|Day's range||1.31 - 1.317|
|52-week range||1.1959 - 1.3349|
The year is ending but Brexit and trade wars continue being the hottest topics. In this article, we will consider events that will determine the market sentiment of the last month of the year.
A daily overview of the top business, market, and economic stories to watch in the UK, Europe, and abroad.
GBP/USD marched higher in the early day, trading at levels not seen since early May. The pair is coming into a bit of resistance although the upward momentum remains strong.
After passing the $1.30 milestone on Wednesday, sterling on Thursday climbed nearly 0.3% against the dollar to above $1.31.
The pound continues to gain ground, as the markets are pleased that Prime Minister Johnson remains ahead in the polls, with just one week to Election Day. In the Pacific region, the Aussie, NZ Dollar and Chinese yuan are trading quietly.
On Wednesday, the pressure in the financial markets has slightly decreased after Bloomberg reports that China and the U.S. are edged closer to their positions on trade and can avoid a new wave of escalation.
Investing.com – Asian currencies made something of a comeback on Thursday morning in Asia as optimism about a possible trade deal between China and the US returned. The USD was lost a little ground and the Australian dollar stopped a multi-day slide even as the Yuan continued to slide.
The British pound finally broke out during the trading session on Wednesday, clearing the 1.30 level, a key area that I had been paying attention to for some time. By doing so, the market now finds itself testing the 1.31 handle.
Investing.com - The U.S. dollar dipped slightly from earlier highs, as investors digested recent trade developments and private payrolls growth tumbled.
GBP/USD is seeing follow-through in yesterday’s bullish technical break and trades at levels not seen since May last year.
Campaigner Trevor Phillips said rather than breaking the glass ceiling, ethnic minority workers are 'super-glued to the corporate floor.'
Gold staged an incredibly rebound on Tuesday, jumping over 1% against the Dollar after U.S President Donald Trump said that a trade deal with China could be delayed until the 2020 elections.
The British pound is hovering around the 1.33 line on Wednesday. We could some movement from GBP/USD in the North American session, with key services and employment reports out of the U.S. The Australian dollar is lower after GDP missed the forecast.
UK prime minister has followed France’s footsteps by pushing ahead with a digital services tax that is likely to sting a range of US-based tech companies.
Investing.com -- The pound hit its highest level against the euro in over two years on Wednesday on increasing confidence that the general election on Dec. 12th will return the Conservative Party to power with a healthy majority. It also hit a six-month high against the dollar
Special report from Cambridge: How economic success has fuelled a housing crisis in leading cities as tech giants have made the UK their home.
It’s a busy day ahead. Geopolitics, the BoC and service sector activity will keep the markets busy on the day ahead…
Investing.com – The dollar held steady in morning trade in Asia Wednesday morning after US President Donald Trump raised doubts that a trade deal with China will be signed before the end of next year.