Wednesday, 19 June 2019 18:24 WIB
U.S. futures were flat on Wednesday ahead of the Federal Reserve's policy decision and economic projections later in the day.
While no rate cut is expected, investors will be focusing on changes to the language in the Fed's statement and in Chairman Jerome Powell's subsequent comments as to the the triggers for and timing of an eventual move. Powell's press conference begins at 2:30 PM ET...
Wednesday, 19 June 2019 15:53 WIB
Falling air fares and car prices saw U.K. inflation return to the Bank of England™s target last month.
Consumer prices rose 2% from a year earlier, down from 2.1% in April, the Office for National Statistics said Wednesday. Core inflation slowed to 1.7% from 1.8%.
Air fares, which surged in an Easter-related boost in April, fell 5.2% in May compared with a 10% increase a year earlier....
Wednesday, 19 June 2019 16:14 WIB
The GBP/USD pair held on to its mildly positive tone through the early European session on Wednesday and had a rather muted reaction to the latest UK macro data.
The pair built on the previous session's late rebound from the key 1.2500 psychological mark, or fresh multi-month lows, and gained some follow-through traction on Wednesday. The pair held steady around the 1.2570-80 region and moved...