The US Dollar has still shown a significant improvement in its price, although it has declined in the past two weeks and the US existing Home sales fell due to high mortgage rates. However, the crude oil jumped to $54 and has now made its way to its highest peak in the past 17 months all the while the Asian stock markets remained calm. The Wall Street stocks likewise dropped with the rise in US Dollar prices.
Pound Bulls Encouraged by Signs of Post-Brexit Economic Optimism
Pound bulls are getting solace as evidence mounts that the resilience of the British economy since the June Brexit vote may be sustained.
Pound Plunge After Brexit Fires Up U.K. as a Gas Exporter
The U.K. is exporting the most natural gas to Belgium since June 2013 after an outage at its biggest storage site reduced demand and a weaker pound made the fuel more attractive to buyers in mainland Europe.
Pound Tumbles to 31-Year Low as Selloff Resumes Before Carney Speaks
The pound fell to its lowest level in three decades against the dollar, exceeding levels reached in the aftermath of Britain’s vote to leave the European Union.
GBP/USD: Sterling Jumps as Sell-off Eases
Bears retreated on Tuesday and took some profits from the recent slump, which drove the GBP/USD higher.
Source: WBP Online