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The UK regular pay that excludes the bonuses is expected to accelerate to 3.5% over three months ending in December while total pay including bonuses is seen up 3.4% over the year with the unemployment rate stuck to a four-decade low of 4.0% in ...
The GBP/USD slid about 0.7% to mid 1.2900s over the first week of February after the UK forward-looking indicators saw the economic activity slumping lower and the Brexit was going nowhere over the week. Reasons for the GBP/USD to slide lower are ...
The Monetary Policy Committee (MPC) of the Bank of England is expected to keep the monetary policy unchanged just as it did back in November and December last year with the Bank rate at 0.75% and the stock of the purchased assets at £435 billion. ...
Technically the GBP/USD broke important Fibonacci resistance level at 1.2990-1.3000 and rose up to the weekly highs of 1.3165 on Friday backed by reports of DUP reportedly set to support the Brexit deal vote with “tougher” stance on the Irish ...
Even with the Brexit uncertainty weighing on the UK business investment and consumer spending, the UK labor market is solid and firm and the fresh labor market report for December due Tuesday, January 22 is expected to confirm it again. First and ...
The GBP/USD is still about 100 pips higher on Friday from the Monday’s opening level even after the Brexit deal was rejected by a crushing margin of 230 votes in UK parliament and the government of Theresa May survived a no-confidence vote on ...
The Bank of Canada is widely expected to keep the target for the overnight rate unchanged at 1.75% at the beginning of 2019 as global inflation is set to remain subdued due to lower oil prices while the Bank wants to keep calm to see what are ...
The total UK retail sales are expected to rise 0.2% over the month in November with core retail sales stripping the basket off motor fuel sales expected to rise 0.2% m/m, the Office for National Statistics is expected to report on Thursday, December ...
The Bank of England Monetary Policy Committee (MPC) is expected to keep the Bank rate unchanged at 0.75% in the December meeting amid a highly uncertain outlook for both the economy and monetary policy as the Theresa May government is struggling to ...
Canada’s unemployment rate is expected to remain at 5.8% in November, unchanged from October and the lowest level since February 2008 while the number of new jobs created in November is set to rise 10.0K in November, Statistics Canada is scheduled ...
The GBP/USD opened trading during the final week on November at 1.2796, little boosted by the Brexit summit from Sunday, November 25 sealing the Brexit deal between the European Union and the UK. After hovering around 1.2800, the GBP/USD fell ...
The preliminary reading of the Eurozone inflation is expected to see the headline Consumer Price Index (CPI) decelerate to 2.0% over the year in November while core inflation stripping the consumer basket off food and energy prices is expected to ...
The GBP/USD was boosted to trade as high as 1.2928 on news of the UK and the EU reached over the last week and it is expected to be boosted again after the Sunday Brexit summit approved the deal supporting the UK Prime Minister Theresa May in her ...
With Brexit headlines having so much influence on the currency market and finishing the UK Brexit deal in the next seven days would be “pushing” according to British Foreign Secretary Jeremy Hunt, the FX market is destined to surf the Brexit ...
The third-quarter UK Gross Domestic Product (GDP) growth rate is expected to see the first quarter’s rate triple while rising 0.6% over the quarter, the Office for National Statistics is scheduled to report on Friday, November 9 at 9:30 GMT. When ...
The outlook for the New Zealand's Official Cash Rate (OCR) to remain stagnant at 1.75% at the upcoming policy meeting of the Reserve Bank of New Zealand (RBNZ) is well anchored. The OCR is set to remain unchanged even as both GDP and inflation data ...
The Brexit deal breakthrough finally hits the wires to support Sterling to conquer 1.3000 after falling to an 11-week low of 1.2698 earlier. The Bank of England Governor Mark Carney repeatedly said that no-deal Brexit is not the most likely ...
The GBP/USD is trading little changed around 1.2800 after falling to fresh October low and the lowest level in the last 7-weeks at 1.2777 on Friday marking the week of declines from 1.3048 Monday open. Global stock market selloff contributed to US ...
The GBP/USD opened the third week of October with the gap on the downside after closing at 1.3142 as the weekend negotiation between the UK Brexit Secretary Dominic Raab and the European Union chief Brexit negotiator Michel Barnier ended in ...
While the Brexit optimism was supporting Sterling during the second week of October, the crack in bilateral negotiations between the UK Brexit Secretary Dominic Raab and the European Union chief Brexit negotiator Michel Barnier last Sunday made a ...