The British pound continued to flex its financial muscle against the US dollar Thursday, ascending to a fresh peak of 1.3166 and adding 0.41%. Underpinned by a clear Tory lead on Labour, with latest polls maintaining the differential at 10 points, GBP/USD trades at approximately 2.00% on the week.
Global Markets: Asian Stock Markets : Nikkei up 0.71%, Shanghai Composite up 0.75%, Hang Seng up 0.36%, ASX up 1.16% Commodities : Gold at $1482.65 (+0.17%), Silver at $16.97 (+0.34%), Brent Oil at $62.88 (-0.19%), WTI Oil at $58.26 (-0.29%) Rates : US 10-year yield at 1.764, UK 10-year yield at 0.739, Germany 10-year yield … Continue reading Thursday 5th December: Markets return to their happy place on Trump’s mixed signals
An outperformer on the day, the British pound scored fresh monthly highs of 1.3120 against its US counterpart in recent movement. A blend of upbeat UK data and election polls favouring UK PM Johnson’s Conservatives provided support.
Global Markets: Asian Stock Markets : Nikkei down 1.05%, Shanghai Composite down 0.24%, Hang Seng down 1.21%, ASX down 1.58% Commodities : Gold at $1486.75 (+0.16%), Silver at $17.29 (+0.26%), Brent Oil at $61.32 (+0.82%), WTI Oil at $56.52 (+0.75%) Rates : US 10-year yield at 1.721, UK 10-year yield at 0.672, Germany 10-year yield … Continue reading Wednesday 4th December: Asian markets mixed as investors fear longer broader trade war
Cable traded firmer Tuesday amid hotter-than-expected UK Markit Construction PMI, and latest election polls displaying a widening lead in favour of Conservatives.
