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Microsoft hires fired OpenAI CEO

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The recently fired Chief Executive Officer of OpenAI Sam Altman has been hired by Microsoft. Market commentators have expressed that the move is set to benefit the stock price of MSFT.
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23 Nov 2023

Pound surges due to PMIs

It appears that a sharp move of the Pounds value at 09:30 was caused by the publication of better than expected United Kingdom Purchasing Managers Indices of the Services and Manufacturing sectors. The Markit Services and Manufacturing sector Purchasing Managers Index survey results revealed better than expected situations in the two economic sectors. The Manufacturing PMI was forecast to be

02 Nov 2023

Bank of England keeps rate unchanged

As the markets expected, the Bank of England has kept the Official Bank Rate at 5.25%. The GBP/USD initially reacted with a 21 point or 0.17% surge and reaching above the 1.2200 mark. The surge was attributed to how the monetary policy committee voted for the keeping of the rate unchanged. It was expected that 2 members would vote for

01 Nov 2023

Federal Reserve keeps rate unchanged

The United States Federal Reserve has just revealed that it will keep the Federal Funds Rate unchanged at 5.50%. The news caused a 0.15% drop of the US Dollar index from 107.00 down to 106.82. The event was followed by the press conference of the Chairman of the Federal Reserve Jerome Powell. His initial talk caused a boost of