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Dollar was mixed against the currencies after the US GDP data

02:08 pm 2018-11-28

 Dollar's performance diverged at the beginning of US trading after US GDP data rose in the third quarter. In another statement, US wholesale inventories rose 0.7% in October US GDP rises 3.5% in third quarter US GDP expanded 3.5% in the third quarter of 2018, according to "advanced" estimates by the US Bureau of Economic Analysis released on Wednesday. In the second quarter, GDP rose by 4.2%, the same as in previous forecasts. The expansion of the economy is attributed to personal consumption…More

The British Pound rallied against major currencies amidst the brexit developments

09:18 am 2018-11-28

The pound recorded gains against most major currencies during morning trade as the UK's exit from the EU progressed and officials continued to comment Hammond: You must prepare for all possibilities   Despite criticism of Prime Minister Teresa Mae's plan, there is still no better deal available to meet the 2016 people's vote, Britain's Treasury Secretary Philip Hammond said on Wednesday.  In an interview, Hammond pointed out that the UK would find itself in a "dark zone" if the deal did not…More

Pound continued to fall and inflation in UK retail sales rose

12:49 pm 2018-11-27

   UK Prime Minister Teresa Mae on Tuesday began a visit to Wales, Northern Ireland and Scotland, where she will try to promote the European Union (EU) exit package, which was approved by the European Union on Sunday. While on the road, its first stop will be Belfast. During the tour, Mai will try to convince local leaders, religious leaders as well as politicians that the difficult border between Ireland and the UK will be avoided thanks to the current Brexit agreement. Earlier, in his speech before…More

Euro fell in morning trade and awaited the Italian budget stance

08:16 am 2018-11-27

The euro fell in morning trade, while European long-term futures fell on Tuesday after US President Donald Trump said it was unlikely that China's import tariffs would be delayed to 25 percent. Trump added that if no agreement was reached with Beijing, additional punitive measures worth $ 267 billion would be applied.  At the same time, the Italian government said it was making concessions in the face of possible sanctions from the European Commission, but Rome indicated a Brussels-based settlement. Italy cuts deficit…More

British pound was mixed against the currencies as the Brexit deal unfolded

11:44 am 2018-11-26

   The Sterling diverged in early trading as the Brexit data continued to circulate as the round of voting in the European and British Parliament is approaching the exit agreement Brexit Secretary Stephen Barclay admitted on Monday that it would be a "challenge" to get a draft exit agreement negotiated with the EU through Parliament. Speaking on LBC, Barclay said the results of the referendum must be respected, adding that the refusal to arrange could result in Brexit coming out of the deal. On Sunday, the bloc…More

Dollar fell in European trading in the first weekly trading

10:58 am 2018-11-26

ان   The dollar fell broadly on Monday, as the euro and the pound rose as concerns over the Italian budget row declined, but investors remained cautious as a host of geopolitical risks continued to emerge. US President Donald Trump and his Chinese counterpart Xi Jinping are expected to meet on the sidelines of the summit, and investors hope that the talks between the spouses will lead to a ceasefire in the trade war between Washington and Beijing. The dollar was supported overnight as fears of slowing global economic growth…More

Eur is down against the major currencies after the German and euro zone data

09:55 am 2018-11-23

 The euro fell sharply in morning trade with data in the euro zone as data showed that private sector growth in Germany, the eurozone and German GDP The private sector in the euro area is at its lowest pace in four years The eurozone private sector grew at its slowest pace in nearly four years in November, with expansions in both manufacturing and services slowing, according to flash estimates from IHSMarket on Friday. The composite PMI, or PMI, which combines manufacturing and services,…More

pound is jumping after the EU approval of the UK future relations declaration

12:54 pm 2018-11-22

The British pound rose on Thursday, recovering some of the previous losses, as the European Commission approved a draft version of the political declaration on the future relationship between Brussels and London. The European Union and the United Kingdom sought to expand and deepen mutual partnership in areas of economic importance, law enforcement, criminal justice, foreign policy, security and defense. The bloc expressed its determination to end Irish support in the future, but agreed to extend the transitional period after the departure of London for up to a…More

The Dollar is down against major currencies ahead of Thanksgiving Day

11:32 am 2018-11-22

 The dollar fell against a basket of currencies on Thursday as cautious optimism in the markets led to lower demand for safe haven, while the euro rose amid hopes of resolving the dispute over Italy's budget. Meanwhile, the European Commission on Thursday approved a draft version of the political declaration on the future relationship between the European Union and the United Kingdom, spokesman Margarets Shinas said. The document is now awaiting approval from EU leaders at the European Council summit on Sunday. Europe has seen…More

The pound was mixed against the currencies after the exit agreement failed

07:42 am 2018-11-22

  Theresa May says she may return to Brussels on Saturday as the UK prime minister said she could return to Brussels on Saturday after failing to end the exit deal with European Commission President Jean-Claude Juncker on Wednesday. The negotiators are said to be working all night to address the remaining issues. They will begin to work on it immediately because they have sufficient guidance to do so, May added. Earlier, it was reported that the EU might cancel the EU summit on Sunday unless the remaining parts of…More

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