The UK Economy

The term ‘economic development’ is related to economic growth, progression, and advancement. Some factors, like socio-cultural, political, legal, environmental, and technological, have a massive influence on the development of an economy. The adaptive social environment has a positive impact on growth. For instance, a society with contemporary beliefs doesn’t resist the adoption of modern ways...

XAUUSD Price Analysis – January 10 Gold rose in price in response to the grim release of NFP in the US, although it lacked a strong follow-up from buyers and stayed within the trading range of the previous session. Over the past 24 hours, the yellow metal has been trading in a limited trading range […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK GDP rose in 3Q 2019 In the UK, the final gross domestic product (GDP) climbed 0.40% on a QoQ basis in 3Q 2019. In the prior quarter, GDP had recorded a drop of 0.20%. Euro-zone current account surplus expanded in October […]

GBPJPY Price Analysis – December 18 Since the trading session on Tuesday, the currency pair has fallen by almost 303 basis points against the Japanese yen. As for the near future, the GBPJPY exchange rate may recover on a cluster formed by the daily trend line at 143.07. If the cluster holds, a reversal is […]

In just hours from now, a major event that will set the trend for the currency market for the year 2020, the UK elections will be held. In the face of a Brexit extension, UK prime minister had pushed for an earlier election in the hopes of having a majority conservatives win in the parliament […]

GBPUSD Price Analysis – December 1 The pound had a positive prior week as traders anticipate to build the scenario for buyers to step in, and now it seems likely to continue on the upside. If we can exceed the crucial level on the level at 1.3012, it is likely that the pound sterling takes […]

The key points from today’s economic news, brought to you by Guardian Stockbrokers. UK house prices rose in November In the UK, the seasonally adjusted house prices advanced 0.50% on a MoM basis in November. The index had advanced 0.20% in the prior month. UK consumer confidence remained flat in November In the UK, the […]

GBPUSD Price Analysis – November 3 Due to recent news release, the GBPUSD pair may recover further past the horizontal line on the level at 1.30 handle. The pair exited the prior week higher at the level 1.2940. Trending about 28 pips higher after the open, the Cable was unable to hold its gains as […]

After the UK made it public to exit from the EURO bloc, the market cap for Bitcoin and Gold has increased almost by $133 billion and $1 trillion. Is this the Brexit aftermath? As it is, the end may be near for Brexit. In the recent declaration an accord is reached between the British government […]

GBPUSD Price Analysis – October 20 The GBPUSD had closed on Friday above its opening price after recovering from early selling pressure and trending higher for the 4th day consecutively in a row. After failing to reverse from its highs, the FX pair is unstable and due to weekend UK parliament vote on Brexit, with […]