The British sterling slipped today after weak inflation data backed up the Bank of England’s call for urgent stimulus to boost the UK economy.
Traders around the world are watching this month’s NFP closely, expected to be one of the last big market movers of the year.
The USD climbed in Asia today following President Trump’s announced plans to impose tariffs on the imports of metals from Argentina and Brazil.
Following the release of strong economic data, the USD managed to stay little changed in early Asian trading today.
Every year, full from their hearty Thanksgiving feasts, millions of US shoppers gravitate to stores across the country on the Friday after the famed US holiday, in hopes of bagging a bargain or nailing their Christmas shopping.
US equities rallied to record highs overnight on Wall Street amid optimism over a US-China “phase one” deal while the USD strengthened.
The pound has boosted above $1.30 today amid election speculation. The cable peaked to its highest since October 22nd, touching $1.2972 against the dollar.
The pound remained supported at 1.2936 as investors gambled on less risk of a hard-Brexit as the election campaign is already underway.
“Do or die”, the spooky words uttered by Prime Minister Boris Johnson. The same words that reveal his much-heralded Halloween deadline to be more trick than treat.
FX experts and strategists are certainly ruling nothing out ahead of tomorrow’s crucial parliamentary vote on Britain’s deal to withdraw from Europe.