Market News

The Pound Sterling held onto earlier gains in Asian trade after striking a six-month peak against the common currency Euro and gaining nearly 1% against the greenback.

The Pound Sterling edged higher against a weaker greenback ahead of UK data, and managed to maintain momentum despite the fact that that data, when released, was largely disappointing.

Recently, attacks against the Bitcoin from the establishment resumed, as an ECB ex-chief criticized the cryptocurrency, highlighting that it is not a real currency

Both Asian stock markets and oil prices were broadly lower on Monday afternoon after increasing tensions in Hong Kong prompted a sudden selloff and increased concerns about the future of the global economy.

This week has a similar schedule to last week, with central bank input due only from the Reserve Bank of New Zealand, and testimony from the Federal Reserve, although there will also be a few other important items.

Hope that the US and Chinese governments are able to work out mutually beneficial trade terms had earlier helped to support the greenback against safe haven assets.

The Pound Sterling drifted close to a one-week trough against the US Dollar during London trade on Thursday as market players focus on the Bank of England meeting.

German industrial production fell in September, triggering fears and indicating that the most powerful economy in the Eurozone will probably enter into an economic recession in the third quarter.

Rumors that U.S. President Donald Trump and Chinese President Xi Jinping may not meet until December, as opposed to the end of November as originally hoped,

The Pound was generally neutral but trending higher during Wednesday trade in London as FX traders weighed the pros and cons of the upcoming general election.

The Current ECB President, Christine Lagarde decided to avoid discussing monetary stimulus during her first speech, choosing to deliver a discourse that calls for Unity.

These days it seems like sentiments relating to the U.S.-Sino trade war have the ability to push markets one way or another as the wind blows.

The Pound Sterling gained ground during Tuesday trade though inherent weakness is limiting additional gains.

Britain's service sector showed signs of stagnation in October, according to data released by IHS Markit.

The Asian trading session on Tuesday saw Monday’s rally continue, with all major benchmarks trading higher after a positive session on Wall Street on Monday