Despite the fridge-like conditions, polling booths around the country opened their doors at 7am this morning and will close again at 10pm. The currency markets are bracing themselves for another roller coaster, to add to what has already been a tumultuous year.
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GBP Sterling failed to ignore the broad Dollar recovery while declining to 1.2940 as we start Tuesday’s trading session. The pair’s pullback could also be attributed to the recent changes in the UK’s political outlook and cautious trading ahead of President Trump’s London visit for the NATO summit.
VIEW FULL ARTICLEPosted in Daily Market News on Dec 3 2019 by Ben Kohler
GBP UK consumer credit grew faster than forecast in October and net lending to individuals increased to £5.6bn; suggesting firm consumer spending. The 4 pm fix brought choppy conditions due to month-end and pre-weekend position taking. Sterling ended up back above 1.2900 on the Dollar, peaking near 1.2940 and the Euro...
VIEW FULL ARTICLEPosted in Daily Market News on Dec 2 2019 by Rob Affleck
Posted in Daily Market News on Nov 29 2019 by Rob Affleck
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