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Day: September 10, 2018
September 102018
Japanese Yen Holds Steady Amid Booming Q2 Economic Data
The Japanese yen is holding steady on Monday as the national economy grew at its fastest pace in two years during the second quarter. Japanâs economic outlook for the rest of 2018 might be gloomy because of recent natural disasters and potential trade tensions with the US. According to a Cabinet Office data report, the April-to-June gross domestic product (GDP) grew at an annualized 3%, beating market forecasts of 2.6%. This is the fastest growth […]
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September 102018
Pound Rallies on Strong UK GDP Data and Positive Brexit Headlines
The British pound today rallied higher against the US dollar following the release of the UK GDP monthly estimate for July, which came in above expectations. The GBP/USD currency pair’s rally was slowed down by the weak manufacturing output print, which indicated that manufacturing activity contracted in July. The GBP/USD currency pair today rallied from a low of 1.2897 to a high of 1.3051 following the latest Brexit headlines released at the time of writing. The currency […]
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