Tag Archives: UK
Focus on GBPUSD today – 15th Aug, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for Aug 15, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
UK PMI Growth Accelerates, Retail Sales Increase
The S&P Global UK Composite PMI for July 2024 was adjusted upwards to 52.8 from the initial 52.7 estimate, indicating faster economic expansion compared to June’s 52.3. UK private sector growth was fueled by increased demand, particularly in exports, reaching levels unseen since April 2023. Employment growth hit a 13-month high, while backlogs of work […]
Focus on GBPUSD today – 23rd July 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 23 2024. Key Takeaways Technical Analysis Daily Chart Insights H1 Chart Insights Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
UK Retail Sales Slump as FTSE 100 Ends Winning Streak
The FTSE 100 fell 0.6% on Friday, ending two weeks of gains. Weaker commodity prices and a drop in domestic retail sales drove this decline. Mining stocks were particularly affected, with precious metal miners falling by 0.8% and industrial metal miners decreasing by 1.7%. Fresnillo, a notable precious metal miner, saw a 1.4% decline as […]
UK Price Rises Persist, FTSE Fluctuates, Sterling Nears Peak
The FTSE 100 closed 0.28% higher on Wednesday, driven by gains across multiple sectors. Oil majors, miners, utilities, and defensive stocks such as pharmaceutical companies and tobacco firms all contributed to the index’s positive performance. Burberry emerged as the standout performer, leading the index with a rise of over 4%. This surge was attributed to […]
Focus on GBPUSD today – 17th July, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for July 17, 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on GBPUSD today – 25th June, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for June 25, 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
Focus on GBPUSD today – 20th June, 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the GBPUSD for June 20, 2024. Key Takeaways Technical Analysis Daily Chart Insights 4-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you […]
UK Equities and Pound Hold Firm Amid Mining Sector Strength
On Monday, the FTSE 100 edged marginally higher, closing at 8,424.20 (+0.047%), remaining near the record peak set last week. The modest rise was partly due to advances in heavyweight mining shares, which countered declines in rate-sensitive equities. Fresnillo’s stock climbed 4%, topping the mining sector, as it benefited from a continued uptick in silver […]
FTSE 100 Hits New Record as Bank of England Signals Potential Rate Cut
On the 9th of May, the Bank of England held the main bank rate steady at 5.25%, which hasn’t been this high since 2008 and was anticipated. Yet, two of the committee’s members were in favor of a 0.25 percentage point cut, an increase from the solitary member at the last meeting. Additionally, while they […]