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British Pound responds slightly positive to 0.1% decline in UK GDP in April
The British Pound (GBP) attracts slight bids against its major currency peers after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for April. The GBP/USD claws back a majority of its early losses and rebounds to near 1.3410.
Fxstreet
Fri, Jun 12
Economic Indicator
Equities: Risk rally on Iran de‑escalation hopes – Danske Bank
According to Danske Research Team, global equities rallied strongly as investors reacted to signs of a potential US‑Iran peace agreement that could reopen the Strait of Hormuz and curb nuclear ambitions.
Fxstreet
Fri, Jun 12
Economic Indicator
Euro steadies against British Pound following UK GDP, German HICP inflation data
EUR/GBP inches lower after two days of gains, trading around 0.8630 during the Asian hours on Friday. The currency cross remains subdued following the release of economic data from the United Kingdom (UK) and Germany.
Fxstreet
Fri, Jun 12
Forex
Canadian Dollar softens on strong US PPI data, US-Iran peace deal uncertainty
The USD/CAD pair gains traction to near 1.3980 during the early European trading hours on Friday, bolstered by hot US inflation data. Traders will closely monitor the developments surrounding the US-Iran peace deal.
Fxstreet
Fri, Jun 12
Forex
British Pound: Bullish bias within higher band against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that GBP/USD’s surge to 1.3434 has stretched short-term conditions, but further gains toward a retest of 1.3435 remain possible, with 1.3465 unlikely to break.Fxstreet
Fri, Jun 12
Stocks
Crypto Daily | Strategy Founder: Never said the company couldn't sell Bitcoin
Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsStrategy Founder: Never said the company couldn't sell Bitcoin, of course, we will sell if necessaryStrategy founder Michael Saylor, speaking at the $BTC Prague eve...Tiger News
Fri, Jun 12
Economic Indicator
Germany’s final Harmonized Index of Consumer Prices for May arrives at 2.7%, as expected
German revised Harmonized Index of Consumer Prices (HICP) data for May has arrived at 2.7% Year-on-Year (YoY), as expected. On a monthly basis, the HICP growth declined by 0.1%.Fxstreet
Fri, Jun 12
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