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GBP/USD Rises Following Bank of England Decision
BySilas WYesterday, the Bank of England’s decision had a significant impact on the pound, which strengthened against other currencies. Although the Official Bank Rate remained unchanged at 3.75%, the market was surprised by the “hawkish” signals, which sharply contrasted with the dovish statements made at the February meeting. According to media reports:→ None of the nine…
Advantages & Disadvantages of Tariffs – Forex Mentor Pro
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China Pres Xi revive push for yuan as reserve currency amid global dollar dominance debate | investingLive
BySilas WChina is doubling down on its long-term push to internationalise the yuan, but structural and policy constraints still limit its reserve-currency appeal. Summary: President Xi Jinping, in an article published on Saturday in Qiushi, the Communist Party’s leading theoretical journal, has renewed calls for the yuan to evolve into a global reserve currency, underscoring Beijing’s…
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Euro extends losses after soft PMIs release – MarketPulse
BySilas WThe euro has edged lower on Friday. EUR/USD is trading at 1.0687 in the European session, down 0.14% on the day. Is the eurozone economy slowing down? The week ended on a sour note in Europe as June PMIs declined in the eurozone. The Services PMI dropped to 52.6, down from 53.2 in May and…

