
On Monday, on the Investing…
On Tuesday, the British pound ascended to 10-month peaks versus the broadly weaker American dollar after data unveiling that British factory surge rebounded in July on the back of a soar in fresh exports.
The currency pair GBP/USD reached 1.3239 - the most impressive reading since September 2016.
As financial data company Markit informed, its manufacturing purchasing managers' index inched up to 55.1 from June’s downwardly revised reading of 54.2, which outperformed experts’ forecasts for an outcome of 54.4.
The leap was powered by foreign demand for British goods that grew by the fastest rate since the all-time maximum in April 2010.
The rate of job creation happened to be among the best recorded for the last three years, as Markit stressed.
The greenback was wallowing close to 14-month lows versus a currency basket having declined for a fifth consecutive month in July, contributing to its longest losing marathon since 2011.
On Monday, on the Investing…
On Friday, the evergreen buck moderately rallied versus its counterparts, staying on track for posting consecutive weekly profits for the first time since November…
Will we finally see any price action for Bitcoin?
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
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…
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…
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