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The pound lost almost 3.5%
FOREX The pound lost almost 3.5% versus the US dollar last week, as the markets priced-in the increasing likelihood of there being no trade deal with the EU in place at the end of the current post-Brexit transition period, following the UK’s government apparent intention to break the terms of the withdrawal agreement. Nevertheless,[…]
The ECB held its rates
GOLD Gold has seen its quick rally of yesterday morning making a sharp stop in the hours following the ECB decision to keep rates unchanged. The spot price is now consolidating at $1,940/1,945, while we have a first support zone placed at $1,920 and a psychological threshold at $2,000. Technically we remain in the massive[…]
Europe is the focus of investors
GOLD Europe is the focus of investors’ attention today with the ECB meeting – where no interest movements are expected – and the press conference which will follow it. From there, investors will try to get any signal on the ECB’s next monetary policy and if the bank will try to mitigate against the[…]