Category

Fed
Brexit Rumors No Help to Sterling Though currently lower, the Pound continues to trade close to a 1-week peak versus the US Dollar. Currency strategists say that the Brexit debate and Parliamentary vote which will take place next week will dominate Sterling trade until then. Analysts still feel that Theresa May will fall short of...
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Pound Loses Momentum After Data After three days of gains, the Pound Sterling seems to have lost some positive momentum after the release of the latest inflation data for the UK. A slew of data was released this morning, with generally mixed results, none of which will help cement the likelihood that the Bank of...
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Fed Comments Propel Markets Forward Traders found new reasons for optimism on Thursday after U.S. Federal Reserve Chairman Jerome Powell commented that the Fed’s policy rate is now “just below” estimates of a neutral economy. Powell’s comments hinted to analysts that the Fed’s current monetary tightening policy would be ending in the near term. U.S....
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