Day: January 11, 2017

January 11
2017

British Pound Drops to Lowest Level in Almost 3 Months

The British pound declined on Wednesday, as traders felt more anxious about the future road of Brexit. Recent comments from UK Prime Minister Theresa May increased fears of a hard Brexit and overshadowed strong economic data. The UK Office for National Statistics released its production data for November 2016 today, which showed an increase by 2.1% in industrial output when compared to October 2016. The fresh data exceeded expectations of an increase by 0.8%. […]

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January 11
2017

British Pound Drops to Lowest Level in Almost 3 Months

The British pound declined on Wednesday, as traders felt more anxious about the future road of Brexit. Recent comments from UK Prime Minister Theresa May increased fears of a hard Brexit and overshadowed strong economic data. The UK Office for National Statistics released its production data for November 2016 today, which showed an increase by 2.1% in industrial output when compared to October 2016. The fresh data exceeded expectations of an increase by 0.8%. […]

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January 11
2017

US Dollar Declines Against Major Currencies During Trump’s First Press Briefing

The US dollar declined significantly against other major currencies as the markets reacted negatively to Donald Trump‘s first press briefing as president. The US dollar lost much of the ground it had gained earlier in the day after Trump announced his short-term plans for the USA given that he assumes office in nine days. The US dollar started the day trading very strongly against other currencies such as the British pound, the Japanese […]

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January 11
2017

US Dollar Declines Against Major Currencies During Trump’s First Press Briefing

The US dollar declined significantly against other major currencies as the markets reacted negatively to Donald Trump‘s first press briefing as president. The US dollar lost much of the ground it had gained earlier in the day after Trump announced his short-term plans for the USA given that he assumes office in nine days. The US dollar started the day trading very strongly against other currencies such as the British pound, the Japanese […]

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