Bank of England cuts interest rate

Source: Dukascopy Bank SA
The Bank of England has reduced its Official Bank Rate from 5.25% down to 5.00%. This rate cut was expected by the market analyst consensus forecasts. The GBP is reacting to the rate cut with a decline. However, since the cut was already expected, the Pound already declined during the morning hours.
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Fri, 02 Aug 2024 12:32:51 GMT

US employment data stuns financial markets

The US Bureau of Labor Statistics has published the monthly employment data. Released data has shown a major increase in unemployment. The US Dollar index is reacting to the news by sharply declining below the 104.00 mark.

Fri, 02 Aug 2024 21:30:04 GMT

Delta Air Lines comment on recent outage

CNBC has reported that the CEO of Delta Air Lines Ed Bastian has revealed to the news outlet that the costs from the CrowdStrike outage would amount to $500 million.

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