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 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...
HONG KONG: Asian markets retreated Monday after another batch of worse-than-expected US jobs data revived fears of a possible recession in the...
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...
Fewer jobs were added to the U.S. economy in August than expected, while unemployment slightly decreased from July, according to the most recent...
As the week started, the rand weakened to R17.97 on Tuesday due to lower-than-expected Q2 GDP growth in South Africa and anticipation of US employment...
As the week started, the rand weakened to R17.97 on Tuesday due to lower-than-expected Q2 GDP growth in South Africa and anticipation of US employment...