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 …
OvalX (ETX Capital) Faces Uncertain Future as Layoffs Begin Read More »
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 …
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 …
The latest news showed that the Bank of England will be the first major bank to raise interest rates in the post-pandemic cycle. However, according to economists polled by Reuters, the first hike will now come until early next year. Like its peers, the Bank of England cut borrowing costs to a record low as …
Bank of England to raise interest rates to 0.25% Read More »
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 …
The UK economic growth slows to weakest since March Read More »
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 …
China applies to enter a trans-Pacific trade deal Read More »
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, …
Daily Market Charts and Analysis September 09, 2021 Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCHF Germany will drag the Eurozone’s economy lower. The current economic expectation is positive, with an advance to 101.4 points. However, the projection for the next six (6) months is bleak. The Business Expectations …
Daily Market Charts and Analysis August 26, 2021 Read More »
According to the latest data, Covid cases in the UK have quadrupled in the month since early June, ahead of Prime Minister’s plan to fully reopen the economy on July 19. Meanwhile, official figures show that COVID infections have risen above 30,000 for the first time since January. Wednesday’s data reveals that there had been …
COVID cases in the UK soar, facing the worst labor shortage Read More »
On June 15, the U.K. and Australia announced a free trade deal. The British government hailed it as an essential step in building new trade relationships following its exit from the E.U. According to the U.K. government, the free trade agreement suggests it will cost less for British businesses to sell products such as cars, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURBRL Analysts are expecting this week’s economic data to push the EURBRL pair higher towards March 09’s intraday high of 6.9992. The Eurozone’s numbers for the GDP and CPI were in line with the …
It is a good day for the pound, as it rose to a 13-month high against the euro on March 18, shrugging off COVID-19 vaccine concerns ahead of a Bank of England meeting. Interestingly, the central bank is expected to leave the interest rates unchanged and maintain the Bank of England’s bond-buying program. People should …
Pound Reached its Highest Point Against the Euro Read More »
The United Kingdom’s economy declined less than feared in January as the country went back into a COVID-19 lockdown. However, trade with the European Union took a hard hit at the start of the post-Brexit trading relationship. Economists had expected a reduction of 4.9%. The country’s economy is likely to decline by 4% in the …
The United Kingdom’s economy fell by less than feared Read More »
On February 15, the British pound increased over $1.39 for the first time in nearly three years, boosted by broad-based greenback weakness and by optimism for the end of a third national lockdown. The pound has been a key gainer versus a struggling U.S. dollar this month. The aggressive rollout of the coronavirus vaccination program …
The British pound declined below $1.38 versus the greenback. However, it was steady versus the euro in early London trading on Friday. The moves came as data revealed that the United Kingdom’s economy suffered a record slump in 2020. However, it increased in the last quarter. Britain’s economy declined by 9.9% in 2020, which is …
The pound declined below $1.38 against the dollar Read More »
