GBP/USD starts the new week of October at 1.3237. The pound is seizing every opportunity to rebound from three-month lows after a weak US labour market report put pressure on the dollar. The US economy added just 29,000 jobs in September, compared with expectations of 90,000. This has reinforced expectations that the Federal Reserve could […]
The post GBP/USD in Positive Territory as Pound Rebounds from Lows appeared first on ActionForex.
Eurozone producer-price inflation accelerated sharply in August, with industrial producer prices rising from 1.6% to 1.9% m/m and from 5.8% to 8.2% y/y. July’s readings were unrevised. Energy remained the dominant driver, with energy producer Read more…
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Eurozone investor confidence weakened in October, with the Sentix Overall Index falling from 5.1 to 2.7. The deterioration came entirely from expectations: the Current Situation Index was unchanged at -3.3, while the Expectations Index fell Read more…