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Fri 21 Feb 2020 08:38GMT

China News

Latest 10 news items tagged China

‘Aussie’ Plummets as Markets Price in RBA Rate Cut Published: 20 Feb at 4 PM 2020
<h2>Pound Sterling (GBP) Stumbles despite Upbeat UK Consumer Spending</h2> The Pound (GBP) suffered losses during today’s session despite the release of better-than-expected retail sales data. Data showed British consumers began spending again at the start of the year after a disappointing last few months of 2019. The upbeat figures added to signs that the economy has rebounded following December’s general election which saw Boris Johnson secure a large majority. However, looking to Friday’s session, Sterling...
The Pound (GBP) Rises on Record Breaking UK Unemployment Rate Published: 18 Feb at 5 PM 2020
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) has performed strongly today following the release of the UK ILO Unemployment Rate report, which confirmed consensus and remained at a record low of 3.8%. However, December’s worse-than-expected UK average earnings report left some Sterling traders feeling anxious, as this could signal a weakening economy towards the end of last year. Post-Brexit developments have also remained in focus today after David Frost, the UK’s Chief Brexit negotiator, insisted that he would be...
‘Kiwi’ and ‘Aussie’ Rise as Covid-19 Infection Rate Appears to Slow Published: 17 Feb at 4 PM 2020
<h2>Pound Sterling (GBP) Slides as UK and EU Will ‘Rip Each Other Apart’</h2> On Monday, Prime Minister Boris Johnson’s spokesman said that the UK does not need any special arrangements in its future relationship with the EU. The spokesman also added that the UK wanted a relationship based on friendly cooperation and that it is ready to begin trade negotiations. However, this did little to support Sterling at the end of the week. The Pound remained under pressure after France’s Foreign Minister, Jean-Yves Le...
‘Kiwi’ Jumps as RBNZ Signals Interest Rate Hike Published: 12 Feb at 5 PM 2020
<h2>Pound Sterling (GBP) Mixed After Upbeat Q4 UK Growth</h2> Sterling (GBP) exchange rates were mixed, although yesterday’s upbeat GDP growth data revealed that while quarter-on-quarter growth stagnated, annual growth was better than forecast. This provided GBP with a slight boost as it reassured investors that the Bank of England (BoE) was unlikely to cut interest rates any time soon. BoE policymakers left rates unchanged last month and signalled they were looking to see if growth picked up after December’s...
Mediocre British Growth Leaves Sterling (GBP) Flat Published: 11 Feb at 1 PM 2020
<h2>Weak Economic Growth Leaves Pound Sterling (GBP) Under Pressure</h2> Sterling (GBP) remained under pressure today after Q4 2019 growth data showed the economy stagnated as the country wrestled with an ongoing Brexit deadlock. Data also showed that over the course of the year, the economy grew by 1.4%, up from 1.3% growth in 2018. However, the mediocre growth weighed on the currency, leaving it flat. Looking ahead, due to a lack of economic data over the course of the week, GBP will likely react to any news about...
US Dollar (USD) Flat Ahead of Fed Decision Published: 29 Jan at 11 AM 2020
<h2>Pound Sterling (GBP) Flat Ahead of BoE Meeting</h2> Sterling (GBP) remained a handful of currencies on Wednesday as Thursday’s Bank of England (BoE) monetary policy meeting crept closer. The Pound remained flat as investors continued to be cautious about the outcome of the meeting, with many expecting the bank to slash interest rates for the first time since 2016. However, as the chance of the rate cut is still around 50:50, if the bank does cut rates tomorrow, it could cause Pound Sterling (GBP) exchange rates...
Pound (GBP) Sinks on Double Threat of Brexit and BoE Rate Cut Published: 28 Jan at 4 PM 2020
Pound Sterling (GBP) The Pound (GBP) struggled against many of its peers today as the double-threat of both Brexit and an interest rate cut from the Bank of England (BoE) on Thursday have weighed on market appetite for Sterling. The UK is due to officially leave the European Union on Friday, January 31, which has left many investors concerned that the UK could face a no-deal with the EU later on this year due to a short ‘transition period’ scheduled by the British Government. Today also saw the UK CBI retail sales report for...
Sterling Jumps Again as Markets Focus on Central Bank Speculations and Developments Published: 24 Jan at 2 PM 2020
Pound Sterling (GBP) Today’s UK PMI projections for January came in slightly stronger than expected, supporting bets that the Bank of England (BoE) would not cut UK interest rates next week. However, the data was not as strong as some investors hoped. As BoE uncertainty remains, the Pound slipped slightly today. The Pound’s movement may be limited for much of next week, as investors await the Bank of England’s January policy decision. The BoE decision will be held on Thursday. Euro (EUR) While not all Eurozone PMIs were...
Sterling Jumps Again as Markets Focus on Central Bank Speculations and Developments Published: 22 Jan at 1 PM 2020
Pound Sterling (GBP) Following the Pound’s rebound on stronger than expected UK job stats yesterday, the Pound continued to advance today. Bank of England (BoE) interest rate cut speculation continued to soften as the day’s UK data from the Confederation of British Industry (CBI) also beat forecasts. No notable UK data will be published tomorrow. Instead, the Pound’s movement may become steady as investors eagerly await Friday’s UK PMI projections from Markit. Euro (EUR) Anticipation for tomorrow’s European Central...
Sterling Continues to Tumble as Hard Brexit Remains Major Possibility in Market Outlook Published: 18 Dec at 4 PM 2019
Pound Sterling (GBP) Investors continued to sell the Pound today following Tuesday’s plummet. Markets remained anxious amid revived hard Brexit fears and expectations for a 2020 filled with ongoing Brexit uncertainty. UK retail sales will be published tomorrow, but Brexit and Bank of England (BoE) will be more influential. The Pound’s movement could be influenced if the BoE shifts stances on the UK economy due to political or Brexit developments. Euro (EUR) The Euro’s movement was fairly mixed today. While Germany’s Ifo...

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