Fx Primus Rebates

Pound Little Changed After U.K. Services PMI

Following the release of U.K. services PMI for November at 4:30 am ET Wednesday, the pound changed little against its major rivals. The pound was trading at 1.2735 against the greenback, 143.86 against the yen, 1.2716 against the franc and 0.8904 against the euro around 4:34 am ET. The material has been provided by InstaForex…

Fx Primus Rebates

Pound Advances Ahead Of U.K. Services PMI

At 4:30 am ET Wednesday, U.K. services PMI for November is due. Ahead of the data, the pound climbed against its major rivals. The pound was worth 1.2727 against the greenback, 143.79 against the yen, 1.2710 against the franc and 0.8908 against the euro at 4:25 am ET. The material has been provided by InstaForex…

Fx Primus Rebates

Pound Rises Against Majors

Reversing direction, the pound advanced against its major counterparts in the European session on Wednesday. The pound climbed to 2-day highs of 1.2762 against the franc and 0.8875 against the euro, from its early lows of 1.2669 and 0.8932, respectively. Against the yen and the greenback, the pound rose to 144.54 and 1.2798, off its…

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Carney Defends Bank Of England's Brexit Analysis

Bank of England Governor Mark Carney on Tuesday defended the central bank’s analysis that a no-deal Brexit would cause a severe recession in the UK, the kind not even seen during the global financial crisis a decade ago. The central bank and Carney faced lot of criticism with several pro-Brexit lawmakers accusing them of fear-mongering.…

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Canadian Dollar Slides On Risk Aversion

The Canadian dollar fell against its major counterparts in the European session on Wednesday, as trade and growth worries sapped investor appetite for riskier assets. There is skepticism and confusion about the truce between the U.S. and China on trade after China promised action but gave no details on the tentative truce. The bond market…

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Eurozone Retail Sales Rebound In October

Eurozone retail sales grew in October after decreasing in the previous month, preliminary data from Eurostat showed on Wednesday. Retail sales grew 0.3 percent from September, when they fell 0.5 percent, after the stagnation reported earlier was revised. Economists had forecast a 0.2 percent increase for October. Sales of automotive fuel increased 1.0 percent, and…