British pound traded lower on Wednesday after the release of worse-than-expected UK trade deficit data. The report recorded a jump of 23%, showing a gap of £12.2 billion, compared to £9.9 billion for October, after a slight revision lower, and the deficit of £9.6 registered for November 2015. The...
The British pound stood at its lowest level against the dollar since late October on Tuesday as it hit a session low of $1.2107. Sterling also recorded significant losses compared to the euro, falling to a new two-month low of €1.1411.
The currency was weighed down by comments from the United...
The Bank of England (BoE) is scheduled to announce its monetary policy decision on Thursday at 1:00 p.m. CET. Back in August, following the Brexit referendum shock, the central bank cut its key interest rate to 0.25%, and increased its quantitative easing program from £375 billion to £435 billion,...
Stocks in all major exchanges in the United States of America opened lower on Thursday. In less than 24 hours, three major central banks decided not to change their interest rates. The U.S. Federal Reserve left federal fund rate at 0.25-0.50% range; the Bank of Japan stood by its negative key rate at...
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