The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
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Sterling remained not far from the recently struck 2-month peak against both the US Dollar and the Euro on investor uncertainty.
Asian markets were trading mixed on Thursday afternoon, with Japan’s Nikkei 225 and the Shenzhen Composite trading lower
While lower currently, the Pound Sterling remains close to a 2-month peak as FX traders await the a no-confidence vote against Theresa May and her government.
Global markets were on edge after British Prime Minister Theresa May’s Brexit deal was brutally shot down on Tuesday, in a vote of 432-202, the worst defeat in modern British history.
The common currency Euro moved lower during London trade on Tuesday after the latest economic report out of Germany underscored investors' fears of a widening slump within the Eurozone.
Global investors were trading cautiously in advance of the Brexit vote on Tuesday, as traders seemed to focus more on the vote than earnings reports, which usually take center stage.
The Pound Sterling remains close to a 7-week peak on hopes that the Prime Minister's last-ditch attempts to gain support for her Brexit proposal will be sufficiently successful to push through on tomorrow's vote
Weak data about China’s exports in December 2018 shook global stock markets on Monday and pointed to continuing weakness in the country’s economy in 2019.
This week will see some key activity, with central bank testimony from the ECB and the Bank of England, as well as important data releases primarily concerning the British Pound and the crucial Brexit vote, and G20 meetings at the end of the week on Thursday and Friday.
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The US Dollar lost momentum versus its major rivals during Asian trade today, after the Chairman of the Federal Reserve Bank reiterated that the central bank's policy would continue to be of a wait-and-see nature.
The Pound Sterling came under pressure against the greenback and Euro on speculation that the Prime Minister will face a challenge from the Labour Party in a general election vote.
The U.S. dollar was struggling on Thursday after the release of Federal Reserve minutes which showed that the U.S. central bank may pause its interest rate tightening agenda this year.
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Over 800,000 federal employees have been sidelined by the U.S. government (partial) shutdown that began on December 21 at midnight and has yet to be resolved.
Asian stock markets were broadly higher on Wednesday after Wall Street indexes hit three-week peaks on Tuesday