A big move has been seen in the pound, with the EUR/GBP pair eroding the 2016-2021 uptrend at 0.8591. A second daily close below this level would open the path towards the 0.8465 May 2019 low, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, briefs. Key […]
GBP/USD has been on the rise amid dollar weakness and Britain’s vaccination campaign. In the view of FXStreet’s Analyst, sterling braces for the rally’s side effects, a downside correction. Key quotes “Work on the next US stimulus bill – the main dollar driver – is currently […]
Mediterranean Shipping Company (MSC) has emphasised how its experience in transporting perishable cargo, combined with advanced reefer technology, is helping to move blueberries grown in South Africa to key export markets. The group highlighted how South Africa had a record-breaking blueberry season in 2020, exporting […]
December was the busiest month ever for British supermarkets as tightening COVID-19 restrictions and the closure of restaurants, bars and cafés meant shoppers spent 11.7 billion pounds ($15.9 billion) on groceries, industry data showed on Tuesday. Market researcher Kantar said take-home grocery sales rose 11.4% year-on-year over […]
LONDON (Reuters) – November was the best month ever for UK grocery market sales, with 10.9 billion pounds ($14.6 billion) spent, as out of home eating and drinking was restricted by England’s second national lockdown, industry data showed on Tuesday. Market researcher Kantar said grocery sales […]
EUR/USD Current Price: 1.2127 German economic sentiment is expected to have contracted in December to -66. The American currency is still the weakest across the FX board despite a modest recovery. EUR/USD is bouncing from near 1.2100, in line with bulls’ dominance. Major pairs are […]
LONDON (Reuters) – British Prime Minister Boris Johnson said on Tuesday that Brexit talks were “very tricky” and that at some point London would have to decide if it was going for a no-trade deal exit. “The situation at the moment is very tricky,” Johnson […]
Free Trade Agreement welcomed by likes of Blue Skies, with Britain importing £160m of fresh produce from Egypt in 2019 The UK has signed a trade deal with Egypt to strengthen political and trade ties between the two nations after the Brexit transition period. The deal […]
EUR/GBP weakness has accelerated sharply for a clear break of the 0.8966/46 uptrend from late April, as well as importantly the 200-day average at 0.8926 on a closing basis. Critical now is the 0.8866/64 key price pivot, below which the pair should, at last, confirm […]
United Exports defends its reputation in South Africa, as Ross Berries denies licensing breach over OZblu varieties Australian group United Exports has embarked on a major PR campaign in support of its reputation in southern Africa, amid an ongoing legal dispute with South African producer […]