Search Results for: US economy
British Pound’s latest jump against the Euro leaves analysts scratching heads
February 25th, 2021
Pound Sterling rallied sharply during the mid-week Asian session and is holding the gains in London trade in am move that has opened fresh new multi-month highs, but the gains have left analysts scratching their heads as to why ...
Dollar buoyed by U.S. recovery hopes, bitcoin near record $52,640
February 18th, 2021
The dollar held its ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations that the U.S. economy would recover from the coronavirus pandemic faster than most of its peers. Bitcoin traded just ...
European markets advanced on Monday; Oil prices spiked overnight
February 15th, 2021
European markets advanced on Monday after a rally in Asia-Pacific overnight, with successful vaccine rollouts fueling hopes of a global economic recovery. The pan-European Stoxx 600 was up 1.1% by early afternoon deals, with media stocks surging 3.8% to ...
The Pound Euro exchange rate is seen trading lower on Monday
January 11th, 2021
The Pound Euro (GBP/EUR) exchange rate is seen trading lower on Monday, 11th January as currency markets’ attention turns to the Bank of England and possible negative interest rates in the near-term outlook. Sterling is currently quoted at 1.1067 ...
Dollar starts 2021 in the cellar with a hangover
January 4th, 2021
The dollar started the new year by slipping broadly on Monday as investors sold it for just about everything else in the Asia session, wagering the world’s pandemic recovery will drive other currencies higher. The euro, which had dipped ...
Japan prepares for digital currency, in line with China and others
December 30th, 2020
Japan is gearing up its preparation for the issuance of digital currency in both the public and private sectors following swift moves by China and other countries to do the same. Virtual money issued by central banks around the ...
European stocks inched higher on Wednesday
December 30th, 2020
European stocks inched higher on Wednesday as UK’s approval of AstraZeneca’s COVID-19 vaccine, bets of more U.S. fiscal aid and large-scale vaccination efforts spurred hopes of a strong recovery in the global economy next year. The pan-European STOXX 600 ...
British pound plunges
December 22nd, 2020
Concerns about a new strain of coronavirus in the U.K. drove the British pound to its biggest loss since March, though the currency pared much of the loss after Prime Minister Boris Johnson made another offer to salvage Brexit ...
Prospects for the UK and the pound
December 15th, 2020
This article assesses the likelihood of the pound following the dollar into monetary hyperinflation. Between March and September, the US Government financed twice as much of its spending by bond sales — mostly through inflationary QE — compared with ...
British pound rose against the dollar
December 15th, 2020
The dollar traded near 2 1/2-year lows against major peers on Tuesday as demand for the safest assets flagged amid progress toward agreeing U.S. fiscal stimulus and optimism for a Brexit deal. The greenback was near its weakest since ...
