The Great Britain pound performed rather well last week, but this week’s behavior of the UK currency will likely be extremely erratic and unpredictable. The reason for that is the UK general election on Thursday. The outcome of the vote will shape Britain’s political landscape, and thus it will determine chances for a no-deal Brexit. Brits will vote on December 12, with each of the 650 constituencies of the United Kingdom electing one Member […]
Read moreThe US dollar performed very poorly last week despite the better-than-expected employment report. This week will have a couple important macroeconomic releases as well as a monetary policy meeting of the US central bank. Yet it is very likely that factors outside of the United States will have a bigger impact on the greenback. The meeting of the Federal Open Market Committee will probably be the most important event in the USA during the week. […]
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