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 »
The U.K. has one of the largest economies in Europe as well as around the world. However, even for the U.K., the coronavirus pandemic created a lot of challenges. It won’t be easy to solve all problems in 2021, as it would take time to return to pre-coronavirus results. Unfortunately, the country’s economy contracted by …
The U.S. Dollar increased to its largest in two-months versus the euro and yen as data pointed to an improvement in the U.S. economic outlook. At the same time, risk appetite in global stock markets eased off. U.S. Treasury yields boosted after ADP payroll data revealed an uptick in employment on Wednesday. Moreover, ISM data …
The dollar boosted against the euro and yen; the Aussie rose Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNZD While the EU and its member states posted better-than-expected results, these PMI figures were still below the 50.0 points benchmark. Meanwhile, New Zealand’s recent reports showed upbeat economic data. In Q4, Wellington’s unemployment …
Daily Market Charts and Analysis February 04, 2021 Read More »
January’s DARTs were 223% higher year-on-year and 43% higher month-on-month. Interactive Brokers LLC published its trading metrics for January, showing a record month in daily average revenue traded (DARTs). DARTs is a metric that sets records for the past two consecutive months. With 3,295,000 DARTs for the month, the metric rose by 43% compared to …
According to the latest news, the sterling increased to its highest versus the euro since 2020. The British pound rose close to recent three-year high versus the American currency. It was grown by a combination of heightened global risk appetite and hopes over Britain’s coronavirus vaccine rollout. Furthermore, riskier currencies booted versus the greenback. The …
On December 29, the U.S. dollar reached more than two and a half year low and risk-sensitive currencies, The Australian and Canadian dollars boosted as optimism that U.S. lawmakers would expand stimulus payments to individuals increased risk sentiment. Remarkably, the House of Representatives voted on December 28 to more than triple stimulus payments to Americans, …
The dollar fell amid expectations of stimulus payments Read More »
The euro, the Australian and New Zealand dollar all posted more than two-year highs versus the struggling dollar. Investors are betting that an improving economic outlook as coronavirus vaccines are rolled out and unprecedented fiscal and monetary stimulus will boost global growth and asset prices in 2021. Moreover, U.S. economic growth is likely to drag …
It was not easy for European stocks on Wednesday. It is worth noting that, European stocks closed slightly lower on December 30 after U.K. lawmakers approved a Brexit trade deal and investors reacted to further positive Covid vaccine development. Interestingly, the pan-European Stoxx 600 index fell 0.34%, with most sectors and major bourses in a …
Brexit Deal and Coronavirus Vaccine Affected European Stocks Read More »
On Tuesday, the U.S. dollar fluctuated near two and a half year low. Investors were encouraged to take on more risk as U.S. lawmakers pushed forward with an enhanced coronavirus relief package. On December 28, the House of Representatives voted to raise stimulus payments to qualified Americans to $2,000 from $600, sending the measure to …
The dollar declines, while euro and pound increases Read More »
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