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Editors’ Picks
GBP/USD stays below src.3000 after UK CPI data
GBP/USD trades below src.3000 in the European session on Wednesday. The data from the UK showed that annual CPI inflation held steady at 2% in June. This reading came in line with the market expectation and limited Pound Sterling’s upside.
GBP/USD News
Gold rises on Kugler’s comments and Shanghai bets
Gold is rising as expectations firm of falling interest rates in the US – a positive for the precious metal. Fed’s Adriana Kugler says a combination of falling inflation and weakening labor market could force rate cut “later this year”.
Gold News
Bitcoin surpasses $65,000 mark
Bitcoin closes above the daily resistance level of $64,900, with Ethereum and Ripple subsequently breaking through their resistance levels, indicating an emerging bullish trend.
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