Risk-averse weakened and riskier assets climbed up. Let’s have a closer look.
Trade GBP on economic news
Brexit keeps looming over the UK economy creating uncertainty for the British pound. British economic growth rebounded in the second quarter as retail sales and construction benefited from a warm weather boost. However, problems remain. For example, the nation’s manufacturing sector slumped into recession. Recently Britain has started publishing GDP growth figures every month. These data will have a great impact on the Bank of England’s monetary policy and the GBP exchange rate.
• If GDP growth exceeds forecast, the GBP will gain.
• If GDP growth disappoints, the GBP will fall.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...
Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.