UK PM Johnson planning to postpone June 21 lockdown lift – The Sun
British Prime Minister Boris Johnson is planning to delay the lockdown lift to July 19, which was originally scheduled to take place on June 21, to July 19 amid rising cases of the coronavirus Delta variant, The Sun reported on Friday. According to the news outlet, the UK will have a two-week review and could drop restrictions on July 5 if hospitalizations remain low. Read more...
GBP/USD Weekly Forecast: Sterling's time to shine? UK data, Fed may put fuel to fire
Volatile, but no breakout – between Brexit's comeback and the lack of a taper tantrum, cable has stuck to the range. The focus is mainly on the Fed's decision and any hints of tightening. Britain's reopening decision and top-tier data such as Britain's jobs report are set to provide action as well. Read more...
End of week round up: GBP looks interesting going into next week
The USD has rallied and is now at a critical level but may struggle to turn before the close. GBP weakness looks interesting going into next week with EURGBP support located at 0.8542 and 0.8520. Read more...
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EUR/USD stays near 1.0400 in thin holiday trading
EUR/USD trades with mild losses near 1.0400 on Tuesday. The expectation that the US Federal Reserve will deliver fewer rate cuts in 2025 provides some support for the US Dollar. Trading volumes are likely to remain low heading into the Christmas break.
GBP/USD struggles to find direction, holds steady near 1.2550
GBP/USD consolidates in a range at around 1.2550 on Tuesday after closing in negative territory on Monday. The US Dollar preserves its strength and makes it difficult for the pair to gain traction as trading conditions thin out on Christmas Eve.
Gold holds above $2,600, bulls non-committed on hawkish Fed outlook
Gold trades in a narrow channel above $2,600 on Tuesday, albeit lacking strong follow-through buying. Geopolitical tensions and trade war fears lend support to the safe-haven XAU/USD, while the Fed’s hawkish shift acts as a tailwind for the USD and caps the precious metal.
IRS says crypto staking should be taxed in response to lawsuit
In a filing on Monday, the US International Revenue Service stated that the rewards gotten from staking cryptocurrencies should be taxed, responding to a lawsuit from couple Joshua and Jessica Jarrett.
2025 outlook: What is next for developed economies and currencies?
As the door closes in 2024, and while the year feels like it has passed in the blink of an eye, a lot has happened. If I had to summarise it all in four words, it would be: ‘a year of surprises’.
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