UK’s Car Production Contracts by Nearly 100% in April
Car production in the UK witnessed a nearly 100% decline for the month of April, with the sector manufacturing just 197 cars for the entire Full Article
GBP/USD Remains Bullish, After Bouncing Off the 50 SMA
GBP/USD retraced lower today but the pullback ended at the 50 SMA on the H1 chart Full Article
Business Confidence in British Economy Plummets to Lowest Levels Since 2008
Business confidence across Britain has fallen to the lowest levels seen since the 2008 global financial crisis during the month of May. Full Article
The GBP Remains Bearish Today, as BOE Saunders Leans on More Easing
GBP/USD has turned bearish again today after Saunders dovish remarks Full Article
Surveys Shed Light About Prospects of UK’s Employment Levels in the Coming Months
The latest survey by REC offers a slight glimmer of hope for the state of businesses' hiring and investment plans across Britain Full Article
GBP/USD Weakens as Hard Brexit Concerns Rise Again
GBP/USD trades weak after falling sharply during the previous session on the back of yet another roadblock in Brexit trade negotiations Full Article
U.S. Declares Hong Kong “No Longer Autonomous”
Blame over COVID-19, a hot trade war, and Hong Kong unrest are severely undermining the future of U.S./China relations. Full Article
British Government to Tweak its Job Retention Scheme
The British government is expected to stop adding more workers to its job retention scheme, according to a report in the Financial Full Article
Forex & Commodities Key Trading Levels to Watch This Week
The U.S. dollar remained weak across the board on the back of increased US –Sino tensions and risk-on market sentiment. For being the safe-h Full Article
UK Consumers’ Spending on Essentials and Non-Essentials Contract in April
A recent report by Lloyds Bank reveals that non-essential spending by consumers in the UK has contracted by 42% during April, mainly driven Full Article
Johnson Discusses Plans to Reopen Britain’s Retail Sector
Britain is getting ready to ease lockdown restrictions starting next month, with several retail outlets and markets expected to reopen once Full Article
GBP/USD Trades Bearish Amid Weak Data Releases From UK, Rising US-China Tensions
The Pound is trading under pressure against the US dollar as forex traders once again move towards the safety of the greenback and away Full Article
Britain’s Economy to Contract Severely in 2020, But BOE May Not Resort to Negative Rates
Britain is headed into the most severe economic recession in hundreds of years as a result of the coronavirus pandemic, according to a poll Full Article
