GBP/USD traded in a narrow range near 1.3307, following softer-than-expected US inflation data. On Tuesday, the US Bureau of Labour Statistics (BLS) announced that the Consumer Price Index (CPI) fell to 2.3% year-over-year in April, down from 2.4% in March. This figure was lower than the market’s expectation of 2.4%. The core CPI, excluding the […]
Relocating to a new country is a life-changing experience, but it can quickly turn stressful if you lack the right financial management in place. When we talk about finances, it requires you to understand basic aspects of it, such as managing day-to-day lifestyle, filing returns in foreign currencies, engaging with financial instruments and much more! […]
EUR/GBP lost ground near 0.8411, following the release of mixed employment data from the United Kingdom. The ILO Unemployment Rate rose to 4.5% in the three months ending in March, up from 4.4% in the quarter ending in February, according to data released by the Office for National Statistics (ONS) on Tuesday. The market had […]
EUR/GBP continues to fluctuate near 0.8483, as growing expectations of additional interest rate cuts by the European Central Bank (ECB) in June’s policy meeting undermine the euro. While the ECB officials maintain an optimistic stance that inflationary pressure will be under control, concerns over the Eurozone’s economic outlook could deter market sentiment. On the trade […]
GBP/JPY edged higher to 191.78, as investors brace for today’s Bank of England (BoE) monetary policy decision. Prevailing market sentiment that the BoE will slash its base interest rate by 25 bps, following the recent mixed economic data and ongoing tariff conflicts, may undermine the sterling. The seasonally adjusted S&P Global UK Services PMI Business […]
AI-powered tools are changing the world! Obviously, for the better. They are transforming many aspects of our lives, from helping to draft an email to giving recipes, helping us navigate fashion trends, and often resolving financial intricacies. They have become the core of our daily routine, making it easy and letting us enjoy ourselves while […]
GBP/JPY climbed to 192.10 as the Bank of Japan (BoJ) kept the interest rate the same and softened the growth rate forecast for the Japanese Yen (JPY). At May’s policy meeting, BoJ board members unanimously agreed to keep the short-term policy rate unchanged in the range of 0.0% to 0.5%, considering the impact of trade […]
GBP/USD hovered near 1.3386 as investors braced for the US Core Personal Consumption Expenditures (PCE) Price Index, a preferred inflation gauge for the Federal Reserve. Moreover, softer-than-expected US JOLTS Job Openings data and a sharp drop in Consumer Confidence, despite ongoing uncertainty surrounding US trade negotiations, strengthened the US dollar. The US Bureau of Labour […]
EUR/GBP fluctuated near 0.8558 after the release of the primary reading of the Purchasing Managers’ Index (PMI) from the UK and the Eurozone for April. The HCOB’s latest Purchasing Managers’ Index (PMI) survey revealed that the Eurozone’s manufacturing sector stayed in contraction. The Eurozone Manufacturing Purchasing Managers’ Index (PMI) improved to 48.7 in April, up […]
The dollar index skyrockets in reaction to the hawkish stance of the US Fed. Have you seen such headlines in front of the newspaper? Well, we all know that the central bank and its monetary policy play an important role in the economic governance of a country. The central banks, such as the Bank of […]
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