Month: January 2020

The Pound Sterling steadied against its major rivals during the London trading session though FX traders are wary of this week’s policy decision from the Bank of England. The latest polls are suggesting that analysts and economists are unsure of the likely outcome of the vote to adjust the interest […]

Global markets headed broadly lower on Monday, following a decline started last week that was compounded when new cases of the deadly coronavirus were discovered across the globe and the death toll climbed to 80. The World Health Organization (WHO) hasn’t yet declared the virus a global health emergency, but […]

The head of the European Central Bank told reporters on Thursday that downside risks continued to be a concern to the central bank, which market players viewed as a more dovish tone than had originally been anticipated. Christine Lagarde pointed out that the ECB’s attempts to meet target inflation had […]

The Swiss National Bank chairman Thomas Jordan said during an interview with Bloomberg TV that the bank doesn’t engage in currency manipulation through foreign currency purchases. “We do not manipulate the currency, but we have to intervene to steer monetary conditions in Switzerland,” he told Bloomberg TV during the Davos […]

The Pound Sterling had earlier recovered from a 1-month trough against the common currency Euro of the previous session, as this week’s economic data reduced the likelihood that the Bank of England will cut interest rates at the upcoming policy meeting. Money markets are now pricing in a 50% likelihood […]

The death toll for those hit by the China-born coronavirus surged to 17 on Wednesday, from 11 earlier in the week, sending ripples of concern across the globe. The concern stems from several factors. Firstly, there is no known vaccination for the disease, and no confirmation of its exact origin, […]

Investors’ expectations that the European Central Bank is poised to express a more cautious turn has kept the Euro under pressure. The policymakers are due to meet tomorrow and are likely to signal that it intends to maintain a dovish tone, despite relatively upbeat data recently. Analysts point out that […]

During the weekend, loyal groups to General Khalifa Haftar managed to disrupt the Lybian oil production, as they blocked the oil ports in eastern Libya and the Sharara fields in southern Libya as well as disrupting the transportation of crude from the fields to the export terminal. On Sunday, more […]

Only hours before his impeachment trial was set to begin, U.S. President Donald Trump addressed an eager crowd at the 50th annual World Economic Forum in Davos, Switzerland. Trump used his podium to promote his “America First” agenda and to call on other world leaders to implement their own nation-centric […]

Before the release of UK labor data, the Pound Sterling had remained steady. After the Office of National Statistics released the information, though largely mixed, FX markets were satisfied with the outcome and pushed the Pound higher. The ONS reported that the ILO unemployment rate remained flat at 3.8%, as […]