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The data negatively affects sentiment in the pound

         The latest economic data from the United Kingdom were disappointing in general, and resulted in the pound slipping to a new 10-month low against the US dollar. In a recent survey of economists, they had predicted that the consumer price index and the base consumer price index for June …

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The Oil to the Low before Surprising Data

                  Oil prices fell still on Wednesday after a surprising report that showed US crude inventories rose last week, despite analysts' expectations of a significant decline in reserves. According to data from the American Petroleum Institute (API) on Tuesday, the United States injected more than 600,000 barrels into the …

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The pound still weighs on the harsh fears of Brexit

                  The growing division within the UK Prime Minister's own party became apparent after a parliamentary vote yesterday did little to advance the agenda related to Theresa May's Brexit. That earlier pushed the pound sterling to a minimum of 8 months against the US dollar. Analysts say the Prime …

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Libra cautiously higher ahead of parliament

         The Pound was higher compared to the US dollar and the common currency of the euro, although the forex traders seem cautious and intend to focus on the impending parliamentary debate. What is at stake is whether the amendments that the Prime Minister intends to push will be approved; …

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Economic and Political Weekly Calendar

                  This week we have a slightly more loaded news agenda than last week, with events from the Reserve Bank of Australia, in addition to the testimony of the US Federal Reserve and the Bank of England. We also have publications of important economic data mainly related to the …

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The Dollar to the Hike after the Inflation Data

                  The dollar remained close to the 10-day high recently reached after the latest US inflation data has shown an increase. In fact, the US Department of Labor Statistics reported that, on an annualized basis, the core CPI rose to 2.3% in June, matching analysts' forecasts and exceeding the …

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The Pound rises in the last plan Brexit

         The pound rose on Thursday, as currency investors are pinning their collective hopes on the launch of a "white paper" that could perhaps boost trade negotiations between the British government and the EU leadership. The Prime Minister is expected to disclose this plan sometime today and it is said …

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The Dollar Near 6 Month Highs

                  The dollar rose against the yen on Thursday, staying close to 6-month highs after the new economic data reaffirmed expectations of two further rate hikes before the end of the year. Wednesday's reports showed that producer prices in the United States exceeded expectations for June, registering the largest …

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Libra pressed ahead of BoE's speech

         Cautious traders kept sterling under pressure ahead of Mark Carney, the head of the Bank of England. The recent resignation of two members of the Prime Minister's cabinet, specifically David Davis and Boris Johnson, who could pose a challenge to Theresa May for the leadership position also weighs on …

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Waiting for the Trade War

                  On Tuesday, the president of the United States, Trump, announced that he was going to begin the process of implementing tariffs on another $ 200 billion of Chinese products, and China responded quickly and harshly. On Wednesday, Beijing accused the United States of harassment and threatened to retaliate, …

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