Online Forex broker
On Wednesday, the British pound went down to a minimum of the trading session after the report informed that inflation in the United Kingdom in March headed south to a minimum for the last year, which reduces the chances of an interest rate lift by the Bank of England next month.
The currency pair GBP/USD went down 0.59% coming up with an outcome of 1.4204 after the previous value of about 1.4275.
On Wednesday, the National Statistical Office of Great Britain informed that on an annualized basis in March, inflation speeded down to about 2.5% after a 2.7% in February. It appears to be the minimum value for the last year, which turned out to be lower than the forecast of inflation growth by about 2.7%.
Core inflation speeded down year-on-year to up to 2.3% against the 2.4% growth in February as well as acceleration forecasts to 2.5%.
Inflation is currently slowing towards a target value of the Bank of England of about 2%. As a matter of fact, the probability of an increase in the interest rate in May seemed to have reduced, as some market experts have already pointed out.
Inflation data confirmed that the cost of living in the United Kingdom has gone down.
A report on Tuesday pointed out that the average wage level in the United Kingdom tacked on by approximately 2.8% for the three months to February. Thus, the growth of wages for the first time managed to surpass inflation of the previous year.
The British pound also went down versus the common currency. The currency pair EUR/GBP went up about 0.65% ending up with an outcome of 0.8714 versus 0.8659 before the publication of the inflation report.
On Monday, the greenback kept soaring against the euro, yen as well as many other currencies amid the easing of fears of a trade conflict between China and the United States and a soar in the yield of US Treasuries…
On Friday, the US dollar slumped against the common currency during Asia trade after a moderate soar the day before…
Fred Wilson, co-founder of Union Square Ventures: “Buying cryptocurrencies is a very important form of investment…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
