Home Tags GBP/USD

Tag: GBP/USD

‘The UK is like an emerging market now’ thanks to Brexit, says veteran investor Mark Mobius

"Their balance of payments is terrible; their government debt is terrible; their fiscal debt is terrible," Mobius said.
Federal Reserve Board Chairman Jerome Powell is due to hold a news conference after the FOMC decision on Wednesday.

US stocks set to gain as investors await the first Fed meeting of 2019 and a tech earnings bonanza

Chinese stocks slipped, Europe was mixed, and US futures gained before the Fed decision. Investors are navigating a minefield of market catalysts.
Traders are confused.

‘Like playing darts while riding a unicycle’: Markets just don’t know what to make of UK politics right now

London traders are struggling to make sense of the shocking move by Prime Minister Theresa May's own party to try and oust her from power.

The pound dropped against the dollar and euro after the Bank of England hiked interest rates

The interest rate hike was largely priced in as the central bank tries to rein in inflation, so any dramatic movement in the pound on the day was unlikely.