gbp

The British pound has posted gains in the Wednesday session. In North American trade, GBP/USD is trading at 1.3867, up 0.53% on the day. On the release front, consumer inflation beat expectations. CPI jumped 0.5%, above the estimate of 0.3%. Core CPI remained steady at 0.3%, edging above the forecast of…

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U.S. consumer prices rose by more than projected in January as apparel costs jumped the most in nearly three decades, adding to signs of an inflation pickup that have roiled financial markets this month. The consumer price index rose 0.5 percent from the previous month, above the median estimate of…

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Wednesday February 14: Five things the markets are talking about Are financial markets justified going from a growth story to an inflation narrative? Today’s U.S consumer price index (08:30 am) is being touted as one of the most significant economic releases in a number of years as capital markets seek…

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Safe haven flows after the stock market collapse favour JPY and CHF The US dollar is once again on the back foot on Tuesday. The currency is softer against major pairs ahead of key US inflation data for January. The U.S. Federal Reserve along with traders will be looking at…

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The British pound has posted gains in the Tuesday session. In North American trade, GBP/USD is trading at 1.3892, up 0.39% on the day. On the release front, British CPI was unchanged at 3.0%, edging above the forecast of 2.9%. There are no major events out of the US. On…

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Oil prices slid more than 3 percent on Friday as U.S. futures fell below $60 a barrel for the first time since December on renewed concerns about rising crude supplies. U.S. and Brent crude futures have slid more than 11 percent from this year’s peak in late January. Brent fell…

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UK inflation stuck at its highest level for almost six years last month, continuing the squeeze on household budgets. The consumer prices index (CPI) held steady at 3% in January for the second month running, according to the Office for National Statistics, confounding economists’ expectations that the rate would fall…

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Tuesday February 13: Five things the markets are talking about Euro equities are trading steady despite a late down swing in Asia, as investors wrestle to find direction after this month’s early collapse. The dollar has weakened against G10 currency pairs while Treasuries have edged a tad higher along with…

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BP is committed to staying headquartered in Britain, CEO Bob Dudley told CNBC on Monday. Dudley, who is in Cairo for the Egypt Petroleum Show, was asked if BP’s head office would remain in the U.K. regardless of the outcome of Brexit negotiations, or whether the company’s presence was conditional…

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Monday February 12: Five things the markets are talking about Investors are bracing for another bumpy ride this week after market volatility has returned with a vengeance, delivering the biggest rout in global stocks in a number of years. Despite stocks getting a reprieve overnight, investor fears of interest rate…

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