Market News

U.S. Markets See Biggest Daily Drop Since October; GBP/USD Touches 2.5-Year High; U.S. Dollar Strengthens.

The pound sterling moved higher against the US dollar as Forex traders await news from the Federal Reserve Chairman.

The Australian Bureau of Statistics recently reported that its Consumer Price Index stood at 0.9% in the fourth quarter (quarter-on-quarter), below Q3's 1.6% but higher than expectations of 0.7%.

Markets Quiet & Aimless Before Fed; GBP/USD Touches 2.5-Year High.

The pound sterling struck a one-week low versus the US dollar and remained near to a one-week trough against the euro.

Senate Pushes Back on Stimulus Plan; Stocks, Risky Assets Lower; Yen, Greenback Stronger.

The pound sterling gained ground against its peers during London trade on Monday, supported by the government's continued efforts to combat the coronavirus.

US lawmakers from both sides of the political spectrum are currently discussing President Biden's $1.9 trillion stimulus plan.

Biden Appointee “Can’t Wait” for Stimulus; Stocks, Risky Assets Higher; Greenback Weaker; China Beats US on FDI.

Though higher currently, largely a factor of unexpectedly upbeat data, the US Dollar is likely to continue to come under pressure

The ECB had better get some good answers to the hard questions surrounding the coronavirus pandemic and vaccination program.

In London trading, the British pound struck a 2½ year peak versus the US dollar, as well as an 8-month peak against the euro.

Major U.S. Stock Indices Hit Record Highs; President Biden Signs First Executive Orders; Bank of Japan and Canada Hold Steady; Greenback Weaker.

Yellen the Magnificent: Treasury Nominee Ready for Control

News that UK inflation picked up slightly in December helped to push the pound higher against both of its key rivals, the US dollar and the euro.