Category: forex news

Pound Falls After BoE Carney Warns Of Serious Consequences From No Deal Brexit

username July 17, 2018 No Comments forex news

The pound dropped against its major counterparts in the European session on Tuesday, trimming its early gains, after the Bank of England Governor Mark Carney warned of major economic consequences to the U.K., if a no-deal Brexit scenario arises. “Speaking very narrowly about the financial services side, in the event of a no-deal scenario… there […]

Poland’s Avg Gross Wages Rise More Than Forecast

username July 17, 2018 No Comments forex news

Poland’s average gross wages increased more than expected in June, figures from Statistics Poland showed Tuesday. Average gross wages increased 7.5 percent year-over-year in June, faster than the 7.0 percent rise economists had forecast. On a monthly basis, average wages advanced 3.2 percent compared to the expected increase of 2.5 percent. Excluding payments from profits, […]

Gold Rises On Dollar Weakness Ahead Of Powell’s Testimony

username July 17, 2018 No Comments forex news

Gold prices rose slightly on Tuesday and the dollar treaded water as investors awaited Federal Reserve Chairman Jerome Powell’s first congressional testimony for possible clues on the outlook for U.S. interest rate rises. Spot gold was up 0.33 percent at $1,242.12 an ounce while U.S. gold futures for August delivery were up 0.17 percent at […]

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