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GBP/USD: Chance of retesting the 1.3535 level – UOB Group
Pound Sterling (GBP) could retest the 1.3535 level against US Dollar (USD); the major support at 1.3510 is unlikely to come under threat. In the longer run, the likelihood of GBP dropping to 1.3510 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Jul 11
Sterling slips as weak growth data fuels rate cut expectations
By Johann M Cherian July 11 (Reuters) - Sterling slipped on Friday and was trading close to a more than two-week low after data showed the UK economy contracted for the second month, boosting expectations that the Bank of England could lower borrowing costs next month.Gross domestic product shran...Reuters
Fri, Jul 11
USD/CHF retreats from 0.7980 with investors wary about higher tariffs
The US Dollar is trimming gains against the safe-haven Swiss Franc on Friday, as the increasing uncertainty about global trade and investors' concerns about the impact of higher tariffs in the US economy have crushed risk appetite.The Greenbacks rebound from Thursday’s lows at 0.7920 have been cappe
Fxstreet
Fri, Jul 11
MTY Food Group Q2 net income surges on foreign exchange gains
OverviewMTY Food fiscal Q2 revenue largely in line with analyst expectations, per LSEG dataAdjusted EPS for Q2 missed analyst expectations, per LSEG dataNet income surged due to foreign exchange gainsCompany repurchased 297,000 shares for C$12.6 millionOutlookMTY expects stability in 2025 normalized...Reuters
Fri, Jul 11
UK economy shrinks again in May, raising new worries over outlook
UK GDP falls 0.1% in May, after 0.3% decline in AprilDrops in industry and construction cancel out services growthData adds to difficulties for UK growth-seeking governmentFinance minister Reeves says data "disappointing"By Andy Bruce and William Schomberg July 11 (Reuters) - Britain'...Reuters
Fri, Jul 11
EMERGING MARKETS-FX set for first weekly loss in six as Trump tariffs dominate
Trump puts 35% tariff on Canada, EU tariff rate awaitedRomanian inflation rises above expectations in JuneSouth Africa's rand set for biggest weekly loss since MarchMSCI EM FX flat, stocks off 0.1%By Ragini Mathur and Purvi Agarwal July 11 (Reuters) - Most emerging market currencies inched lo...Reuters
Fri, Jul 11
CEE MARKETS-Currencies drift as investors eye US tariffs
WARSAW, July 11 (Reuters) - Central European currencies held largely steady on Friday as investors as they assessed more U.S. trade tariffs and awaited developments regarding potential levies on the European Union.The U.S. dollar rose on Friday, fuelled by upheavals on the global trade landscape, as...Reuters
Fri, Jul 11
ECB should ease monetary policy if disinflationary trends intensify, Panetta says
MILAN, July 11 (Reuters) - The European Central Bank should continue to loosen its monetary policy if threats to economic growth from international trade tensions and geopolitical instability strengthen the current disinflationary trends, a policymaker said on Friday.ECB governing council member Fab...Reuters
Fri, Jul 11
US-Canada Tariff Dispute Intensifies as Trump Announces 35% Tariff; Canadian Dollar Falls
TradingKey - Following the introduction of a comprehensive 50% tariff on Brazilian imports, President Donald Trump has further heightened trade tensions by declaring on his social media platform, Truth Social, that a 35% tariff will be imposed on Canadian imports starting August 1. This move is percTradingKey
Fri, Jul 11
ECB should ease monetary policy if disinflationary trends intensify, Panetta says
MILAN, July 11 (Reuters) - The European Central Bank should continue to loosen its monetary policy if threats to economic growth from international trade tensions and geopolitical instability strengthen the current disinflationary trends, a policymaker said on Friday.ECB governing council member Fab...Reuters
Fri, Jul 11
FOREX-Dollar rises after Trump unveils new tariffs; bitcoin at record
Canada hit with 35% tariff, others face blanket 15% to 20%Canadian dollar slides, euro under pressureSterling slips after UK economy shrinks in MayBitcoin scales fresh record highBy Rae Wee and Johann M Cherian SINGAPORE, July 11 (Reuters) - The U.S. dollar rose on Friday, fuelled by upheavals on...Reuters
Fri, Jul 11
In big shift, Shanghai regulator mulls policy responses to stablecoins and cryptocurrencies
China urged by companies, experts to consider yuan-based stablecoinsMainland China has banned cryptocurrency trading since 2021Many companies worldwide looking into releasing stablecoinsBy Summer Zhen HONG KONG, July 11 (Reuters) - A Shanghai regulator said it held a meeting this week for local g...Reuters
Fri, Jul 11
ECB's Schnabel sets bar 'very high' for rate cut as economy holds up
FRANKFURT, July 11 (Reuters) - The hurdle for another interest rate cut by the European Central Bank is "very high" as the euro zone economy is holding up better than expected despite uncertainty over trade, ECB board member Isabel Schnabel said in an interview published on Friday. Having...Reuters
Fri, Jul 11
Silver Price Forecast: XAG/USD breaches the long-term high at $37.30, supported by risk aversion
Silver (XAG/USD) extends gains for the second consecutive day on Friday, supported by a mild risk-averse sentiment, after Trump announced a new batch of levies and hiked baseline tariffs to all other countries to 15% or 20% from the initial 10%.
Fxstreet
Fri, Jul 11
