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The GBP/USD pair is collapsing from 1.1200, eyeing a break below the 1.1000 mark which was last seen in March 1985. The sour market sentiment, spurred by worldwide central banks’ monetary tightening to suppress price pressures.The GBP/USD is trading at 1.0965, below its opening price by more than 2%, after …

The US Federal Reserve on Wednesday announced that it raised the policy rate, federal funds rate, by 75 bps to the range of 3-3.25%. The Federal Reserve was widely expected to stick to the baseline market expectation and raise rates by 75 basis points and refrain from a bigger move …

New car sales in the European Union returned to growth in August after 13 months of decline. Sales increased 4.4% overall and rose in the main markets of Spain, Italy, Germany, and France, although they remained well below pre-pandemic levels, the European Union of car manufacturers said. This year and …

The US Bureau of Labor Statistics reported this Tuesday that inflation, as measured by the Consumer Price Index (CPI), decelerated to 8.3% on a yearly basis in August from 8.5% in the previous month. The reading was slightly above consensus estimates pointing to a decline to 8.1%. The Core CPI, …

The Eurozone economy expanded by 0.8% on the quarter in the three months to June of 2022 vs. 0.6% prior, the final revision confirmed on Wednesday. The market consensus was for a reading of 0.6% in the reported period. On an annualized basis, the bloc’s GDP rate rose by 4.1% …

Retail Sales in Canada rose by 1.1% on a monthly basis in June following May’s increase of 2.3% (revised from 2.2%), the data published by Statistics Canada revealed on Friday. This reading came in better than the market expectation for a growth of 0.3%. Further detail of the publication revealed …

The Eurozone economy expanded by 0.7% on the quarter in the three months to June of 2022, beating 0.2% expected and 0.6% previous, the preliminary release showed on Friday. On an annualized basis, the bloc’s GDP rate rose by 4.0% in Q2 vs. 5.4% booked in the first quarter of …

The Federal Reserve System published a press release on the official website including the FOMC Meeting statement. The statement reads as follows: “Recent indicators of spending and production have softened. Nonetheless, job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting …

The US Federal Reserve on Wednesday announced that it had lifted the policy rate, federal funds rate, by 75 bps to the range of 2.25-2.5%. This decision came in line with the market expectation.In its policy statement, the Fed noted that it anticipates that ongoing increases in the policy rate …

The monthly data published by Statistics Canada showed on Tuesday that Retail Sales in Canada rose by 0.9% in April to C$60.72 billion. This print came in better than the market expectation for an increase of 0.8% and followed March’s expansion of 0.2% (revised from 0%). The publication further revealed …