Category

pound crash
Asian Markets Waver Despite Strong U.S. Earnings Asian markets were trading mixed on Thursday afternoon, with Japan’s Nikkei 225 and the Shenzhen Composite trading lower, and most other regional benchmark indexes heading higher, despite strong earnings in the United States on Wednesday that sent Wall Street indexes to one-month highs on Wednesday. The gains on...
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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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Pound Higher on May Relief The Pound Sterling edged higher during Thursday trade in London after the Prime Minister managed to eke out a win after the Parliamentary no-confidence vote on Wednesday. Analysts say that despite the relief over Ms. May’s success, this time, that the Pound is still unlikely to see too much in...
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Pound Hovers Near 20-Month Lows on Brexit Delays Plagued by concerns about the upcoming Brexit, the British pound has sunk to levels not hit since April 2017. The currency was flogged most recently by yesterday’s announcement that the British government will postpone a Brexit vote in Parliament that was originally scheduled for today. On Monday...
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