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Forex news

Pound weakened during the beginning of the weekly trading

01:13 pm 2019-10-07

The pound weakened against its major counterparts in early European session on Monday, after a media report that British Prime Minister Boris Johnson was ready to take legal action in his attempts to ensure that Britain could leave the European Union this month without any agreement. UK house prices grow at the slowest pace in over 6 years On the data front, UK house prices rose at the slowest rate since April 2013, indicating the…More

Dollar mixed after US non-farm payrolls and US trade data

01:34 pm 2019-10-04

Dollar mixed versus currencies after the dollar traded in a narrow range early on Friday in Europe after the most important monthly employment report, at the end of the week in which economic data indicated that the apparent slowdown in the global economy does not survive the United States Non-farm payrolls in the US increased by 136,000 in September On the data front, the US Bureau of Labor Statistics reported on Friday that US non-farm…More

Pound jumps in conjunction with Johnson offer Brexit deal

01:41 pm 2019-10-03

  The pound jumped on Thursday as UK Prime Minister Boris Johnson made his proposal for Brexit in parliament while EU officials confirmed the deal could still be difficult, but there were reports that the EU would be willing to give the UK another extension. However, Johnson said in Westminster that he would leave the UK from the EU on October 31 with or without a deal while Labor leader Jeremy Corbyn accused the prime minister of wanting the Trump Brexit deal. …More

Sterling fell after Johnson announced his high-level Brexit

01:17 pm 2019-10-02

The pound fell against its major counterparts in Wednesday's European session, as the country's construction sector contracted further in September and investors looked forward to Prime Minister Boris Johnson's speech outlining the Brexit offer at the annual Conservative Party conference today. Johnson: The UK does not want to monitor the border in Northern Ireland  UK Prime Minister Boris Johnson said on Wednesday he would not propose any border controls on or near the border between Ireland…More

Dollar rallied and Pound weakened with Yen and Swiss Franc

02:32 pm 2019-10-01

The dollar gained as the pound hit losses on Tuesday afternoon as the Conservative Party continued for a third day, as Prime Minister Boris Johnson is expected to propose his final Brexit plan to EU leaders. Meanwhile, the yen and the Swiss franc fell against the dollar during Tuesday's trading amid optimism about the development of trade talks between the United States and China.  Johnson would not apply for an extension of Article 50 to Brussels. More

Sterling rises despite UK GDP shrank by 0.2% in second quarter

09:46 am 2019-09-30

The Pound surged despite British Prime Minister Boris Johnson's pledge on Sunday to stay in office even if he failed to reach an agreement on his country's exit from the European Union, saying only his Conservative government could complete it on October 31. With or without agreement. Javed: No deal is not perfect, but the government will not seek to postpone Brexit  British Chancellor of the Exchequer Sajid Javed said on Monday that Britain's…More

Dollar stabilizes amid Trump's threat of a stock crash if he sacked

12:50 pm 2019-09-26

The dollar rose against the euro and sterling, while relatively stable against most major currencies, amid investigations about Trump and as investors assess the future of trade after the US president's statements on the deal with China. Trump: Stock markets will collapse in case of impeachment US President Donald Trump has claimed that stock markets will "collapse" if Democrats succeed in initiating an impeachment investigation. Trump quoted a headline saying "If they…More

Dollar rises against major currencies amid rising uncertainty

12:55 pm 2019-09-25

The US dollar rallied on Wednesday, despite an investigation into the removal of President Donald Trump, raising the risk of falling markets. The US House of Representatives will launch a formal inquiry into the accountability issue over whether Trump has asked Ukraine for help to tarnish former Vice President Joe Biden, the Democratic presidential nominee for 2020. Trump has denied the allegations. Achieving accountability is unlikely to sack Trump, but development has added uncertainty to financial markets. High-level trade talks…More

Pound rises against currencies after House of Commons ruling

11:33 am 2019-09-24

Sterling rose against the dollar and the euro after the British judiciary ruled that the decision of Prime Minister "Boris Johnson" to freeze the work of Parliament. The UK High Court said on Tuesday that the prime minister acted illegally when he issued a five-week suspension of parliament earlier this month. Birko: The House of Commons of the United Kingdom should meet immediately John Birko, the outgoing speaker of the House of Commons, responded…More

Dollar gained against most currency counterparts and Yen fell

11:39 am 2019-09-23

The dollar rose against most currencies, mainly supported by the depreciation of the euro, which was negatively affected by the release of weak data that raised concerns about the prospects of the euro-zone economy. The yen also retreated as a safe haven against other major currencies on Monday as risk appetite improved after two days of trade talks between the United States and China in Washington, which were described as fruitful. Treasuries rise ahead of US economic dataMore

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