U.K. Budget concerns weigh on pound as BofA cuts GBP forecasts

U.K. Budget concerns weigh on pound as BofA cuts GBP forecasts
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U.K. Budget concerns weigh on pound as BofA cuts GBP forecasts
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Gold –30.04.2026 – Orbex Forex Trading Blog XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX” width=”0″ style=”display:none;visibility:hidden”> Source link
The US stock market concluded Monday’s session with gains. By the end of the trading day, the Dow Jones (US30) rose by 0.50%. The S&P 500 (US500) gained 0.83%, and the tech-heavy NASDAQ (US100) increased by 1.38%. The morning collapse, fueled by fears of stagflation, turned into a rally following statements by Donald Trump that…
The major US indices are set to open lower after Israelis strikes against Iran’s nuclear facilities and nuclear scientists and military leaders. Iran in a letter to the UN. Counsel said that they will respond decisively and proportionally to the attacks. In premarket trading, the futures are employing lower levels for the major indices. Currently,…
By JustMarkets On Friday, the Dow Jones (US30) Index gained 1.51% (for the week -1.03%), while the S&P 500 (US500) Index was up by 0.80% (for the week -0.07%). The NASDAQ Technology Index (US100) closed negative 0.01% (for the week -0.31%). Stocks rallied sharply in the last 20 minutes of the session on Friday, reversing losses seen earlier in the day. The volatility arose partly due…
The brokerage company NordFX has released the performance results of its clients’ trading activities for July 2024. The evaluation also covered the social trading services, PAMM and CopyTrading, as well as the profits earned by the company’s IB partners. ● The highest profit in July was achieved by a trader from East Asia, account…
Markets Aaaand they’re back at the center of attention again. UK gilts underperform compared to Bunds and Treasuries, especially – you guessed it – at the long end of the curve. The 10-30 year bucket adds 5 bps. A string of sub-par UK gilt auctions this week has been the trigger. While Debt Management Office…