Forex Market

The Pound Sterling climbs above 1.2750 after mixed United Kingdom inflation data for July. Monthly headline inflation contracted by 0.4%, slower than expectations of 0.5%. In June, headline CPI expanded by 0.1%.The UK Pound starts moving as core inflation supports further policy tightening. UK’s core inflation remains stronger due to …

The pound was set to post its biggest one-day gain in nearly two weeks on Wednesday after data showed Britain’s core inflation remained high in July, while the yuan fell to a nine-month low as concerns mounted of a further slowdown in growth. The pound sterling rose in the latest …

Official data revealed on Wednesday that inflation in Britain slowed as expected in July to its lowest annual rate since February 2022, despite more indicators monitored by the Bank of England that reflect pressure on commodity and services prices. The Office for National Statistics said annual consumer price inflation slowed …

European stocks opened lower on Wednesday, with miners exposed to China leading losses after weak economic data from Beijing, while British stocks were pressured by a larger-than-expected headline inflation reading. And by 0708 GMT, the pan-European Stoxx 600 index was down 0.2%, after closing at its lowest level in more …

The US Dollar Index exhibits obvious strength. It surged for the fourth day in a row on Tuesday, reaching its highest point in a month. With the help of rising risk aversion and a comeback in Treasury yields, the DXY was able to recoup its losses. Over 1% was lost …

UK wages excluding bonuses soared to the highest growth rate since 2001, pushing unemployment to 4.2%. The GBP/USD pair surges following Monday’s session, which portrayed a ‘hammer’ formation, suggesting that further upside is expected. UK jobs data overshadowed positive economic data from the United States, as wages grew above estimates, …

After falling to the 145.10 low, the USD/JPY pair is neutrally trading around 145.65 at the time of writing. Strong US retail sales led markets to expect a Fed rate move in November. BoJ’s divergent monetary policies are hurting the yen, which is unable to gain from strong GDP figures.The …

At the time of writing, the price of a barrel of WTI crude oil is $80.292. On the whole, it is down nearly -1.86%. In response to the economy’s sluggish recovery, China’s central bank lowers crucial lending rates, which affects the outlook for global oil consumption. Saudi Arabia and Russia’s …

Minneapolis Federal Reserve President Neel Kashkari said noted on Tuesday that he is feeling good about the progress on inflation but added that it was still too high, per Reuters.“The question is, have we done enough, or do we need to do more,” Kashkari added said that they have been …

European stocks opened slightly lower on Tuesday, as declines in real estate stocks amid higher bond yields offset gains in retail stocks, led by British department store Marks & Spencer, which raised its profit forecasts. And by 0720 GMT, the European Stoxx 600 index fell 0.1 percent, with real estate …