The dollar became weaker and slid to a 2-1/2-year low against a basket of major currencies on Thursday as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets. Bets on a successful roll-out of vaccines and China’s economic rebound are driving bets for global growth [...]
Great Britain Pound commonly referred to as the pound, but some people still refer to it as sterling. But regardless of what it may be called, the British pound sterling remains to be one of the strongest currencies throughout the world. It comes as a surprise to some especially those outside of Britain and those [...]
GBP/USD shows upward movement this Monday, helped by the upbeat market mood-led additional weakness in the US dollar across its main competitors. The haven demand for the US dollar got almost killed, as euphoria on the corona virus vaccine progress, solid Chinese factory output and Japanese economic rebound lifted Asian equities to record highs. The [...]
Early Tuesday, the UK’s Office for National Statistics (ONS) will release the October month Claimant Count figures together with the Unemployment Rate in the three months to September at 07:00 AM GMT. The UK labor market report is expected to show that the average weekly earnings, including bonuses, in the three months to September, to [...]
