The U.S. dollar climbed to three-month highs Wednesday after Federal Reserve Chair Jerome Powell guided towards a higher terminal rate than previously expected on the first day of his testimony before the U.S. Congress. At 03:10 ET (08:10 GMT), the US Dollar Index, which tracks the […]
Sterling edged lower on Monday at the start of a data-heavy week in which investors will scan inflation prints from the UK and the U.S. to make bets on the pace of further interest rate hikes. UK inflation likely eased further in January to 10.2% […]
In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD’s upside could re target the 1.2270 area in the short term. Key Quotes 24-hour view: “We highlighted last Friday that ‘there is room for the weakness in GBP to extend […]
The British arm of German discounter Lidl said it expected more shoppers to switch to its stores from traditional supermarket groups in 2023 after its sales rose 24.5% in the four weeks to Dec. 25 compared to the previous year. The rise reflected new store […]
In light of the recent price action, GBPUSD could now attempt some consolidation in the short term, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Key Quotes 24-hour view: “We highlighted yesterday that GBP ‘is unlikely to strengthen further’ and we […]
LONDON (Reuters) -The British arm of German discount supermarket Lidl on Thursday said more shoppers were switching to it from traditional grocers during the cost-of-living crunch as it reported a rise in full-year profit. Britons are struggling with rising living costs that show […]
The U.S. dollar surged in early European trade Thursday after the Federal Reserve signaled it will raise interest rates higher than expected, while sterling retreated ahead of the Bank of England policy meeting. At 03:55 ET (07:55 GMT), the Dollar Index, which tracks the greenback against a basket of […]
Despite the enormous challenges facing the Ukrainian berry sector during the war, production and exports have managed to continue, but longer term uncertainty remains Life has been transformed for much of Ukraine since Russia’s invasion in February, with millions fleeing for the safety of neighbouring […]
How far should sterling now rally? Economists at ING believe that the GBP/USD pair is unlikely to trade above the 1.15 level. Do not chase sterling higher “While there may be some more fiscal positives to come were the Conservatives to look at a windfall tax on […]
Dark days for South African berry export industry as ongoing port strike stops exports South African Berry association Berries ZA has aid that even if the current port strike is resolved tomorrow, the resulting backlog would take weeks to clear up. So far, transport authority […]