Pound to Snap 3-Week Win Streak on Growing Bets BoE to Cut Rates

© Reuters. By Yasin Ebrahim Investing.com – The pound looked set to snap a three-week winning streak on Friday, as data showed traders were beginning to unwind some of their bullish bets on growing expectations that the Bank of England may soon cut rates into negative territory to support the recovery. fell 0.04% to $ […]

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Gold Halts 3-Week Rally Amid Stimulus Rollercoaster

© Reuters. By Barani Krishnan Investing.com – Gold prices rose on Thursday but still finished with a weekly loss, after the twist to a U.S. coronavirus stimulus package and the dollar’s unexpected gains in recent days prevented the yellow metal from extending a three-week rally. on New York’s Comex settled up $ 5.10, or 0.3%, […]

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Pound’s 3-Week Winning Streak at Risk as Negative Rate Talks Heat Up

© Reuters. By Yasin Ebrahim Investing.com – The pound tumbled for a second-straight day Thursday, threatening to snap a three-week win on rising expectations the Bank of England could cut rates below zero to support the U.K. economy. fell 0.54% to $ 1.3279, to remain close to session lows of $ 1.3243. In the run-up […]

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