Yellen

In his first appearance before Congress, Jerome Powell, new chair of the Federal Reserve painted an optimistic picture of the US economy. In his comments to the House Financial Services Committee Powell highlighted strength in the jobs market and strong business investment as reasons to remain optimistic about the outlook of the economy and confirme...

GBP/USD has been on a rollercoaster ride today and could still see more volatility to come. GBP/USD dropped in early trade as the UK unemployment level unexpectedly ticked higher to 4.4%, from 4.3%. UK earnings growth was also interpreted as soft, giving investors little reason to cheer. Wage growth at 2.5% still remains firmly below inflation at 3%...