Analysis / Daily / Finance / forex / Money

Dollar strengthens overnight!

U.K. retail sales rose more than economists forecast in February as tumbling inflation boosted consumer confidence. The volume of sales including auto fuel rose 0.7 percent from January, the Office for National Statistics said in London yesterday. Economists forecast a 0.4 percent increase, according to the median estimate in a Bloomberg News survey. It was … Continue reading

Analysis / Daily / Finance / forex / Money

Sterling shows weakness ahead of PMI and inflation data

The pound traded lower against the dollar early in Asia with the market waiting for PMI data for the manufacturing sector of major euro-zone economies and inflation data from the UK. Fed comments about a possible mid-year US rate hike failed to boost the greenback to any significant level as the same policymaker also lowered … Continue reading