American business activity declines to 17-month minimum
In September, American private sector activity speeded down to a 17-month minimum, as follows from Friday’s survey data…
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.
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
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