The following Forex news reports are the latest developments of the Forex market. The news reports are updated frequently and include all the events that affect the foreign exchange trading industry.
The United Kingdom's Office for National Statistics recently reported the country's preliminary Gross Domestic Product, which stood 15.5 percent in the third quarter (quarter-to-quarter) after dropping by 19.8 percent in the previous quarter.
Stocks Mostly Weaker; Nikkei 225 Index Gains Again; Trump Continues Legal Challenge to Provisional Results in Several Key States
The pound sterling struck a 2-month peak against the common currency euro during London trading on Wednesday.
The US stock markets continued to bet for a near-term economic recovery after Pfizer announced it's coronavirus vaccine, which claims over 90% efficacy.
Stock Markets Continue Slow Advance; Nikkei 225 Index Up by 1.78% to Hit Record High; Crude Oil Hits 2-Month High; Trump Continues Legal Challenge Provisional Results in Several Key States.
Disappointing labor data from the UK's private sector failed to shift risk sentiment during London trade on Tuesday.
Pfizer announced yesterday that its coronavirus vaccine is 90% effective based on early data.
S&P 500, Dow, Nikkei 225 Indices Hit Record Highs; Dow Briefly Reaches 30,000; Pfizer Announces Successful Corona Vaccine Analysis; Trump Continues Legal Challenge Provisional Results in Several Key States
The pound sterling had moved higher against its US rival and neared a 9-week peak after a shift in risk sentiment gave riskier currencies some support.
Recently, the Reuters Tankan Survey was released, reporting that manufacturing and services firms were less pessimistic regarding the future of the Japanese economy.
Biden Declared Winner by Major Media Networks Saturday; Trump Refuses to Concede, Awaiting Recounts & Lawsuits; Stocks Up, Dollar Down
The US Dollar is staging a comeback after being under broad pressure as hopes for a second stimulus package for a struggling US economy continue to faded.
Uncertainty continues taking over the markets due to the fact that the results of the US elections are not clear yet.
The pound sterling reversed course after slipping lower against the common currency Euro after the Bank of England announcement of upcoming monetary policy changes.
Trump Mounts Legal Challenge to Vote Counts; Recounts Likely in Georgia and Wisconsin; Stocks Rally; Forex Markets Consolidate
