Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
British pound steadies, following opinion survey
On Monday, the UK’s sterling found itself the only substantive mover among key currencies, reviving some ground after weekend surveys demonstrated that Prime Minister Theresa May is braced for winning next week's elections even if the scale of win is quite questionable.
The British pound faced its worst day since early February, and this currency slumped nearly 2 cents the previous week because survey revealed that May's lead over the opposition Labor Party had dropped from 20 points to 5 the previous month in one survey.
With London markets unavailable for a holiday, the British pound jumped 0.2% during thin morning trade in the EU, showing $1.2825 as well as 87.13 pence per euro respectively.
The evergreen buck that was also suppressed the previous week amid dropping expectations for a key boost for surge from the Trump administration, stood still, keeping to $1.1175 per euro and also 111.33 yen.
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.
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
Happy Tuesday, dear traders! Every day brings new opportunities to trade! Let’s see what you need to know: Today’s events 07…
The central banks' meetings will highlight the week as well as the PPI release