Decline in GDT index weakens the Kiwi dollar.
The increase in the dairy prices coupled with a 10% rise in the price of the new wave of export commodities such as the kiwi fruit, Apple, seafood, and wine enabled the New Zealand dollar to strengthen from 0.6670 inRead More
British PM Hints At Pushing For Changes In Monetary Policy
Speaking at the Conservative Party's annual conference this week, Prime Minister Theresa May surprised industry observers with a sharp criticism of Britain’s current monetary policy. It was May’s first speech at the conference and she used the opportunity to layRead More
Brexit Hampering Growth in Eurozone While Britain Rebounds
The prospect of Britain’s exit from European Union (EU) is affecting the economic performance of both the UK and countries within the EU. Recent survey results indicate that businesses in both regions are apprehensive of the impact of the separation.Read More
BP remains weak as Iraq, Libya adds to oil glut
The shares of oil and gas company British Petroleum, also referred to as BP Plc (NYSE: BP), have risen by about a dollar following the OPEC’s decision to limit their overall output to between 32.5 million and 33 million barrelsRead More
Impressive Q2 GDP growth turns Pound bullish.
The weak US employment report and the postponed Fed rate hike indirectly supported the rise of the Euro dollar against the major currencies, including the British Pound, for the most part of September. However, traders know that unless a currencyRead More