarkably, the country looks to boost its clout in trade. The Chinese ministry, Damien O’Connor, reported that commerce Minister Wang Wentao submitted the country’s application to join the free trade agreement in a letter to …

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Daily Market Charts and Analysis September 09, 2021

Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPBRL Before the 2020 pandemic, international students generated 28.8 billion for the British economy. However, Brexit limits free movement between the other EU countries. According to Universities UK International and Higher Education Policy Institute, …

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