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The Bank of England’s MPC voted to keep interest rates at 4%, surpassing predictions.
The Bank of England cut rates to 4%, surprising markets with a split committee. This sparked GBP/USD gains while pressuring EUR/USD. Gold is affected by geopolitical news, and Bitcoin remains weak. – vtmarketsmy.com
Written on August 7, 2025 at 4:24 pm
Categories: Live Updates
The Bank of England’s interest rate decision met expectations at four percent.
The Bank of England maintains interest rates at 4%, influencing GBP/USD positively. With economic uncertainties, traders eye options on GBP and EUR while navigating gold and Bitcoin’s market dynamics. – vtmarketsmy.com
Written on August 7, 2025 at 4:23 pm
Categories: Live Updates
EURUSD decreases as it hovers between 1.16098 and 1.1631, with traders assessing movement direction
The EURUSD is testing a critical support level around 1.1610 after recent gains. A bounce could signal bullish momentum, while a drop may shift focus to further declines. Traders should stay alert! – vtmarketsmy.com
Written on August 7, 2025 at 4:23 pm
Categories: Live Updates
The NY Fed’s survey shows increasing inflation expectations and consumers’ growing financial optimism.
Short-term inflation expectations tick up to 3.1%, while five-year outlook drops to 0.9%. Consumer optimism and easier credit access suggest a ‘soft landing’ for the economy, favoring stock market growth. – vtmarketsmy.com
Written on August 7, 2025 at 4:23 pm
Categories: Live Updates
The US dollar rises as EUR/USD gains fade, influenced by jobless claims and economic concerns
The Euro is gaining ground against the US Dollar, driven by optimism in Ukraine and concerns over US economic weakness. Traders anticipate further EUR/USD strength, eyeing targets at 1.1700. – vtmarketsmy.com
Written on August 7, 2025 at 4:22 pm
Categories: Live Updates
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