British retail sales dropped markedly in June after two consecutive months of growth, official figures from the Office for National Statistics (ONS) showed on Thursday.
Gold has moved back to the 1,330 level, and it resumes to fluctuate around that level on Friday, as the ECB announced that there will be no rate change for the Eurozone.
No matter the expectations from the ECB rate decision and press conference, the EUR/USD pair is still stuck around 1.10 level on Friday.
US housing starts and building permits rose in June, a sign that the country's housing market remained on solid footing at the end of the second quarter.
The unemployment rate in the UK fell to its lowest level in more than a decade in May, a sign the labor market continued to strengthen in the run-up to Britain's referendum on membership of the European Union, while average weekly earnings edged up in the same month.
The yellow metal finally moved on Wednesday, as the metal fell from the 1,330 levels to 1,315. Previously the yellow metal did not fall, as the Bank of England announced no rate cut in July.
Keep eyes open and yourself ready for the ECB rate. Market participants have been waiting for the EUR/USD pair to start moving in one or another direction, as it has been fluctuating around 1.1010 level for the past sessions.
US housing starts and building permits rose in June, a sign that the country's housing market remained on solid footing at the end of the second quarter.
Inflation in the UK rose during the 'Brexit month' year-on-year, while the core CPI reading showed a fresh climb.
Gold prices continue to hold steady on Wednesday, as traders await latest news on central bank policies. Previously the yellow metal did not fall, as the Bank of England announced no rate cut in July.
The common European currency is marking new July low levels, as it moved lower on Tuesday and continued to trade flat at the start of Wednesday's session.
US industrial production rose more than expected in June on large gains in automotive manufacturing and utility output, reported the Federal Reserve, a sign that the economy was regaining momentum at the end of the second quarter.
On Thursday, the Bank of England surprised markets by holding interest rates, despite hints from Governor Mark Carney that policy easing could be possible made earlier.
Gold prices are holding steady on Tuesday, as traders await latest news on central bank policies.
The common European currency on Monday regained half of its Friday's losses against the US Dollar. However, on Tuesday the pair is trading flat
US industrial production rose more than expected in June on large gains in automotive manufacturing and utility output, reported the Federal Reserve, a sign that the economy was regaining momentum at the end of the second quarter.
On Thursday, the Bank of England surprised markets by holding interest rates, despite hints from Governor Mark Carney that policy easing could be possible made earlier.
The yellow metal did not fall, as the Bank of England announced no rate cut in July. Gold investors, just like the central bankers, want to wait out the Brexit storm.
The Euro started Friday with a surge, which did not continue into the day, as the EUR/USD pair fell, erasing all gains gained since June 28 and marking a new July low.
The yellow metal did not fall, as the Bank of England announced no rate cut in July. Gold investors, just like the central bankers, want to wait out the Brexit storm.
The Euro starts Friday with a surge, which, if remains maintained, will become the fifth consecutive session with booked gains against the US Dollar.
The number of Americans filing unemployment benefits remains unchanged compared to the previous week, demonstrating the lowest level since April, giving a hint that labour market started to recover amid a shaky global economy.
On Thursday, the Bank of England surprised markets by holding interest rates, despite hints from Governor Mark Carney that policy easing could be possible made earlier.
The U.S. labour market continued to slow in June but at a more moderate pace as the economy moved closer to full employment, according to an index prepared by the Federal Reserve.