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12 Aug 2020

UK’s Sunak: Economy is now in hard times, GDP figures confirm that

Following the release of the key UK macro data on Wednesday, the British Finance Minister/ Chancellor Rishi Sunak said that the UK economy is now in 'hard times', the figures today confirm that.

Additional comments

“There will be many more job losses in the coming months.”

“Hundreds of thousands of people have already lost their jobs.”

“Sadly, many more will in the coming months.”

Aug 12, 2020

GBP/USD off lows, still on the defensive below mid-1.3000s post-UK macro data

The GBP/USD pair maintained its offered tone below mid-1.3000s and had a muted reaction to the latest UK macro data. The pair extended the previous da
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Aug 12, 2020

Gold: Bears to remain in control while below $1928

Gold has been extending its spectacular into Wednesday. The spot caved into the $1900 level and fell over 1% to the intraday low of $1872. The yellow
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