
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
On Thursday, the British pound remained weaker versus the moderately stronger greenback notwithstanding data showing that British retail sales ascended at a faster than expected tempo in June.
The currency pair GBP/USD hit 1.2969, which is not far the day’s minimums of 1.2973.
According to the Office for National Statistics, retail sales grew 0.6% the previous month, in contrast with predictions for a 0.4% leap, having dropped 1.1% in May.
On a year-over-year basis retail sales rallied 2.9%, ahead of predictions for a 2.5% jump.
The soar was backed by warmer weather that helped to boost sales of summer clothing and compensate dips in food as well as fuel sales, as the ONS informed.
The report showed that consumer spending keeps holding up in the face of soaring inflation. It definitely erodes household incomes.
Inflation has abruptly accelerated since the previous year’s Brexit vote because the steep sag in the British pound bolstered import prices, provoking fears over a dip in living standards with wages lagging growing prices.
The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
We prepared an outlook of major events of this week. Check it and be ready!
Here you'll find what awaits the market this week, from the CPI release to a possible gold plunge.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!