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GBP/USD is up for a sixth straight day. In the North American session, the British pound is trading at 1.1272, up 0.94%.It was quite the ride for the last week, as it traded in a 500-point range and...
The markets begin October with some trepidation. Rumors continue to circulate about the health of a large European bank, cross currency swaps are elevated, suggest dollars are more difficult to...
Powell’s Jackson Hole Speech Emphasizes Inflation Fight As Investors Realize Rates Must Head HigherIn September, the Dow Jones Industrial Average fell 8.28 %, the S&P 500 dropped 8.63 %, and...
It remains all about the Fed as it continues down an aggressive tightening path. Wall Street will now fixated on how quick this economy is going to weaken. A weakening consumer will help drive down...
To say that gold has been struggling this year is an understatement. As the chart below shows, the price of the yellow metal declined from above $2,000 to below $1,700 (as of September 20). That slide...
Inflation in the euro area hit a new all-time high of 10% in September, driven by colossal energy and food costs.According to Eurostat data, inflation in the Eurozone surged to a new peak of 10% in...
The British pound has posted slight gains, after a spectacular showing on Thursday. In the European session, GBP/USD is trading at 1.1145, up 0.26%.For anyone looking for lots of volatility, look no...
While some criticized the UK government for collapsing the pound on the government's plans to cut taxes, others were buying the British currency. The pound's movement on Friday and Monday looks like a...
Short bets against the pound increased by 17% in the first half of September as Truss became PM.Hedge funds have significantly increased their short positions against the pound since Liz Truss became...
In response to Prime Minister Liz Truss' defense earlier today of Friday's massive package of unfunded tax cuts that rocked markets, the pound sterling lost two days' worth of gains, and UK gilt...
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