Online Forex broker
On Tuesday, the British pound declined to the day’s minimums, cutting early gains after data demonstrating that the annual rate of inflation in the UK edged down for the first time since October the previous month.
The currency pair GBP/USD slumped 0.25% being worth 1.3024, drifting away from an earlier peak of 1.3125.
The Office for National Statistics told that in June consumer prices rallied 2.6%, down from a nearly four-year peak of 2.9% in May.
Financial experts had expected the inflation rate to stay intact.
It turned to be the largest drop in inflation since February 2015. It relieved pressure on the Bank of England to lift interest rates.
Since the previous year’s Brexit vote inflation has accelerated abruptly because the steep sag in the British pound bolstered import prices, causing fears over a squeeze on living standards considering wages lagging soaring prices.
The Bank of England is expected to hold its next policy gathering on August 3. Previously, at the bank's June meeting up to three policymakers backing lifting rates.
The British pound was at the day’s minimums versus the common currency, with EUR/USD soaring 0.66% trading at 0.8850.
On Wednesday, the evergreen buck stood still due to the fact financial markets waited for the conclusion of the Fed’s latest gathering, while the New Zealand dollar rallied versus the evergreen buck on a better-than-anticipated business confidence report…
On Tuesday, the evergreen buck went down to the lowest value of the day versus its key rivals ahead of a highly-anticipated two-day Fed gathering starting later on Tuesday…
The Federal Reserve is anticipated to be one of the most aggressive major central banks when it gets to the monetary policy…
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…
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.
|
