Recap August 2: Disastrous Economic Numbers – Harnessing Power of the Sun (Recap Ep082)
In this week’s recap, we talk about some disastrous economic numbers and how an international experimental nuclear fusion reactor is being built in France to “harness the power of the…
Read More »Sterling Storms On
GBPUSD, H1 Cable has pinned a new five-month peak at 1.3145. The pair is now firmly back in pre-lockdown territory. The UK currency still registers as the weakest of…
Read More »British Pound Forecast: GBP/USD May Fall Amid Renewed 'No Deal' Brexit Fears
The fundamental outlook for the British Pound looks relatively bleak amid renewed ‘no deal’ Brexit concerns and escalating UK-China tensions.
Read More »Sterling in the Cross-hairs today
GBPUSD, H1 UK data today has continued the pressure on Sterling, with the UK economy rebounding less than expected in May. Overall GDP lifted 1.8% m/m, compared to Bloomberg consensus…
Read More »GBP/USD Weekly Forecast: GBP Cheers Stimulus, Rally at Risk of Stalling
A plethora of UK data, however, external factors remain the key driver as GBP/USD edges towards 200DMA.
Read More »US equity futures rally after NFP
US nonfarm payrolls increased 4,800k in June, better than expected, after the upwardly revised 2,699k (was 2,509k) bounce in May following the -20,787k (was -20,687k) collapse in April. The unemployment…
Read More »UK VAT cut would bring mixed benefits – IFS think-tank
The Institute for Fiscal Studies (IFS), a leading UK think-tank, warned against a temporary cut in value-added tax (TAX), as it would bring smaller be
Read More »UK debt to GDP ratio rises above 100% for first since 1963
The UK government’s debt rose above 100% of its gross domestic product (GDP) in May due to a surge in spending to counter the coronavirus-induced slow
Read More »Economic data coming up in the European session
UK May retail sales data is due today Overall price action in the currencies space is more subdued with US futures just a touch higher for now, though it’s hard…
Read More »WHO’s Kluge: UK still in very active phase of pandemic, should not rush into further economic reopening
In an interview with the Guardian newspaper on Sunday, World Health Organization’s (WHO) Regional European Director Hans Kluge urged that England shou
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