Minimum Wage, U.K. GDP, Disney Delight and Bumble IPO – What’s up in Markets

© Reuters. By Geoffrey Smith  Investing.com — Disney earnings blow past expectations and dating site Bumble soars on its debut. The Democrats push ahead with their $ 15 minimum wage proposal, while the British economy shrinks the most in 300 years. Oil is finally responding to some OPEC caution on the demand outlook. Here’s what […]

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Pound Remans Above Lows Despite U.K. Declaring Brexit Talks ‘Over’

© Reuters. By Yasin Ebrahim Investing.com – The pound remained off session lows against the dollar Friday, shrugging over a further souring of trade talks between the U.K. and EU after Prime Minister Boris Johnson’s spokesman said talks were “over” unless there was a fundamental change from the economic bloc. rose 0.06% to $ 1.2920, […]

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Pound Sinks to Fresh 1-Month Low on U.K. Spending Plans

© Reuters. By Yasin Ebrahim Investing.com – The pound fell against the dollar to fresh one-month lows on Monday, amid concerns about the U.K.’s post-Brexit spending plans at a time when many are worried that the latest round of U.K-EU trade talks are unlikely to yield progress. fell 0.32%, to $ 1.2293 Prime Minister Boris […]

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Pound Under Pressure as U.K. Services Suffer Worst Month Ever

© Reuters. By Yasin Ebrahim  Investing.com – The pound continued its selloff against the dollar on Friday, as the U.K. services sector suffered its worst month on record, exacerbating fears about the strength of the economy at a time when business activity has ground to a halt following a nationwide lockdown last week. fell 1.15% […]

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Pound Set to Snap Losing Streak Vs. Dollar Despite Record Covid-19 U.K. Death Toll

© Reuters. By Yasin Ebrahim  Investing.com – The pound continued to rack up gains on Friday and remained on track to snap a two-week losing streak against the U.S. dollar, even as data showed the biggest rise in coronavirus deaths in the UK so far, threatening to keep economically-burdensome lockdown measures in place for a […]

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GBP/USD Off 35-Year Lows as U.K. Goes Into Lockdown to Curb Covid-19 Outbreak

© Reuters. By Yasin Ebrahim Invesing.com – The pound moved off 35-year lows on Friday, though remained under pressure, even as the U.K. government proposed more stimulus measures to combat the Covid-19 pandemic, and imposed further restrictions to limit contagion across the country. rose 1.69% to $ 1.1679 after falling to $ 1.1414, its lowest […]

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