Blogs

Gold price (XAU/USD) slips marginally below $2,040 ahead of the United States core Personal Consumption Expenditure price index

The Euro loses steam right below 1.1000, with downside attempts limited for now.

Oil prices are jumping higher throughout the week as Red Sea attacks fuel fears of disrupted supply chains. On Monday, a vessel was attacked by missiles coming from Houthi rebels, making the passage in the Red Sea to the Suez Canal unsafe as a

Economists at Goldman Sachs have revised their Franc’s forecasts against the Euro and Dollar.

Cable dropped on Wednesday morning on softer than expected UK November inflation, losing around 0.4% after data release.

The Greenback keeps heading south against its Canadian counterpart on Wednesday reaching fresh multi-month lows below 1.3330.

Over the last year, EUR/GBP has averaged 0.87, trading roughly in a 0.85-0.90 range.

At the start of this year the IMF was especially gloomy about the outlook for 2023 saying that they expect that a third of the global economy would fall into recession, against a backdrop of slowing global growth, and central banks that looked set to hike rates even further over the coming months.

Portugal Current Account Balance: €4.151B (October) vs €3.943B

GBP just lurched lower in response to the much weaker-than-expected inflation data from the UK.