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  • H.S. Borji

    UK gross domestic product grew at a steady rate in three months through November as the economy continued to weather the storm of regional conflicts and a sharp downturn in the neighbouring Eurozone. The UK economy accelerated 0.7 percent between September and November, following an identical increase in the previous three month period, the National

  • H.S. Borji
    Business » UK Employment Report on Deck
    H.S. Borji - September 17, 2014, 01:53 GMT

    The Office for National Statistics will release its monthly employment report on Wednesday, providing key insights about UK employment and average earnings growth. The report is expected to show the labour market continued to improve in August, as average earnings rebounded and jobless claims continued to decline. The UK unemployment rate declined 0.1 percentage point

  • H.S. Borji

    The UK economy grew at a steady rate in three months through August, as output continued to moderate after regaining its pre-recession peak in the first half of the year. UK gross domestic product accelerated 0.6 percent between June and August, following a gain of 0.5 percent in the May to July period, the National

  • H.S. Borji

    The British pound was little changed against its US counterpart Friday, despite revised government data showing the economy grew at a faster annual rate in the second quarter. Cable traded within a narrow range of 1.6679-1.6701. It would subsequently consolidate at 1.6693, nudging up 0.04 percent. The GBPUSD is supported at 1.6661, followed by 1.6637

  • H.S. Borji

    The British pound weakened Wednesday after the minutes from the Bank of England’s July meeting showed officials still favoured loose monetary policy, as investors looked ahead to Thursday’s retail sales report. The GBPUSD declined 0.18 percent to 1.7033, rebounding from an intraday low of 1.7024. The pair is supported at 1.7020 and faces resistance at

  • H.S. Borji
    Forex » Positive Sentiment Lifts US dollar
    H.S. Borji - July 16, 2014, 20:21 GMT

    The US dollar advanced for a second consecutive day against a basket of currencies, as mixed economic data didn’t detract from positive sentiment about US recovery. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, advanced 0.2 percent to 80.55. The index has advanced 0.7 percent since July

  • H.S. Borji

    The US dollar advanced against a basket of currencies Tuesday, as retail sales and business inventories supported expectations the US economy rebounded in the second quarter. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, advanced 0.25 percent to 80.39. The index has gained more than 0.2 percent

  • H.S. Borji

    The US dollar was little changed Monday, as a dearth of economic data from the United States kept trade subdued ahead of an active week headlined by international data. The US dollar index – a broad performance measure of the greenback – declined 0.07 percent to 80.21. The dollar ended the previous week on a

  • H.S. Borji

    The euro ended the week on a strong note after German inflation edged higher in June, rebounding from multi-year lows that compelled the European Central Bank to slash interest rates even further. German consumer prices rose at an annual rate of 1 percent in June, after falling to 0.9 percent the previous month, the Federal

  • H.S. Borji

    The US dollar was on the defensive Friday, as disappointing growth figures continued to weigh on the greenback leading up to the weekend. The popular gauge of the US currency’s strength declined 0.15 percent to 80.10, a five-week low. The dollar index, which pits the greenback against six other major currencies, is on pace to

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