Liz Truss Defeats Rishi Sunak To Become New UK PM
Liz Truss Defeats Rishi Sunak To Become New UK PM Liz Truss will become the new UK prime minister on Tuesday after defeating Rishi Sunak in the Tory leadership contest today. The result was closer thank many people had expected, with Truss taking 57% of votes cast. The markets hardly reacted to the news, not
Read moreInflation rate of 8.8% expected in August 2022
Inflation rate of 8.8% expected in August 2022 The statistics released from 30th August turned out to be quite close to market expectations. The harmonized consumer price index in Germany, was 8.8% with the forecast of 8.8%. The consumer price index in the Eurozone amounted to 9.1% instead of expected 9.0%.The index of business activity
Read moreWhat’s next for AUD/USD
What’s next for AUD/USD RBA board meeting will take place next week and an increase in Cash rate is expected, How much ? It’s a question. RBA discussion in June brought a hawkish element to the RBA’s monetary policy, noting that the current level of the cash rate is well below the estimated neutral rate,
Read moreRBA to Raise the Cash Rate by 50 bps, AUD
RBA to Raise the Cash Rate by 50 bps, AUD Reserve Bank meeting is on 6th September. It is expected that the cash rate will be raised by 50 basis points to 2.35%. The best approach will be to strengthen the statement we saw last month, not on a pre set path and following Chair
Read moreEurozone Consumer Price Index (CPI) YoY
Eurozone Consumer Price Index (CPI) YoY The ECB is expected to raise the interest rate on their next meeting on 7th Sep. The discussion is that if the rates will be increased by 50bps or 75bps ? ECB members have been preparing the markets for what could be a potential 75bps hike, despite the possibility
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Latest Market Analysis
and Forex News
GBP/USD Remains Above 1.2600, Investors Anticipate Fed and BoE Speeches
EUR/USD Rises Below 1.0800 Ahead of FOMC Minutes Release
Cryptocurrency Move Back to Support the Pack to Level
Cash Back Return