Market News

The Pound Sterling eased away from a 6-week peak as FX traders exercise caution ahead of this week's EU summit.

The trade dispute between the United States and China showed no sign of resolving on Monday after U.S. President Donald Trump imposed 10 percent tariffs on nearly $200 billion of Chinese imports.

The Pound Sterling edged higher during London trade, finding support on news that there is now some advancement on the issue of the Irish border.

European markets were expected to open lower on Monday, pressured by speculation that U.S. President Donald Trump would move forward with new tariffs on Chinese goods as early as later today.

This week is likely to be relatively quiet, as there is very little data scheduled concerning the U.S. Dollar.

Disappointing inflation data from the United States briefly pushed the US Dollar broadly lower but the greenback was able to bounce back.

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The Pound Sterling continues to flirt with yesterday's highs as market players await the momentary release of the Bank of England's policy decision.

Oil prices slipped during Thursday’s Asian session, undoing some of the gains made during Wednesday’s New York trading session.

The Pound Sterling moved lower during trade on Wednesday on reports that the Prime Minister's seat is likely to be challenged.

The U.S.-Sino trade war continued to escalate this week, pushing markets lower and sending traders to safe-haven assets.

The Euro moved higher during Tuesday trade as investors exhaled a collective sigh of relief over an improvement in Italy's borrowing costs.

Sterling bulls were encouraged by news that the top negotiator in the EU commented on Monday

The Pound Sterling moved higher against the US Dollar after recording the largest weekly fall during the month of September.

Though lower currently, last Friday's unexpectedly upbeat labor data had earlier helped to push momentum into positive territory for the US Dollar.