Logo-color Logo-white

The British pound is showing little movement on Friday in what has been a very quiet week for the currency. In the European session, GBP/USD is trading at 1.3071, up 0.10% on the day and its lowest level. The UK economy showed slight improvement in August with a 0.2% m/m gain, after no growth in […]

The post Pound Shrugs as UK Economy Grew by 0.2% appeared first on Action Forex.

previous

US Dollar Index (DXY) Outlook: Dollar Bulls to Take a Breath or PPI Data to Extend Rally?

next

Canada’s Labour Market Takes a Break from its Cooling Trend in September

Read More

19/08/2024

Attention Shifts to Fed’s Jackson Hole Symposium

Markets Last week’s US eco data failed to settle the debate on the outcome of the September FOMC meeting. Money markets initially added to 50 bps rate cut bets on slightly below consensus PPI numbers, but later on retraced somewhat after CPI showed continuing disinflation though in line with forecasts. Survey data (Empire Manufacturing), activity […]
14/10/2024

ECB to Cut Rates Despite Plethora of Reasons for a Pause

ECB meets on Thursday; markets expect a 25bps rate cut Lots of reasons for a pause, including the lack of staff projections But the ECB might choose to avoid disappointing the markets The euro could really benefit from a rate pause  ECB meets on Thursday The ECB will hold its penultimate meeting for 2024 on […]
12/09/2024

EUR With Potential Weakness Ahead of ECB Decision: EURUSD and EURJPY

Fundamental Analysis Today, September 12, 2024, the European Central Bank (ECB) is expected to cut interest rates by 60 basis points, marking a significant adjustment in its monetary policy. The main refinancing rate could drop to 3.65% in response to slowing inflation, which reached 2.2% in August. This move reflects growing concerns about the eurozone’s […]