In the short term, the EURGBP exchange rate will likely continue to rise, as analysts expect the European Central Bank to tighten monetary policy. However, some risks could lead to a decline in the price, such as: Slowing economic growth in Europe Increasing inflation in the United Kingdom Any negative news about relations between the United Kingdom and...
As of 10:00 AM UAE time on September 24, 2023, the GBP/CHF currency pair is trading at 1.1073. This indicates that the market is in a downtrend. There are a number of factors supporting the downtrend in GBP/CHF today, including: Rising US interest rates: The US Federal Reserve has raised interest rates in an effort to combat inflation. This makes the US dollar...
As of 10:00 AM UAE time on September 24, 2023, the AUD/NZD currency pair is trading at 1.0873. This indicates that the market is in an uptrend. There are a number of factors supporting the uptrend in AUD/NZD today, including: Rising commodity prices: The rising prices of commodities, such as gold and copper, have increased demand for the Australian dollar, which...
As of 12:00 PM GMT on September 22, 2023, gold is trading at $1,922.52 per ounce. This indicates that the market is in an uptrend. There are several factors supporting the upward trend in gold today, including: Inflation: If inflation continues to rise, investors may look for safe-haven assets like gold to protect their money. Oil prices: If oil prices continue...
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