Tag: GBP trading
British Pound Rose 0.3% Against the U.S. Dollar
The British pound strengthened its position against the greenback. It was up 0.3% to $1.3931 by 3:06 p.m. ET following the Bank of England’s...
Dollar Suffered Losses Ahead of the Latest U.S. Jobs Report
The U.S. dollar declined on Monday morning in Asia. The U.S. currency opened a busy week ahead, including the latest U.S. jobs report as...
U.S. Dollar Rose Thanks to a Combination of Factors
The U.S. currency was up but remained below its recent highs on Wednesday morning in Asia. The dollar rose on Wednesday morning thanks to...
U.S. Dollar Traded Unchanged Ahead of ECB Meeting
The dollar traded mostly unchanged in early European trading, on the back foot as risk appetite returned to foreign exchange markets ahead of the...
U.S. Dollar Was Unable to Cope with Challenges
The U.S. currency erased earlier gains on July 20 as global markets steadied after an overnight selloff. Popular reflation trades in the $6.6 trillion...
Delta Coronavirus Variant and Its Impact on Dollar
The U.S. dollar was close to its highest levels in a while on Monday as the spread of more contagious Delta coronavirus variant made...
The U.K. will expand this quarter as restrictions are lifted
The United Kingdom's economy will increase rapidly this quarter as COVID restrictions lift and unleash further pent-up demand. However, growth is at risk from...
Dollar Traded Largely Unchanged on Thursday Morning
The U.S. dollar traded largely unchanged in Europe on early Thursday, stabilizing after Wednesday’s weakness following Fed Chair Jerome Powell’s speech in Congress. Powell...
Dollar Advanced 0.22% Against a Basket of Currencies
The U.S. dollar rose against most currencies on Monday as concerns about the Covid-19 made investors cautious, while they also awaited more information about...
U.S. Dollar Rose on Friday Morning Thanks to Investors
The U.S. currency rose in early European trade on Friday with the dollar benefiting from investors becoming more risk-averse on concerns of the global...
COVID cases in the UK soar, facing the worst labor shortage
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...
Dollar is Unable to Overcome Post Nonfarm Payrolls Weakness
The dollar declined in early European trade on Tuesday, continuing its post nonfarm payrolls weakness. Other currencies, Australian and New Zealand dollars, rose amid...
European stock fell amid German industrial orders decline
European stock markets declined on Tuesday following three sessions of gains. Remarkably, gloomy trading along with an unexpected decline in German industrial orders offset...
Germany lifted a ban on British, Indian, and other travelers
On Monday, Germany's health agency announced that it would lift a ban on most travelers from the United Kingdom, India, Nepal, Portugal, and Russia....
The final decision: Binance gets banned in the UK
Binance is one of the major cryptocurrency exchanges worldwide. However, the exchange received a warning from the Financial Conduct Authority, causing Binance to get...