Forex Market

The Bank of England (BoE) slashed its base interest rate by 25 basis points to 4.00% on August 7, 2025, in a dramatic and closely contested decision that has propelled the British pound to fresh highs against major currencies. The narrow 5-4 vote, which required an unprecedented second round of …

The Bank of England (BoE) announced a 25 basis point cut to its benchmark interest rate on Thursday, bringing it down to 4%, in a bid to bolster a struggling jobs market. This move marks the fifth rate reduction in the past 12 months and comes as the U.K. economy …

The euro reached a fresh 1-1/2-week high against the weakening U.S. dollar on Thursday, as investors closely monitored Ukraine peace talks and prepared for the Bank of England’s policy meeting later in the session. The U.S. dollar remained under pressure, with growing concerns over partisanship infiltrating key U.S. institutions. The …

Gold prices inched higher in Asian trading on Thursday, bolstered by growing safe-haven demand as U.S. President Donald Trump intensified trade tensions with new tariff threats, while renewed expectations for a Federal Reserve rate cut provided additional support for the precious metal. Gold Prices Climb on Tariff Concerns and Fed …

US President Donald Trump said that he will impose a 100% tariff on imports that include semiconductors and chips, but not for companies that are building in the United States. The announcement came after Apple Inc. CEO Tim Cook and the president announced a fresh $100 billion investment plan from …

The U.S. dollar continued its downward spiral on August 6, 2025, weighed down by mounting expectations of an imminent Federal Reserve interest rate cut and a string of disappointing economic indicators. A confluence of weak employment data, a sharp contraction in the services sector, and dovish signals from Fed officials …

The Bank of England (BoE) is poised for a critical decision at its Monetary Policy Committee (MPC) meeting on August 7, 2025, as markets brace for a widely anticipated 0.25% interest rate cut, lowering the Bank Rate from 4.25% to 4.00%. This move follows earlier reductions in February and May, …

President Trump’s latest trade moves are sending shockwaves through global markets, with a bold announcement to double tariffs on Indian imports to 50% from the previously set 25%, effective later this month. The decision, framed as a response to India’s continued purchases of Russian oil, marks a sharp escalation in …

Gold prices are glittering again, rebounding from a daily low of $3,358 to hover around $3,380 during Wednesday’s American trading session. The precious metal, which had been on a four-day winning streak, found fresh support as the US Dollar slid to a new weekly low, dipping below its post-Nonfarm Payrolls …

European stocks saw positive movement on Wednesday as investors remained optimistic following a strong earnings season and a continued deluge of corporate results. As of 03:05 ET (07:05 GMT), Germany’s DAX index climbed 0.5%, France’s CAC 40 gained 0.1%, and the U.K.’s FTSE 100 rose 0.3%. European earnings results have …