British pound set to benefit from tech investment shift, says Bank of America

British pound set to benefit from tech investment shift, says Bank of America
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British pound set to benefit from tech investment shift, says Bank of America
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2024.08.02 2024.08.02 WTI Crude Oil: Elliott wave analysis and forecast for 02.08.24 – 09.08.24 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ The article covers the following subjects: Highlights and key points Main scenario: consider short positions from corrections below the level of 83.40 with a bearish target of 72.30 – 67.60. A sell signal: after a breakout below 83.40. Stop…
Markets had a volatile week, with US 100 (Nasdaq 100) reaching new highs and a strong likelihood of a Fed rate cut next week. Major central bank meetings dominate the week ahead. The BoJ faces a tough decision on whether to raise interest rates, with recent data supporting a hike. The US Dollar Index (DXY)…
We expect the Bank of England (BoE) to keep the Bank Rate unchanged at 4.50% on Thursday 20 March in line with consensus and market pricing. Data has been mixed and amid elevated uncertainty, this warrants a continued signalling of only a gradual approach to monetary policy easing. We expect the reaction in EUR/GBP to…
Investing.com– Most Asian currencies gained ground on Wednesday as the dollar retreated in the wake of a fiery U.S. presidential debate, with focus turning to key upcoming inflation data due later in the day. The Japanese yen was among the biggest beneficiaries of this trade, with increased safe haven demand after the debate putting the…
📈 Commodities Watch — Week of Sep 8–12 Silver: $42.20 ↑ (+1.6%) Weekly Focus: Precious metals advanced as the dollar weakened after softer US labor data reinforced Fed rate cut bets. Gold defended $3620 and closed the week near $3650, while silver outperformed with stronger momentum. Oil prices posted modest gains, supported by supply jitters,…
In a promising economic development, the Netherlands has witnessed a notable increase in its GDP growth for the third quarter of 2024, with the figure reaching 1.7%. This marks a significant improvement from the previous quarter, where the GDP growth rate was recorded at 0.8%, indicating robust year-over-year economic performance. The GDP growth acceleration can…