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According to a report in Handelsblatt, a German economic paper, the EU will offer the UK to a two year transition period. That means the UK stays in the EU for an additional two years. Earlier in the day, the pound crashed as Barnier said that talks are in a deadlock. Cable fell all the [...]
The post Report: EU accepts pushing Brexit to 2021 – GBP jumps to resistance appeared first on Forex Crunch.
Headline CPI came out at 0.4% as expected, but y/y it is up 2.6%, better than predicted. More importantly, core PPI jumps 0.4% m/m and 2.2% y/y, both exceeding early estimations. In addition, jobless claims fall to 243K, better than expected. All in all, the positive figures are supporting the US dollar. The US was [...]
The post US PPI beats expectations – USD ticks up appeared first on Forex Crunch.
The bounce that the pound enjoyed was never meant to last. There was a temporary breather and now GBP/USD is plunging once again. Chief EU negotiator Barnier says that the negotiations about the UK’s exit from the EU have reached a deadlock over Britain’s divorce deal. While May’s Florence speech provided some momentum, the lack [...]
The post GBP/USD falls as Brexit talks hit a deadlock appeared first on Forex Crunch.
The US dollar had quite a few good weeks but seems to hesitate after the recent gains. Markets seem to be looking for a new direction. The recent sticks in the wheels of the dollar rally came from the Federal Reserve. Charles Evans of the Chicago Fed went back to his dovish self. Evans, which [...]
The post Will the CPI report send the dollar down? appeared first on Forex Crunch.