On Wednesday, the evergreen buck headed north, while the Canadian dollar went down after the Bank of Canada left interest rates on hold as anticipated…
UK currency dives
On Friday, the UK currency declined on news that Spain and Great Britain have failed to come to a compromise on Gibraltar after the United Kingdom departs from the EU.
As a matter of fact, the currency pair GBP/USD went down by 0.38% trading at 1.2828.
Spain Prime Minister Pedro Sanchez tweeted that the country’s cabinet will always defend the national interests.
By the way, not so long ago Spain pledged to veto the draft Brexit pact scheduled for a vote on Sunday in case the two countries couldn’t come to a compromise over the British territory.
The Rock appears to be just one of the numerous challenges on the agreement. The Spanish have asked Britain to provide a solution to a great number of Spanish employees crossing the border every day.
In addition to this, the common currency went down due to the fact that signs indicated decelerating economic surge in the euro zone. The currency pair EUR/USD went down by 0.44% being worth 1.1352.
Euro zone business surge speeded down much faster than anticipated in November. That’s what follows from the purchasing managers index poll.
The numbers will probably be a concern to the European Central Bank. By the way, the given major financial institution is generally anticipated to slow down its asset buying program already in December.
Aside from that, estimating the greenback’s purchasing power against a number of its key counterparts the USD index went up by up to 0.14% being worth 96.722.
Trading in the United States is supposed to be thin due to the fact that financial markets were unavailable on Thursday for the Thanksgiving holiday. By the way, stock markets are going to close at 1:00 PM ET, while the bond markets will be absolutely unavailable after 2:00 PM ET.
On Tuesday, Bitcoin managed to overleap the $5,512…
The bank of Canada will make its monetary policy statement and announce the official rate on April 24, at 17:00 MT time.
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…