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Buying Momentum Falters, Shutdown and Consumer Confidence to Move Dollar

December 27, 2018 9:33 AM
Buying Momentum Falters Asian markets pushed higher overnight, with the exception of the Shanghai Index, which was nursing losses following dismal Chinese industrial profits. Europe also started in the black, although European bourses were back in the red by midway through the European session.

UK Budget 2018: Austerity “coming to an end” fails to lift GBP/USD

October 29, 2018 2:08 PM
The UK Chancellor Phillip Hammond has delivered the UK’s budget today. Although he declared that the era of austerity is "finally coming to an end," sterling bulls were not impressed. The EUR/GBP hit its highest level since early October near 0.8900, while the GBP/USD hit a fresh session low beneath 1.2800 after the Chancellor had finished his speec...

Pound in focus as Osborne prepares to deliver budget

March 16, 2016 8:10 AM
<p>It is going to be a big day for the UK assets with the budget due for release shortly and after this morning’s slightly stronger than expected jobs and wages data. Although Chancellor George Osborne is expected to announce few surprises at this budget, certain stocks and/or sectors will be impacted in one way or the other. The pound is also likel...