The record high of about USD 2,130 an ounce was set just after the weekend in low-liquid Asian markets. By the nature of the movement, it looked more like a cascading triggering of sellers’ stop losses, rather than finding a stable balance between supply and demand, since after the candle with a long upper tail, […]
Investors scale back BoE rate cut bets after CPI data But disappointing retail sales revive some recession fears Pound traders may now turn attention the UK flash PMIs The data comes out on Wednesday at 09:30 GMT Hotter-than-expected inflation, but disappointing retail sales After the hotter than expected UK CPI data for December, investors scaled […]
The post UK PMIs to Reveal How the British Economy Entered the New Year appeared first on Action Forex.
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