November 17, 2023 8:58 am
The GBP/SGD currency pair extended a pullback from recent 2-month high on Friday, after data showed UK retail sales had unexpectedly shrunk in October. Retail sales in the country decreased 0.3% month-over-month, compared with market expectations of a 0.3% growth, following a revised up 1.1% drop in September. Sales at food stores edged down 0.3% […]
Read moreNovember 15, 2023 8:13 am
The GBP/CAD currency pair eased from recent 10-week high on Wednesday, after data showed UK CPI inflation had decelerated more than expected in October. This added to investor expectations the Bank of England could begin cutting interest rates by May 2024. Annual consumer inflation in the United Kingdom eased to 4.6% in October from 6.7% […]
Read moreNovember 14, 2023 8:39 am
The GBP/JPY currency pair scaled a fresh 12-week peak on Tuesday, as the Japanese Yen continued struggling, while data showed UK wage growth had decelerated in the three months to September. Average weekly earnings, including bonuses, rose 7.9% year-on-year to GBP 673 per week in the three months to September, compared with market expectations of […]
Read moreNovember 13, 2023 10:05 am
The South African Rand was a notch firmer against the US Dollar on Monday, pulling back from over 1-week low, as market focus sets on US CPI inflation figures due out tomorrow. US headline CPI inflation is expected to have ticked up 0.1% month-over-month in October, according to market expectations, after another 0.4% rise in […]
Read moreNovember 13, 2023 9:01 am
The USD/JPY currency pair scaled a fresh 12 1/2-month peak on Monday ahead of the key US CPI inflation report, which could provide more clues over whether the Federal Reserve has done enough to curb price pressures. US headline CPI inflation is expected to have ticked up 0.1% month-over-month in October, according to market expectations, […]
Read moreNovember 10, 2023 7:49 am
UK’s economy has stalled during the third quarter of 2023, preliminary data showed on Friday. The nation’s Gross Domestic Product recorded zero growth quarter-on-quarter, which has been the weakest performance since Q3 of 2022. Still, the data came in above market consensus of a 0.1% contraction. On the production side, UK’s services sector shrank 0.1% […]
Read moreNovember 6, 2023 10:42 am
The South African Rand gained against a softer US Dollar on Monday, while extending a 3.05% advance last week, after recent macro data added to expectations that the Federal Reserve had probably ended its policy tightening cycle. Data showed on Friday that the US economy had added only 150,000 job positions in October – almost […]
Read moreNovember 6, 2023 8:58 am
The Indian Rupee was slightly firmer against the US Dollar on Monday after US Treasury yields pulled back from last month’s multi-year highs, as investors bet the Federal Reserve would likely not raise interest rates further in the current cycle of tightening. The yield on benchmark US 10-year Treasury Notes was last at 4.589%, after […]
Read moreNovember 3, 2023 8:29 am
The EUR/CAD currency pair steadied on Friday after recent string of declines ahead of unemployment figures due out of both the Euro Area and Canada. The seasonally-adjusted unemployment rate in the Euro Area probably remained steady at a record low level of 6.4% in September, according to market consensus. In August, the number of unemployed […]
Read moreNovember 2, 2023 8:02 am
The GBP/AUD currency pair registered a fresh 1-month low on Thursday ahead of the Bank of England’s monetary policy decision later in the day. The central bank is largely expected to leave its policy interest rate at a 15-year high of 5.25% at its November meeting. The BoE has delivered 13 rate increases over the […]
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