Pound plunges as Bank of England delivers dovish message amid interest rate hike
The pound plunged on Thursday, sending the FTSE 100 near record highs, as investors expressed disappointment in the messaging around the Bank …
The pound plunged on Thursday, sending the FTSE 100 near record highs, as investors expressed disappointment in the messaging around the Bank …
What markets are doing: The FTSE 100 index rose 0.9% to end at 7,555.32, scoring its highest close since Oct. 12, according to FactSet data.
Investors appear to have taken a bit of a breather after the markets flirted with 2-year highs. The FTSE 100 of the UK outperformed the rest of Europe …
By the close, the FTSE 100 was up 0.90% to 7,555.32, while the pound was down 1.71% against the euro at 1.1205 and 1.41% weaker versus the …
The FTSE 100 index closed up 0.9% on Thursday, or 67.36 points at 7,555.32, its highest closing level in three weeks. The mid-cap FTSE 250 index …
USD/JPY is holding just below a critical resistance range ahead of tomorrow’s U.S. labor report. Here are the updated targets & invalidation levels that matter.
The FTSE 100 of the UK outperformed the rest of Europe after the Bank of England hiked interest rates. The Bank of England raised its key rate for the …
After the Bank of England’s decision to double UK Bank Rate to 0.5%, Brexit will be the main driver of the British Pound: up on progress, down on setbacks.
And with the FTSE 100 company keeping the foot down on its foreign expansion drive, profits are predicted to keep on stomping higher. Bottom-line …
In part 2 of the series, learn how Forex is measured, what a currency pair is, and how risk-to-reward ratios help traders set profit targets and stop losses to minimize risk. When you think about the price of anything, it is pretty easy to grasp because there is a single price. For example, when trading oil, the price quote is the price per barrel of oil. When trading gold, the price […]
The FTSE 100 was up 0.7% to 7,536.82 in afternoon trade on Thursday as the pound tumbled after what was considered a dovish rate hike by the …
The table shows the FTSE 100 and FTSE 250 shares (excluding investment trusts) with the highest number of net buys (buys minus sells) among HL …
Today, the US dollar continues trading with bearish bias. The currency lacks momentum as investors are waiting for the bill on Trump’s tax reform to be approved. Furthermore, today Donald Trump is due to announce his decision on the new Fed Chairperson. It is widely expected that the president will decide in favor of Jerome Powell, who is dovish on monetary policy. This is the main factor that puts the US […]
In stock markets, the FTSE 100 index–which generates roughly 68% of its revenues outside the U.K., according to FactSet–rose 0.4% in afternoon …
Broader outlook for AUD/USD remains tilted to the downside as the exchange rate preserves the bearish trends carried over from the summer months.
GoPro shares moved sharply lower after full-year guidance failed to impress, which could mean a breakdown from a head and shoulders pattern.
The proposal retains the top individual tax rate, but targets a popular mortgage interest deduction.
Another big downward movement came from Randgold Resources (RRS), whose shares fell 7% to below 7,000p in the FTSE 100 after a 9% drop in …
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The combination of Brent crude prices over $60/bbl for the first time since early 2015 and dramatic cost-cutting exercises have made BP (LSE: BP) …
What markets are doing: The FTSE 100 index rose 0.8% to 7,544.67, with only the tech sector in the red, and the gauge was on track for its highest …
During the European session today, traders are focusing on the British pound. Market participants expect the outcome of the Bank of England meeting initiated to determine the course of monetary policy. Everyone is waiting for the Bank of England to raise the rate today. These expectations are based on high inflation and low unemployment. Nevertheless, the ECB has extended the quantitative easing program, which could be a serious obstacle for the Bank of England amid the consequences of Brexit. If […]
The Bank of England hiked rates for the first time in over ten years, and the GBP/USD put in an aggressive sell-off down to a huge zone of support. Non-Farm Payrolls is on the docket for tomorrow.
As of 13:02 BST, the FTSE 100 had added 55.15 points to stand 0.74 percent higher at 7,543.11. The Footsie has jumped after the BoE announced …
US stocks traded mixed on Wednesday as gains in Oil & Gas, Basic Materials, and Financials were offset by losses in Utilities, Telecoms, and Industrials. The Dow Jones rose by 0.25%, the S&P 500 by 0.16%, and the NASDAQ lost 0.17% from its value. The US dollar traded higher against the other major currencies as optimism rose ahead of possible Fed announcement on fiscal and monetary policy following the release of strong economic data. However, the ISM […]
Three months ago, Starbucks stock gapped lower following earnings, making today’s report important for the holiday season.
Five policymakers changed their view from the last interest rate meeting and voted to raise rates.
The export-heavy FTSE 100 was up 0.6%. Some of the FTSE 100 companies who generate the greatest share of revenues overseas climbed after the …
We challenged some 10-year-olds to explain a financial system that baffles many adults…
European equity markets are a mixed bag this morning, and the FTSE 100 is a touch higher as traders await the Bank of England (BoE) interest rate …