With the exception of the US dollar (USD), the pound sterling (GBP) increased versus its primary counterparts on Friday following the announcement of strong UK retail sales statistics for January. Retail sales, a crucial indicator of consumer...
Date: 21st February 2025. European PMI Disappoint, Weighing on Euro Before German Elections The German Manufacturing PMI read 0.5 points higher than previous expectations and the Services PMI was 0.2 points lower. The data from Germany was a relief...
Technical Analysis: EUR/USD stays above 50-day EMA EUR/USD slumps to near 1.0470 after the release of February's preliminary PMI data for the Eurozone and its major nations. The Eurozone Composite PMI expanded at a steady pace of 50.2 in February....
UK inflation changes interest rate expectations Traders have revised down their expectations for the Bank of England's key interest rate after an unexpected rise in inflation in the country, reducing their confidence in two possible cuts of 25 basis...
Technical analysis of GBPAUD Today I choose GBP/AUD for technical analysis; the market price is between 1.9920 resistance and 1.9757 support. Market price breaks below resistance and shifts from support to price action. However, if your market price...
