GBP/USD Analysis Today 11/4: Breaking 1.25 Support (Chart)
Pound sterling dips to two-month low at 1.2520 against USD following strong US inflation data, reducing expectations of significant Fed rate cuts.
Source: dailyforex.com
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Iran's IRGC confirms leaked audio of former head discussing corruption
The IRGC has confirmed the audio of the former commander speaking about corruption.
Source: al-monitor.com
US inflation rate climbs at fastest pace since 2008
US inflation rate climbs at fastest pace since 2008 whatsapp The increase was driven by a rise in the costs of used cars and trucks. (Photo by Justin Sullivan/Getty Images) US inflation has soared to the fastest annual rate since the financial crisis, fuelling concerns of early policy tightening by the Fed. The Labor Department said its consumer price index (CPI) rose 0.6 per cent last month after surging 0.8 per cent in April. In the 12 months to May, CPI accelerated five per cent, its biggest annual increase since 2008. Also Read: Investors shrug off rise The inflation jump...
Source: cityam.com
Commodity-based Currencies in Top 5 as Global Prices Surge
Global commodity prices continue to surge higher as the one-way streak persists off the back of a global growth story and a stronger than anticipated economic recovery.
Source: financialit.net