Market News

The Pound Sterling is poised to see its largest single month's gains in more than 10 years, which analysts are attributing to the drastically reduced risk of a crash

The U.S. dollar fell against its major trading partners on Wednesday afternoon and continued its slide into Thursday’s Asian trading session

The United Kingdom Prime Minister Boris Johnson said that the upcoming general election, which is set to happen on December 12, will be "tough" and that he and his party is going to do the best they can.

The Pound Sterling remains under pressure as FX traders ponder the election risks presented now that the Prime Minister has approval for a December general election.

It’s a big data day on the global economic stage, and at least for this market pundit, it’s nice to have something to focus on besides the childish squabbling between the United States and China.

According to data published by the INSEE national statistics office, France's consumer confidence hit a 20-month peak last month, and stayed the same in October, the highest figure since January 2018.

The Pound Sterling earlier struck a 10-day trough as FX traders wait to see if the British Prime Minister is finally able to get the support he needs to push through a bill forcing a general election in early December.

U.S. President Donald Trump commented on Monday that he expects a part of the U.S.-China trade deal to come ahead of schedule,

The European Union is preparing to offer the United Kingdom a three-month extension, until January 31, 2020 with the option of leaving earlier if an acceptable Brexit deal is reached within that period of time.

Two key pieces of uncertainty are keeping Pound Sterling traders sitting on the sidelines as they wait the outcome.

Asian shares were higher in the mid-afternoon on Monday, hitting three-month highs on optimism that the United States and China are close to solidifying a “phase one” trade deal.

This week will see a lot of major central bank input, which is due from the U.S. Federal Reserve, the Bank of Japan, and the Bank of Canada.

The Pound Sterling drifted lower against the US Dollar in early Asian trade after Boris Johnson called for a December 12th election in an attempt to break the Brexit deadlock.

The Pound slipped against the greenback in London trade while FX traders await the EU's decision regarding a possible Brexit extension.

According to the Bank Of Japan, credit costs are low but they recently began to rise, signaling an increase of financial fragility.