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GBP suffers losses as May postpones Brexit vote; USD capitalizes on these losses

British pound suffers a severe setback after Theresa May decided to postpone the vote on the Brexit Deal on Monday. The vote was set for today. This postponement opened the door for more uncertainty as it is understood that the Read More →

U.S. Factory Orders Show Steep Drop In October

A report released by the Commerce Department on Thursday showed a steep drop in new orders for U.S. manufactured goods in the month of October. The Commerce Department said factory orders tumbled by 2.1 percent in October after rising by Read More →

Dollar slips as NFP data simmers rate hike expectations

The dollar slipped almost half a percent versusthe euro and the yen on Monday after soft U.S. jobs data simmered expectations that the Federal Reserve will continue with its path of raising interest rates after a highly likely move next Read More →

UK Construction Sector Expands Most In 4 Months

British construction sector expanded at the fastest pace in four months in November, thanks to an increase in new work and consequent gains in job creation, though Brexit concerns damped expectations for the months ahead. The CIPS construction Purchasing Managers' Read More →

Carney Defends Bank Of England’s Brexit Analysis

Bank of England Governor Mark Carney on Tuesday defended the central bank's analysis that a no-deal Brexit would cause a severe recession in the UK, the kind not even seen during the global financial crisis a decade ago. Responding to Read More →

Cryptocurrency Daily Roundup – Dec.4

A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.Original Article Read More →

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