Bank of England’s Rate Hike Anticipation Makes Pound Bullish
The Pound has once again turned weak against Greenback in the middle of September 2017 due to drop in the index of Industrial Order Expectations and deadlock in Brexit talks. The drop in GBP/USD currency pair was further due to
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FCA to Investigate UK Banks for ZA Money Laundering Scam
Chancellor Philip Hammond has written an application to FCA or Financial Conduct Authority which is the main governing body in the United Kingdom to investigate into Lord Peter Hain’s allegations. Peter Hain is the former Cabinet Minister of UK. Earlier
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BofA Expects 9% Rise in Net Income after Beating Q3 Estimates
The Bank of America’s stocks (NYSE: BAC) were able to recover to $25 levels after experiencing 12 months low figure of $22.74. It is interesting and noteworthy to note that Hathaway Inc. of Warren Buffet became the largest shareholder in
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USD in a Strong Position due to Great September Retail Sales
In the first week of September 2017, Greenback was able to gain momentum against Yen and other major G10 currencies. It was because of the expected Fed rate hike in December. The US Dollar was also able to push up
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Bank of England Warned UK Banks to Cut Consumer Lending
The Bank of England or BoE has issued directions to the banking institutions in the United Kingdom to cut back on consumer lending. It is so because the financial sector and broader economy might be under significant risk due to
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EUR/CAD Currency Pair to Rally Further in Coming Days
In September’s first week, the Eurodollar fell sharply against the Canadian dollar primarily because of the unexpected increase in interest rate by Bank of Canada and a dovish statement issued by Mario Draghi who is the President of ECB. However,
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General Electric Makes Huge Changes in Top Management
The industrial giant General Electric Company (NYSE: GE) which is facing massive headwinds in various segments of business has reported a decline of 48% Y-O-Y in non-GAA earnings to an amount of $2.418 billion or $0.28 per share on total
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