Key crypto assets leap
On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
British pound gets back to the year’s minimum due to Brexit concerns
On Wednesday, the British pound headed south, demonstrating the lowest reading since the beginning of the year versus its key rival - the evergreen buck. The given tumble was eventually provoked by renewed concerns as for the everlasting talks on Britain's withdrawal from the European Union and also relatively moderate wage growth in this country.
On Tuesday, the British government told that in June it’s all geared up towards publishing detailed plans for future relations with the European Union, in an attempt to overcome the impasse in the Brexit negotiations.
The disagreements within the government about the future of cooperation with Brussels along with repeated complaints from European officials for lack of clarity regarding what Great Britain wants, persuaded market participants that Brexit talks still pose a real threat to the British pound, less than a year before the United Kingdom should finally abandon the European trading block.
Published on Tuesday, data disclosed that British employers hired far more staff members than expected in early 2018. These statistics might clearly indicate that the weakness of the British economy observed at the beginning of the year might turn out to be temporary.
However, wage surge statistics remain mixed, with annual increases in wages, excluding bonuses, of up to 2.9% for the three months to March, as market experts interviewed by Reuters had hoped for.
As a matter of fact, the major UK currency headed south by approximately 0.2%, coming up with an outcome of nearly $1.3479, trading near the minimum of 2018 - $1.3452, which was demonstrated on Tuesday.
In relation to the common currency, the British pound managed to tack on by up to 0.1%, ending up with a reading of about 87.560 pence for the single currency.
Similar
Evergreen buck surges, UK pound dives
On Friday, the evergreen buck managed to inch up versus its primary counterparts…
Daily news: traders remain optimistic
The USD index is showing small declines on Friday after a big selloff on Thursday…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
