GBP/USD Cautious as UK Unemployment Ticked Up
The British Pound reacted lower to today’s data that showed an unexpected increase in the jobless rate, which could potentially help the BoE into a less aggressive stance, but wages remain elevated
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The British Pound reacted lower to today’s data that showed an unexpected increase in the jobless rate, which could potentially help the BoE into a less aggressive stance, but wages remain elevated
The Chinese economy has been reopening after the abandonment of the strict Covid containment policies, but April’s indicators cast doubt over the prospects of the recovery
The Bank of England raised rates again on Thursday and kept the door open to further tightening, but the index shows resilience as the bank does not see recession any more
The pair registered its worst week since September, as risk factors helped the greenback, but finds reprieve today ahead of critical support region
Most major central banks around the world have been aggressively hiking rates for around a year now to rein in inflation, but different approaches have emerged, as they get closer to peak rates in an uncertain environment
The commodity made a strong start to the week, but erases those gains on soft inflation data from China that cast doubts over the strength of its recovery and an increase in US stockpiles, as banking fears persist
The Bank of England raised rates again on Thursday and despite keeping the door open to more tightening, the pair dropped on USD demand, but steadies today
Watch today’s US Open for commentary the rate hike by the Bank of England and its non-committal stance around future moves, the latest quarterly results by entertainment giant Disney and more
The BoE delivered its twelfth straight rate increase and kept the door open to more moves with typically vague communication, while upgrading its GDP and inflation forecasts
The entertainment giant announced overall solid results for Q2 FY2023 (period ending April 1) and even though its streaming user base contracted, it kept the top spot and the financials of the business improved
The two electric Vehicle (EV) startups continue to face a challenging environment, but Rivian’s quarterly results offered some reason for optimism, while Lucid ‘s were less encouraging
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