
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
On Monday, the British pound tumbled because troubles mounted for UK Prime Minister May. According to a report up to 40 Conservative MPs are waiting for a leadership challenge. Meanwhile, Brexit talks face a key deadline.
The evergreen buck obtained a lift versus its key counterparts because American yields grew and as the British pound declined. However, traders were still focused on a planned American tax overhaul.
The British pound last slumped 0.55% being worth $1.3120, drifting away from an eight-day maximum of $1.3229 scaled on Friday on better-than-anticipated data on British industry.
The Sunday Times informed that 40 members of parliament from May's Conservative Party have decided to have a letter of no-confidence in her signed.
Versus the Japanese yen, the British pound declined 0.45% being worth 149.12 yen.
The US currency soared 0.1% trading at 113.660 yen. As for the common currency, it lost 0.1% hitting $1.1653.
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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