ECB President Highlights Unprecedented Uncertainty, Warns of Challenges in Maintaining Stability
European Central Bank (ECB) President Christine Lagarde expressed concerns over the exceptionally high level of uncertainty in the current economic…
JPY Weakens Amid Positive European Market Sentiment and Mixed Economic Data
The Japanese yen weakened against other major currencies during the European trading session on Wednesday. European stock indices saw gains…
Dollar Declines Amid Trade Tariff and Rate Cut Speculation
The U.S. dollar weakened against major currencies during the week ending January 24, driven by softer rhetoric on trade tariffs…
British Pound Weakens on Rate Cut Speculation and Rising Budget Deficit
The British pound declined against major currencies during the Asian trading session on Wednesday, as market participants speculated on a…
UK Budget Deficit Doubles in December Amid Rising Borrowing Costs and Interest Payments
The UK’s public sector net borrowing more than doubled in December, reaching £17.8 billion, driven by surging interest payments and…
UK House Prices See Largest January Jump Since 2020
In January, UK house prices experienced their sharpest increase at the start of a year since 2020, driven by a…
Euro Strengthens Amid Positive European Market Performance
The euro gained ground against major currencies during Monday’s European session, buoyed by higher trading in European stock markets. Key…
UK Retail Sales See Unexpected Drop in December
Retail sales in the UK fell unexpectedly in December, despite the holiday season, with food sales experiencing their steepest decline…
U.S. Housing Starts Surge Beyond Expectations in December
A recent report by the Commerce Department revealed a significant rebound in U.S. residential construction during December, surpassing market expectations.…
Philadelphia Manufacturing Activity Slumps in December
Manufacturing activity in the Philadelphia area contracted in December, according to the Federal Reserve Bank of Philadelphia’s latest report. The…