The pound has extended its gains and has gained 2.3% this week. In the European session, GBP/USD is trading at 1.1581, up 0.75% on the day. Sunak delays budget Incoming UK Prime Minister Rashi Sunak faces profound challenges on the economic front. Sunak will be looking to settle things down after a dizzying pace of […]
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Key Highlights GBP/USD started a fresh increase from the 1.3450 support zone. A rising channel is forming with resistance at 1.3660 on the 4-hour chart. EUR/USD could regain traction if it clears the 1.1750 resistance. Read more…
New Zealand’s labor market showed tentative signs of stabilization in the first quarter, with the unemployment rate unexpectedly falling from 5.4% to 5.3%, below expectations for no change. Employment rose 0.2% qoq, slightly under the Read more…
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