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USD Under Pressure Gold prices are rallying on Tuesday as the USD sell off deepens. The greenback came under pressure late last week as the latest round of US labour market readings failed to deliver and bullish encouragement. With the headline NFP coming in below expectations, marking a sharp drop on the prior month, there […]

UK Data in Focus GBPJPY is correcting sharply lower today as JPY gains on USD weakness. The latest set of UK labour market readings today have kept hawkish BOE expectations well-primed. However, with UK inflation still rampant, the unemployment rate creeping higher, and interest rates set to move higher still from already elevated levels, the […]

The British pound sterling is rallying against the US dollar. The current GBPUSD quote is 1.2884. GBP received strong support from the Bank of England. Yesterday the governor of the BoE Andrew Bailey delivered a speech confirming that the regulator was determined to fight inflation till the end. Bailey is influenced by policymakers and economists […]

Threads Users Soaring Meta is trading higher again today ahead of the open as focus stays on the continued growth in popularity of new social media app Threads. The app, launched last week, has been positioned as a direct rival to the Elon Musk owned Twitter app. Already seeing user numbers of nearly 100 million […]

The FTSE Finish Line – July 11 – 2023 Employment Data Boosts Sterling, Further BoE Action Weighs On FTSE The FTSE is hugging the flatline into the close of Tuesday’s trading, the UK’s blue chip index continues to test pivotal support in the 7250 region. The export heavy index was weighed by a stronger Sterling […]

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