The Pound soared against the U.S. Dollar on Wednesday after the data from ONS showed the economy expanded as expected in the initial estimate.
Ahead of December's FOMC meeting, where policymakers could start tapering its stimulus programme, all economic indicators are having bigger effect as usual, as they can play a decisive role for the U.S. central bank.
Wednesday was a good day to trade EUR/USD, as on the back of positive statistics data and substantial political progress in Germany, the pair soared to its one-month high, moving above 1.36.
The Australian Dollar advanced more than 0.3% versus it U.S. namesake on Tuesday, hitting 0.92, following a speech by RBA Deputy Governor Philip Lowe, who pointed out companies have to boost efficiency in order to maintain growth in living standards, while engineers freed up from mining sector could be used to build more infrastructure.
The Japanese economy is expanding and benefitting from Abenomics, this is not a question. Moreover, growth is poised to accelerate in the second half of fiscal year 2013, according to minutes from the board's October 31 meeting that were released on Tuesday.
Mark Carney, Bank of England Governor, hit back at critics of forward guidance, underscoring that economic recovery would be jeopardized if the nation's central bank had not signaled how long it would keep interest rates at record low.
While some analysts are claiming the world's largest economy is resilient to domestic problems and risks that came from sequester and later government shutdown this year, the latest report from the Conference Board showed that mood among American consumers plunged to a seven-month low in November.
The Eurozone economy has emerged from its longest-ever recession and it seems the crisis is calming.
The situation in the Swiss labour market improved substantially in the third quarter, showing Alpine country's resilience to global headwinds and supporting the case the cap on the Swiss Franc may soon be removed.
Surprise, surprise. The Bank of Japan to maintain its unprecedented stimulus programme and ready to add more liquidity into financial markets in case risks to the economy threaten its 2% inflation target.
Amid concerns over a growing housing bubble in the U.K., Monday's report from the British Bankers' Association showed unexpected data, saying mortgage approvals fell last month.
Demand for pending homes in the United States eased for a fifth consecutive month in October, as 16-day long government shutdown added to an overall slowdown in the nation's property market.
During the last policy meeting the European Central Bank cut its benchmark interest rate by 25 basis points to a fresh low of 0.25%, citing weak inflationary pressure in the region, with CPI hitting a 47-month low in October.
Canada's inflation climbed in October at the slowest pace in five months amid falling gasoline prices, Statistics Canada reported Friday.
The Japanese Yen plunged to the lowest level since July, hitting 101.35 on the back of better-than-expected data from the U.S., and amid concerns Japanese policymakers would not be able to achieve 2% inflation target within the planned schedule.
Britain's economy is performing well, at least much better than the neighboring Eurozone and other developed economies. Nevertheless, there are issues that are limiting the expansion.
It is not a surprise for anyone that Janet Yellen will become the next Fed Chairman. However, she made another important step for this position, as the Senate Banking Committee voted 14 to 8 to send Yellen's nomination to chair the U.S. central bank to the full Senate to wait for the confirmation.
Despite U.S. Dollar's bullishness and gloomy outlook for the Eurozone, the single currency managed to trade higher on Friday compared with week's opening price.
The U.S. Dollar was supposed to be one of the main gainers last week, as the Federal Reserve cited economic pickup, and hinted a possibility of tapering of its stimulus programme in the coming months.
For months analysts and economists, as well as Australian policymakers have been expressing their concerns over the strength of the Australian Dollar that has become a serious drag on the Australian economy.
As it was widely expected Japanese policymakers held off announcing any fresh stimulus measures to boost economic growth, citing moderate recovery and stressing out that earlier measures to stoke inflation are taking hold.
British public sector net borrowing increased less than expected last month, suggesting the pace of government and public corporations spending slowed compared with how much they earn.
Following Federal Reserve comments the economy is improving, another portion of positive fundamental data reinforced the case the economy is strong enough to withstand the upcoming tapering of central bank's stimulus programme.
Draghi was right, once again. During the last ECB meeting he noticed the 17-nation bloc should prepare for another period of subdued growth and weak inflationary pressure.