GBP/USD falls after as retail sales fall & as political turmoil continues The relief rally in the pound following PM Liz Truss’ resignation was short-lived. The focus is now on who will take over. Currently, ex-PM Boris Johnson and former Chancellor Rishi Sunak are early frontrunners. Whoever takes over, the UK economic outlook is bleak […]
The post Two Trades to Watch: GBP/USD, USD/CAD appeared first on Action Forex.
Gold price fell at the start of the week, losing around 1.8% by mid-European trading on Monday, reflecting growing concerns about rising inflation that prompted major central banks to take more hawkish stance, despite that Read more…
The ECB’s latest Survey of Professional Forecasters points to a worsening macro mix for the Eurozone, with higher inflation and weaker growth in the near term. Headline HICP inflation is now expected to rise from Read more…
There is an old line I picked up early in covering Detroit: never bet against the American consumer’s love of trucks. For the past three years, automakers tried anyway. They poured tens of billions of Read more…