On Friday, Bitcoin as well as key crypto assets managed to ascend, thus finding themselves on track for back-to-back winning trading marathons…
GBP/USD moves down on UK data
On Thursday, the British pound decreased versus the greenback, suppressed by the publication of dismal British retail sales data. Moreover, market participants were waiting for the Bank of England’s policy verdict.
The currency pair GBP/USD reached 1.2704 during European morning trade, which the lowest outcome since Tuesday.
According to the UK Office for National Statistics, retail sales went down 1.2% in May, while financial experts and investors hoped for a 0.8% descend.
The British pound was still under pressure amid surging political uncertainty in the United Kingdom.
The Bank of England is supposed to leave its monetary policy intact, though traders relish a though of getting extra clues on future policy moves.
The US dollar remained quite vulnerable amid everlasting American political turmoil.
The major British currency was nearly intact versus the common currency, with EUR/GBP keeping to 0.8802.
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…