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👤Arthur Greene
🕔October 9, 2016
The GBP had a rough week last week as the currency took a beating overnight as it fell to a 31 year low under strange conditions, in spite of all this analysts predict that there will be more uncertainty for the GBP.…
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Switzerland GDP Growth Strengthens
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👤Xinyang
🕔September 6, 2016
News Event
From Trading Economics: Switzerland’s economy grew by 0.6 percent in the June quarter of 2016, as compared to an upwardly revised 0.3 percent expansion reported in the previous three months and beating market consensus of a 0.4 percent growth.…
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👤Arthur Greene
🕔August 9, 2016
- More fundamental troubles for the UK Economy
- Ian McCafferty instigates new low for the GBP
The GBP today dropped 0.5% to settle at a fresh 1 month low against the USD after falling consecutively for 5 days, the slump although a negative development made the GBP today’s most active currency in the market.…
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Weekly Forecast for the Market
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👤Lisa Harris
🕔August 7, 2016
The mounting pressure between the stimulus upgrades made by the Bank of Japan and the Bank of England combined with the very positive US Non-Farm Payroll numbers released last week has restored monetary policy advantages and risk appetite, the question on every investor’s mind is whether the current market atmosphere can survive faltering confidence.…
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Gloomy Outlook for the GBP
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👤Lisa Harris
🕔August 5, 2016
The UK economy after its controversial Brexit vote has been in the red with a mix of bad economic reports and worse future projections, as the influential UK think tank National Institute of Economic and Social Research (NIESR) said recently that, “320,000 jobs would be lost by the third quarter of next year and warned that the economy had a 50%chance of slipping into recession in the next 18 months”.…
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Market Reels from BOE Stimulus
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👤Nurudeen Amedu
🕔August 5, 2016
The pound turned sharply lower Thursday after the Bank of England cut interest rates for the first time in seven years and announced a fresh round of stimulus measures intended to mitigate the effect of the U.K’s decision to leave the European Union.…
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👤Nurudeen Amedu
🕔August 1, 2016
- USD still in recovery
- GBPUSD share the same plight
The Dow Jones FXCM USD Index shows the USD opening the new month with a slump as it entered into a near-term support range that was triggered by Friday’s GDP release, the GDP caused the index to break another support level.…
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👤Arthur Greene
🕔July 31, 2016
JPY strengthened as soon as the Bank of Japan announced disappointing stimulus measures this month. The Central Bank’s vote to raise ETF purchases ended 7-2 in favour of raising the purchases from the previous annual pace of 3.3 trillion about 6 trillion yen.…
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👤Lisa Harris
🕔July 30, 2016
The GBP has established a strong range against major pairs like the Euro and the USD over the period of the second week of July to the end of July, and there is a very simple reason for this. There is a lot of anticipation for the Bank of England’s big decision, and it is very easy to deduce that placing a major bet on either side in anticipation of this decision would not be wise.…
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UK GDP Surprises Market
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👤Lisa Harris
🕔July 27, 2016
- UK GDP raises more questions
The UK GDP today shocked investor as it exceeded analysts’ forecast by rising 0.6% in the second quarter, reflecting a stronger UK economy before the Brexit, although the figure also includes 1 week after the Brexit.…
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