|Day's range||1.2397 - 1.2500|
|52-week range||1.0379 - 1.2679|
The price of copper continues to extend losses to November lows following weak economic data from China, which is normally the top metals consumer.
The U.S. dollar edged higher in early European trade Wednesday, as traders sought out this safe haven after disappointing Chinese trade data hit sentiment. China's trade surplus sank to a 13-month low in May, according to data released earlier Wednesday, driven chiefly by a surprise drop in exports as foreign demand for Chinese goods dried up. Money markets are pricing in a roughly 19% chance that the U.S. central bank will raise rates by 25 basis points next week, compared to an over 60% chance a week ago, according to the CME FedWatch tool, after weak U.S. services activity data.
The British pound initially tried to rally during the trading session on Tuesday, but the market turned around to show signs of hesitation.
The pound lost ground against the dollar on Tuesday, falling more than 0.2% to $1.24.
The U.S. dollar retreated in early European trade Tuesday, while the Australian dollar soared after the RBA hiked interest rates once more in its fight against elevated inflation. The dollar has seen some volatility over the last few days as traders try to work out what the Federal Reserve will decide in terms of interest rates at next week’s meeting. Friday’s jobs report only muddied the waters, as the blowout payrolls number suggested room for the Fed to hike once more but the unemployment rate rose and the slowdown in the growth of average wages pointed in the other direction.
The British pound has fallen hard during the trading session on Monday as it looks like the market will continue to see concerns bubble to the surface.
The U.S. dollar climbed higher in early European trade Monday after a healthy jobs report prompted traders to price in a continuation of the Federal Reserve’s hawkish stance. The dollar has been boosted by the release of forecast-smashing U.S. jobs figures, prompting U.S. Treasury yields to soar as a robust labor market coupled with stronger-than-expected print on the Fed’s preferred inflation index earlier in May pointed to the U.S. central bank keeping interest rates higher for longer. The Fed meets next week and expectations of another rate increase are rising, particularly given the growing hopes the U.S. economy is headed for a 'soft landing' after Congress's approval last week of a debt ceiling deal that averts U.S. default.
Worklessness due to ill health heavily concentrated among those with poor qualification levels.
The British pound rallied during the course of the trading week but has hit a bit of a brick wall at the 1.2550 level.
The British pound has gone back and forth during the trading session on Friday, as the jobs report came out much stronger than anticipated.
The latest investor updates on stocks that are trending on Friday.
The U.S. dollar slipped lower in early European trade Friday, adding to the previous session’s sharp losses after the U.S. Congress approved the debt ceiling bill, while traders awaited the widely watched monthly payrolls release. The U.S. Senate late Thursday passed legislation lifting the government's $31.4 trillion debt ceiling, a day after the House of Representatives had done the same. The bill now heads to the White House for President Joe Biden to sign it into law, averting what would have been a first-ever default as the Treasury Department had warned it would be unable to pay all its bills on June 5 if Congress failed to act by then.
The British pound initially pulled back a bit during the trading session on Thursday but has found enough support near the 50-Day EMA to show signs of life. Ultimately, this is a market that still has a lot of noise ahead.
How long you should stay living in a property if you want to maximise your return, according to the experts.
The British pound has initially tried to rally during the day on Wednesday but turned around to show signs of life at the 1.2350 level.
Spending more time together virtually may have had a lasting impact on how we communicate face-to-face and how we connect with people we work with.
The British pound has rallied significantly from the 1.2350 level, showing signs of life again on Tuesday.
Optimism over a US-debt deal agreement weighed on gold prices as investors once again gravitate towards riskier assets.
Banks criticised for offering 'meagre' returns on customers' savings despite soaring interest rates.
The British pound initially tried to rally during the trading session on Monday, but as it was Memorial Day, liquidity was an issue.
Consumers who can least afford to pay over the odds more likely to be hit with a penalty of £302 on average.
The British pound fell rather hard during the course of the trading week to reach the 1.2350 level, where buyers have stepped in to pick up the market.
The British pound has rallied a bit during the trading session on Friday, as we have broken above the 1.2350 level and tested the 50-Day EMA.
The UK might be headed towards a recession as stubborn core inflation could see the Bank of England increase interest rates to a peak of 5.5%.
The rise of text to video applications could see AI-generated feature films created in people's bedrooms by the end of the year, claims a web3 advisor.