FlowBank

1140 days ago

Pound reaches highest vs. euro since April last year in post-Brexit rally

Belief in post-Brexit UK + BOE stepping back from NIRP + EU vaccine fowl up = EUR/GBP at 10 month lows

#Forex
Pound reaches highest vs. euro since April last year in post-Brexit rally

1141 days ago

USD/TRY extends below 7.00 after central bank leaves Turkish interest rates at 17%

Not a bad yield... traders are buying lira on this news

#Forex
USD/TRY extends below 7.00 after central bank leaves Turkish interest rates at 17%

1142 days ago

BTC vs. Gold vs. Dollar: which performed better?

Looking at the tables below, it is clear that Bitcoin has offered the best return over time, although it might be victim of important price decrease over shorter periods of time. But in the long run, it beats gold and dollar. 

#Forex #Commodities
BTC vs. Gold vs. Dollar: which performed better?

1143 days ago

South African rand performs

The South African currency has gained 5% against the dollar this month, the most out of more than 140 currencies tracked by Bloomberg. It’s riding the wave of a global risk-on trade spurred on by a weaker dollar, prospects of U.S. stimulus and the global hunt for yield. Vaccine rollouts across the world have also helped to improve the outlook for the global economy, boosting the prices of metals and other commodities. Source: WSJ

#Forex

1147 days ago

UK economy lags peers in Q4 but GBP/USD breaking out says brighter UK outlook

The UK economy was the laggard in the G7 again in Q4, with GDP still 7.8% below its Q4 2019 peak, worse than the US (2.5%), Germany (3.9%), France (5.0%) and Italy (6.6%). No Q4 data for Canada or Japan yet, but they both already were faring much better than the UK in Q3.

#Forex #Macro
UK economy lags peers in Q4 but GBP/USD breaking out says brighter UK outlook
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