Blogs

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The GBP/USD tumbles in the mid-North American session trade with losses of 0.74% and exchanges hands at 1.2535.

European equities shifted around the centerline on Monday before settling slightly in the red to kick off the new trading week as investors await another raft of earnings data while pan-European economic data continues to get stuck in the mire.

The Bank of England's (BoE) Chief Economist and Executive Director for Monetary Analysis Huw Pill hit newswires on Monday with a measured tone, noting that while interest rates are overwhelmingly pointed down looking forward, rate cut expectations might be somewhat premature as the BoE looks for firmer evidence that UK inflation will continue

Last week’s decline took stocks under a lower line of interesting formation.

In Monday's session, the EUR/GBP pair was seen trading at 0.8560, gaining a 0.25% and seems to be marching towards the 20-day Simple Moving Average (SMA) at 0.8565 .

The Reserve Bank of Australia (RBA) will announce its next Interest Rate Decision on Tuesday, February 6 at 03:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of eight major banks regarding the upcoming central bank's decision.

In January, the Japanese Yen (JPY) was the worst performing G10 currency.

The Mexican Peso (MXN) is the only Latin currency to be up against the Dollar on a total return basis in 2024.

The Euro (EUR) extended its losses against the Greenback (USD) in early trading during the New York session, down 0.40%, sponsored by high US Treasury yields and the strong US Dollar.