Gold trading
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EUR/GBP recovers close to 0.8650 as UK’s outlook dampens.
EUR/GBP turns choppy after a recovery to near 0.8650 as risks of UK slowdown deepen. UK firms have postponed their plans of increasing their capacity due to higher mortgage rates.Eurozone monthly Industrial Production expanded at a higher pace of 0.6% in August. The EUR/GBP pair trades back-and-forth after a strong recovery to near 0.8650 in…
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EUR/USD faces resistance at 1.0550 major level ahead of US Consumer Sentiment.
EUR/USD shows resilience after a losing session on upbeat US data.Headline inflation exceeded expectations; jobless claims recorded a lower figure than anticipated.The slew of positive US data has reignited sentiment of another interest rate hike by the Fed.ECB’s cautious stance on interest rates trajectory could undermine the Euro.EUR/USD shows resilience, turning upward after a losing…
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Pound Sterling tumbles on hotter US headline inflation data.
Pound Sterling gains remain unabated despite the UK’s poor factory data. UK firms cut heavily on input costs due to poor demand outlook.BoE’s Swati Dhingra favored a rate cut if the growth rate dropped more than expectations.The Pound Sterling (GBP) faces intense selling pressure as the stable United States core Consumer Price Index (CPI) for…
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EUR/GBP looks to approach 0.8650 after snapping the losing streak.
EUR/GBP snaps the losing streak despite the downbeat economic data from the UK. Euro faces a challenge as the ECB is expected to keep interest rates unchanged in the upcoming meeting.ECB’s Yannis stated that there is little benefit in accelerating the conclusion of the PEPP. EUR/GBP halts the losing streak that began on October 3,…
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