Sterling weakness remains the unified theme in the markets this week. The Pound remain under pressure in Asian session today while recovery attempt was brief and weak. As for the week, Canadian Dollar is currently the second weakest, in tandem with the sharp decline in oil price. Swiss Franc and Yen

Bank of England diprediksikan akan menaikkan rate untuk ketiga kalinya pada kamis minggu ini sebesar 25Bps sejak awal pandemi, meskipun dapat mengganggu growth akibat tensi Rusia-ukraina. Mengingat pada februari lalu terdapat 4 BoE's member mem-voting 50Bps sehingga ada kemungkinan BoE menaikkan suk

The dollar edged higher from weak levels in early European trade Tuesday, with traders balancing rising Covid-19 cases and expanding lockdowns with likely fiscal stimulus and a vaccine rollout. At 3:55 a.m. (ET), the Dollar Index, which tracks the greenback against a basket of six other currenc

European stocks rose as global risk appetite got a fillip from the US political front as Donald Trump formally began the transition of power to Joe Biden's camp, whilst news of ex-Fed chair Janet Yellen being the top pick for the US Treasury was also greeted with approval. Trump's decision to effect

The U.K. budget deficit reached its highest October level on record, reflecting the effects of government coronavirus policies, the Office for National Statistics reported Friday. The public sector net borrowing rose by £10.8 billion from the last year to £22.3 billion in October. This was the highe

The threat of a second wave of a new coronavirus infection caused a fall in the Euro and British Pound indices, against which the US dollar turned out to be much more positive.On September 16, on Fed Minutes, Chairman Jerome Powell made it clear that success in the fight against coronavirus will be

Investors seemed to have put last week’s selloff in stocks behind already. Asian markets, except Japan, trade generally higher following the rebound in the US overnight. Additional, upside surprises in data from China boost optimism that it’s back on track for stronger rebound for the rest of the ye

Sterling remains generally weaker today, on Brexit concerns. But Swiss Franc is apparently worse for now, dropping through a near term support level against the greenback. On the other hand, Yen and Dollar stay firm in mixed Asian markets. Yen is not too troubled by data that showed deeper than esti

The final months of the year are going to be extremely challenging for the global economy, with experts predicting another significant wave of Covid-19 which risks further restrictions around the world at the expense of businesses that are already struggling to cope. Central banks are likely to be c

Sterling has dropped sharply on reports, initially by the FT, that the UK government is planning to unpick parts of the withdrawal agreement that was signed with the EU in January, including elements of the special arrangements for Northern Ireland that are legally binding. Cable dove by over 1% to

The pound depreciated against its major counterparts in the Asian session on Monday, as concerns over a no-deal Brexit intensified after UK Prime Minister Boris Johnson has confirmed a deadline of October 15 for a free trade deal with the European Union. "If London and Brussels don't reach a deal by

AUD - Australian Dollar The Australian dollar offered little to excite investors through trade on Monday, maintaining a 30-point range and bouncing between 0.7270 and 0.7300. Having given up highs above 0.74 the AUD struggled as Labour day weekend in the US ensured volumes remained thin and markets

GBP/ZAR Exchange Rate Dips Despite Solid UK Inflation FiguresThe Pound South African Rand (GBP/ZAR) exchange rate is trading on the back foot this morning as an uptick in UK inflation failed to inspire confidence in GBP investors.At the time of writing the GBP/ZAR exchange rate is currently trading

Pound to Euro Exchange Rate Holds This Week’s Gains amid Strong UK InflationWhile this morning’s UK inflation report had little impact on Sterling (GBP), the Pound Sterling to Euro (GBP/EUR) exchange rate is still holding its ground today. The pair has been climbing since yesterday on hopes for prog