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British Pound remains weaker against Japanese Yen following UK economic data
GBP/JPY depreciates after registering gains in the previous day, trading around 208.30 during Asian hours on Friday. The currency cross loses ground as the British Pound (GBP) remains subdued against the Japanese Yen (JPY) following the release of key economic data from the United Kingdom (UK).
New Zealand Dollar gathers strength above 0.5800, all eyes on US CPI inflation data
The NZD/USD pair rises to around 0.5835, snapping the four-day losing streak during the early European trading hours on Friday. However, the potential upside for the pair might be limited as markets turn cautious ahead of the key US Consumer Price Index (CPI) inflation data later on Friday.
AUD/USD Price Forecast: Positive Divergence with RSI backs further recovery
The Australian Dollar (AUD) is up 0.22% at around 0.7175 against the US Dollar (USD) during the European trading session on Friday.
ECB’s Nagel: Too early to speculate on rate hikes
The European Central Bank (ECB) Governing Council member Joachim Nagel said on Friday that its’ too early to speculate on rate hikes.
Euro retreats from weekly highs against British Pound as UK data beats expectations
UK data released on Friday showed that Gross Domestic Product (GDP) rose 0.4% in July, above expectations of a flat reading and following a 0.3% rise in June.
Euro: Downside risks while 1.1585 holds against US Dollar – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann highlight growing downside momentum in EUR/USD after a sharp drop to 1.1591, though they see limited scope for a sustained break below 1.1585 in the very near term.
British Pound jumps after strong UK monthly GDP data
The British Pound (GBP) attracts significant bids against its peers, with the GBP/USD pair rising to near 1.3518, as the United Kingdom (UK) Office for National Statistics (ONS) has reported strong monthly Gross Domestic Product (GDP) data for July. Th
United Kingdom Total Trade Balance: £-3.45B (July) vs £-5.537B
United Kingdom Total Trade Balance: £-3.45B (July) vs £-5.537B
United Kingdom GDP grows by 0.4% MoM in July, vs. 0% expected
The UK Gross Domestic Product (GDP) grew by 0.4% MoM in July, following a 0.3% growth reported in June, the latest data published by the Office for National Statistics (ONS) showed on Friday.
United Kingdom Index of Services (3M/3M) came in at 0.6%, above expectations (0.5%) in July
United Kingdom Index of Services (3M/3M) came in at 0.6%, above expectations (0.5%) in July
United Kingdom Trade Balance; non-EU climbed from previous £-10.448B to £-9.663B in July
United Kingdom Trade Balance; non-EU climbed from previous £-10.448B to £-9.663B in July
United Kingdom Goods Trade Balance registered at £-20.965B above expectations (£-22.3B) in July
United Kingdom Goods Trade Balance registered at £-20.965B above expectations (£-22.3B) in July
United Kingdom Manufacturing Production (YoY) above expectations (2%) in July: Actual (2.6%)
United Kingdom Manufacturing Production (YoY) above expectations (2%) in July: Actual (2.6%)