By Naeem Aslam European and US stock futures are trading near the flat line as investors are more in profit-take mode after Wednesday’s stellar rally on Wall Street. The focus continues to
With inflation in the UK easing to 1.7% in September, the Bank of England is expected to take a steadier approach to rate cuts, further weakening the pound. For investors in Britain
By Naeem Aslam European and US stock futures are trading lower as traders take breather and the stock market hits a new high this week. Earnings season continues to remain the main
The EURGBP currency pair continues to lose its ground for the third successive day, trading around 0.8350 in the European session on Tuesday. The EURGBP cross remains subdued following the release of
GBPUSD edged up after bottoming out at 1.3010, with a ‘hammer’ pattern signaling potential for further upside. Clearing the October 10 high of 1.3093 and the 50-DMA at 1.3099 would open the
EURGBP is retracing its recent gains from the previous session, trading around 0.8340 during the Asian hours on Monday. The currency cross remains tepid following the release of the gross domestic product
The British pound is primed for outperformance, while the euro faces continued downward pressure for the rest of 2024, predicts the CEO of a leading independent financial advisory and fintech. The deVere
EURGBP continues to lose ground, trading around 0.8390 during Friday’s Asian hours, following the release of UK Retail Sales data for August. Retail Sales rose by 1.0% month-over-month, exceeding the previous increase
The Bank of England has made “another mistake” by not accelerating interest rate cuts, according to the CEO of a leading independent financial advisory and fintech. deVere Group’s Nigel Green spoke out after
Following the wild fluctuations seen in financial markets on Wednesday, volatility remains high early Thursday. The Bank of England will announce monetary policy decisions, and later in the day, the US economic
