Cable dropped as market worries about Brexit, as well as a possible leadership challenge in the Tory party, intensified yesterday. A possible proposal on behalf of UK’s PM Theresa May, of...
As a new week begins the Brexit negotiations are expected to continue to dominate the headlines in the UK. On the west side of the Atlantic, the ongoing US-Sino trade conflict could move the...
The pound strengthened against the USD on Friday, as UK’s Brexit Secretary Raab, implied that the UK could show some flexibility regarding the Irish border issue. Bloomberg reported that the UK...
The pound hit a 10 day low against the USD, as UK’s PM said that EU’s proposal for the border is unacceptable. The EU summit in Brussels was unable to produce a deal or a breakthrough with the UK...
The US strengthened yesterday against a number of its major counterparts, as the FOMC’s last meeting minutes provided some support. The minutes confirmed expectations that the bank is going to...
The US Dollar remained relatively stable against a number of its counterparts, however scored gains against the Yen and CHF. In general, upbeat Wall Street earnings announced, seem to have...
The US Dollar was on the defensive yesterday, as the US retail sales growth rate slowed down and an escalation occurred in a dispute with Saudi Arabia. Tensions in the US-Saudi relationships...
As a new week begins the Brexit negotiations could be at a crossroad with wider implications, as the two parties failed to strike a deal, ahead of the EU summit on the 18th of October, over the...
In an interview on Thursday, US Treasury Secretary Mnuchin stated that the US wants to make sure that Yuan’s recent depreciation isn’t a competitive devaluation. According to media, info leaked...
According to media, US President Trump called the Fed “crazy”, “loco” and “too aggressive” in raising interest rates. The statements were targeting the bank’s projected rate hike in December....