EURCHF Analysis - Price Drops to Significant Weekly Support Level Once More EURCHF drops to the 1.07400 significant weekly support level for the third time in three months. This shows the insistence of the bears to go lower at the slightest opportunity. Buyers failed to lift the market out of the …
Money management
The Warning Report of an Early Rate Hike From the Bank of England Sets the Pound Soaring
In interviews released over the weekend, the Bank of England reported that the level of inflation in the UK was worrying and encouraged citizens to anticipate an early increase in interest rates. With this report, the pound strengthened in relation to the euro and the US dollar. The Bank of England …
Boris Johnson Warns That a Temporary Shortage of Workers and Commodities in the UK Could Last Till Christmas
Boris Johnson, UK prime minister, has refused to put away speculation that the current economic crisis due to workers' and commodities shortages could last till the festive period in December. He stresses the fact that the economy is passing through a transition period due to the aftermath of the …