US consumers went shopping in January: retail sales rose by 0.4% against 0.1% predicted. The figure for January was upgraded to 1%. Core sales rose by 0.8% instead of 0.4% with an upwards revision of 0.4%. The US dollar is higher across the board, with EUR/USD hitting support at 1.0520 – a strong support level that [...]
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The UK was expected to report a small rise of 0.8K in jobless claims, the Claimant Count Change, for January. A surprisingly positive drop of 10.1K was seen in December (before revisions). The unemployment rate was predicted to remain unchanged at 4.8%. Wages were projected to continue advancing by 2.8% in December. Also wages excluding bonuses were [...]
The post UK wages slow down to 2.6% – GBP/USD falls appeared first on Forex Crunch.
The UK will soon trigger article 50 and trigger a 2-year countdown towards the exit doors from the EU. One option that is always on the cards is a transition deal. What does this mean? Here is their view, courtesy of eFXnews: Applying ‘game theory’ to the transition. Using game theory, we determine the conditions that make it rational [...]
The post GBP/USD: Towards 1.30 Or 1.10?: The Game Theory Of A UK-EU Transition Deal – BofA Merrill appeared first on Forex Crunch.
