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GBP/USD continues to rise ahead of anticipated BoE rate cut

GBP/USD continues to rise ahead of anticipated BoE rate cut

GBP/USD rose above 1.3350 on Wednesday as the pressure on the US dollar eased. The Bank of England is expected to announce its latest interest rate decisions soon, with a quarter-point cut widely anticipated. Upcoming tariff deadlines are set for August 8th, which is soon approaching. The GBP/USD pair experienced a significant boost on Wednesday, […]

Further changes in stamp prices are anticipated: What might the costs reach?

More stamp price changes are expected: How expensive could they get?

Earlier this summer, the cost of the Forever Stamp increased by 5 cents, marking the largest hike for first-class mail in the U.S. If you haven’t stocked up yet, you might want to consider it, especially since more price increases are already looming. The recent adjustment, effective July 13th, saw first-class stamps jump by 7.4%, […]

Inflation rises more than anticipated in the Federal Reserve’s favored measure

Inflation rises more than anticipated in the Federal Reserve's favored measure

Inflation, as indicated by the Federal Reserve’s key measure, rose from 2.3% to 2.6% in June, driven by rising costs linked to President Trump’s tariffs. This shift is influencing the economy in significant ways. The Commerce Department’s personal consumption expenditure (PCE) price index recorded a bump that surpassed economists’ forecasts of a 2.5% rise. When […]

Forex Today: No changes anticipated at the BoJ meeting

Forex Today: No changes anticipated at the BoJ meeting

US Dollar Strengthens Amid Economic Data The US dollar (USD) reached a new multi-week high during the press conference, buoyed by robust US economic indicators and positive remarks following the Federal Reserve’s decision to maintain interest rates. What to Expect on Thursday, July 31st The US Dollar Index (DXY) continued its ascent, nearing the 100.00 […]

IMF finds Trump trade policies to be less harmful than anticipated

IMF finds Trump trade policies to be less harmful than anticipated

IMF Upgrades Global Growth Forecast Amid Trade Policy Changes The International Monetary Fund (IMF) has revised its predictions for global economic growth, suggesting that President Trump’s trade policy might be less detrimental than previously anticipated. This news comes as the IMF projects a 3% growth rate for 2025, which is an increase of 0.2 percentage […]

Alphabet Reports Stronger Sales Than Anticipated in Q2

Alphabet Reports Stronger Sales Than Anticipated in Q2

Alphabet (NASDAQ: GOOGL), the online advertising powerhouse, announced its second-quarter results for CY2025. The GAAP earnings reached $2.31 per share, which is 5.7% higher than what analysts expected. Curiously, is now the right time to invest in Alphabet? Revenue: $96.43 billion, compared to the analyst estimate of $93.8 billion (a 2.6% increase). Operating Income (GAAP): […]