Posts published in October 2017

Pound Jumps on Rumors About Brexit Deal

The Great Britain pound jumped, erasing previous losses, today after the unconfirmed report that Britain may be offered by the European Union a two-year transition deal that will make it…

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Euro Weak amid ECB Uncertainty

The euro fell against its most-traded rivals today, reversing gains versus the Great Britain pound that were registered earlier during the current trading session. The exception was the Swiss franc,…

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GBP/USD Posts Massive Losses on Brexit Headlines

The GBP/USD currency pair today posted massive losses on renewed Brexit worries after comments from the EU’s chief negotiator, Michel Barnier. The possibility of a hard Brexit was further confirmed by comments…

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Japanese Yen Gets Boost from Economic Data

The Japanese yen gained against its major rivals today, boosted by mostly favorable domestic reports and geopolitical tensions around the world. Bank lending increased by 3.0% in September from a year ago,…

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Australian Dollar Extends Rally Caused by FOMC Minutes

The Australian dollar started a rally yesterday after the release of the Federal Reserve policy minutes and extended it into the Thursday’s trading session, though the currency has backed off a bit as of as now. Positive…

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