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The Pound Sterling took a sharp downturn after the Office of National Statistics released data which disappointed many FX traders.
The European Union is planning to launch an alternative to the World Trade Organization (WTO) as the latter is being threatened by president Donald Trump's blockade.
A deal last week between the United States and Mexico has suspended U.S. President Donald Trump’s planned tariffs on Mexican imports, sending global markets higher on Friday on Wall Street and into Monday’s Asian trading session.
As of today, 7 June 2019, Theresa May has officially stepped down as Conservative leader and Prime Minister of the United Kingdom.
Though currently higher, the US Dollar is on track to record its worst single week's performance this year ahead of the release of private sector labor data.
Trading in the Pound Sterling was relatively subdued with the GBP/USD and EUR/GBP pairs trading within recent ranges as FX traders watch the hotly contested challenge for the Prime Minister's seat.
According to the European Commission data, Italy is not complying with the European Union spending rules.
The U.S. dollar was lower on Thursday afternoon in Asia after a difficult day of negotiations between the U.S. and Mexico on Wednesday in which negotiators failed to find a compromise about trade and immigration issues.
The trade war, which was initiated by US President Trump against China, is now impacting the US Dollar.
British conservative leader Boris Johnson warned his party about the consequences of not delivering the Brexit
After a rough start to the week and a dismal finish in May on Wall Street, global stock indexes headed broadly during Tuesday’s New York session, and Asian indexes followed in kind on Wednesday.
Though higher currently, the Pound Sterling remains within striking distance of a 5-month trough versus the Euro during Tuesday trade as worries of a hard Brexit weigh.
South Korea’s economy contracted 0.4 percent, falling more than the 0.3 percent the analysts expected, according to the South Korean central bank data which published its data earlier on Tuesday.
The U.S. dollar fell to a five-month low against the yen on Tuesday, pressured by lingering concerns over a global economic slowdown and increased expectations for an interest rate hike by the Federal Reserve.
Market demand for safe haven currencies sent the Swiss Franc close to a 2-year peak versus the common currency Euro as the trade tensions between the United States and China increase.