The EURGBP concluded the week in red for the third straight week. The currency pair remains on the backfoot as the Euro continues to weaken, with...
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The EURGBP cross remains on the defensive around 0.8425 during the early European session on Thursday, trading with mild losses after the monthly UK Gross Domestic Product data. The UK economy grew more than expected in May after stagnating in April, with the GDP expanding at 0.4% MoM. This figure beat market expectations of 0.2% in the reported period, according to National Statistics on Thursday. The Pound Sterling attracted modest sellers in response to the stronger UK data. At the same time, uncertainty has risen surrounding the Bank of England’s decision to begin lowering its borrowing costs from the August
The EURGBP concluded the week in red for the third straight week. The currency pair remains on the backfoot as the Euro continues to weaken, with...
The EURGBP concluded the week in red for the third straight week. The currency pair remains on the backfoot as the Euro continues to weaken, with...
The EURGBP pair extended its losing spree for the fifth trading session on Tuesday. The cross weakened as the Pound Sterling (GBP) strengthened on...
Stock markets wobbled on Thursday (8/22) as investors anticipated a speech by US Federal Reserve (The Fed) Chairman Jerome Powell, with hopes he would...
The absence of load-shedding significantly boosted the economy
LONDON: The pound trod water on Friday, ahead of U.S. employment data that could intensify volatility later in the day as investors figure out whether...
LONDON: The pound trod water on Friday, ahead of U.S. employment data that could intensify volatility later in the day as investors figure out whether...
Chair Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin...
Chair Jerome Powell announced that the Federal Reserve is ready to cut its key policy rate, confirming expectations that officials will start lowering...
South Africa’s economy grew 0.4% in the second quarter of this year after a revised performance that saw its size unchanged on a quarterly basis in...