Tag Archives: UK

The US dollar changed course on Thursday despite prevalent risk-aversion and fell across the board. Fears and concerns burnt around inflationary pressures and the probable slowdown of the global economic growth. Demand for safe havens continued, with government bonds appreciating and yields retreating.Gold neared $1,950 a troy ounce, now trading …

US Retail Sales rose at a pace of 0.9% MoM in April, in line with the expected pace of 0.9% but slower versus the previous month’s 1.4% MoM pace of gain (which had been revised up from 0.7%), data released by the US Census Bureau on Tuesday revealed. YoY, sales …

Gold prices fell on Friday and appeared to be poised for a third consecutive weekly loss as the dollar and Treasury yields rose after the Federal Reserve’s strong stance, while investors awaited US jobs data due on Friday. Spot gold fell 0.2 percent to $1,873.75 an ounce by 0742 GMT, …

Gold has extended its losses below solid resistance around $1890. The Gold Index is recording losses during the North American session, retreating from daily highs around $1909.66, amid a risk-off market sentiment.Two central banks expressed worries about China, while the Bank of England foresees a GDP contraction on 2023 for …

The UK economy is heading for a slowdown, or possibly even a recession, as consumers and businesses are hit by the leap in inflation, higher taxes, rising interest rates and uncertainty caused by the war in Ukraine.Bank of England Governor Andrew Bailey said on Thursday the BoE was walking a …

Germany’s exports to Russia fell 57.5 percent to 1.1 billion euros ($1.2 billion) in March due to sanctions imposed on Moscow after its invasion of Ukraine, the German Federal Statistics Office said on Thursday. This pushed Russia down from the fifth largest market for Germany outside the European Union in …

The data published by the UK’s Office for National Statistics showed on Monday that the real Gross Domestic Product grew by 0.1% on a monthly basis in February. This print followed January’s expansion of 0.8% and missed the market expectation of 0.3%. Other data from the UK revealed that the …

German chancellor, Olaf Scholz, said that Germany is doing all it can to wean itself off Russian energy, but declined to endorse a claim by Boris Johnson that it would stop importing Russian gas by the middle of 2024.Scholz said only that the goal would be achieved very soon, and …

Britain’s economy grew more than expected in the last three months of 2021, when a wave of Omicron infections hit the country. The Office for National Statistics said gross domestic product in the world’s fifth-largest economy rose 1.3 percent in the fourth quarter of last year compared to the previous …

The GBP/USD pair has recovered from post-BoE lows in the 1.3100s and is back in the green above 1.3150. The pair hasn’t yet been able to get back to pre-BoE levels at 1.3200 as traders mull the dovish meeting.BoE dovishness coupled with headwinds to the global economy as a result …