Market News

Market updates for May 18: Gold makes a new 7-year high at $1762; stock markets recover; British Pound is weak.

New Zealand reported a collapse in its business PMI, but as the nationwide lockdown was eased, next month’s data is in focus.

Despite dismal US data, the US Dollar was broadly higher in Asian trade, remaining close to a recently struck 3-week peak.

A stronger US Dollar and dismal economic data out of the UK helped to push the GBP/USD pair to below the $1.22 level in London trading.

Japan is expected to lift the state of emergency in 39 prefectures, according to an announcement the Prime Minister Shinzo Abe delivered

Speaking after the Federal Open Market Committee (FOMC) on Wednesday, Federal Reserve Chair Jerome Powell dashed any trader expectations that the central bank would bring interest rates

Stocks continue to decline; Yen and Dollar rise as Fed rules out negative rates, gold and oil consolidate

According to data released by the Office for National Statistics the United Kingdom's GDP just had its largest monthly contraction since 1997,

The Pound Sterling was able to gain positive momentum during London trade on Wednesday but analysts point out that it remains vulnerable

Market updates for May 13: Stocks fall on renewed trade tensions; Yen and Dollar rise, gold and oil consolidate

The Pound Sterling edged higher against the US Dollar in London trading but was lower against its European rival as Britain awaited announcements

The UK government is setting out the details on how to make workplaces safer now that the economy is reopening.

Market updates for May 12: Stocks fall; greenback rises, gold and oil consolidate

Oil futures edged higher on Tuesday afternoon in Asia after Saudi Arabia made an unexpected announcement that it would deepen production cuts in June

The Pound Sterling edged lower against its US rival, a repercussion of higher yields on US Treasuries which helped boost demand for the greenback.