Sterling has faced significant selling pressure as markets reacted negatively to the Labour government’s budget announcement. Some analysts draw comparisons to the free fall following former Prime Minister Liz Truss’s mini-budget two years ago. Yet, the current selloff is notably milder. The focus now is on whether Sterling can stabilize in the coming days or […]
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The AUD/USD pair fell to 0.6566 on Friday, marking its lowest since early August. The US dollar continued to strengthen last night, bolstered by signs of resilience in the US economy. Additionally, investors hold significant Read more…
UK’s PMI Manufacturing was finalized at 49.9 for October, down from September’s 51.5, marking the first contraction since April. Rob Dobson, Director at S&P Global Market Intelligence, noted that the sector has entered Q4 on Read more…
Check back for updates throughout the trading day U.S. equity futures moved higher in early Friday trading as investors looked to rebound from a difficult October with eyes on a crucial jobs report heading into Read more…