The GBPUSD currency pair broke its five-day winning streak, trading around 1.2600 during Tuesday’s Asian session, as traders are awaiting UK employment data later in the day. The Claimant Count Change for
The EURGBP cross gathered strength to around 0.8295 during the early European session on Tuesday. The Pound Sterling weakened against the Euro after the recent mixed UK labour market data. The attention
Euro-Sterling is holding positive ground below the mid-0.8500s during early European trading on Tuesday. The EURGBP cross is edging higher following the UK labour market and German inflation data, trading around 0.8540,
By Naeem Aslam Investors are taking a cautious approach when it comes to taking risks. This week’s economic data hasn’t been so supportive of their investment thesis, and hence they are
By Craig Erlam We’ve seen quite a response to the US inflation report on Tuesday, with investors clearly buoyed by the miss on both the headline and core numbers. While in both
The Bank of England’s recent decision to pause interest rate hikes has been met with relief, but it should go further and stop hikes altogether, warned the CEO of a leading independent
By Craig Erlam The Bank of England may have little option but to raise rates again next week, despite comments recently indicating the debate will be fairly balanced. The UK labour market
By Craig Erlam Stock markets are treading water on Tuesday, with the jobs number from the UK not inspiring and Chinese data also highlighting weakness in the recovery. UK jobs data was
By Craig Erlam We’re seeing relatively flat trading again on Tuesday amid mixed economic data from China overnight. The world’s second-largest economy grew by 4.5% in the first quarter as it emerged
