Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Sterling holds after 2-year low against euro

Economies.com
2019-08-08 19:13PM UTC

British pound stabilized today against euro after hitting 2-year low on news about early elections in the UK.

 

The Financial Times stated that Britain's PM, Boris Johnson, will call an early general election days after the UK exit the EU on October 31st, in case his government loses the house of commons' confidence.

 

Which came amid British circles' speculations that Johnson's government will seek a no-deal Brexit.

 

After his victory, Johnson said the Brexit will go on as scheduled in October, whether by an agreement or not.

 

As of 19:10 GMT, GBP/EUR stabilized at 1.0846, with a high of 1.086 and a low of 1.0793, after hitting 1.0794, which is the lowest level since August 2017.

Gold closes lower but remains above $1500

Economies.com
2019-08-08 18:14PM UTC

Gold fell during trading today and closed lower after posting the largest gains in seven weeks yesterday.

 

As investors shifted from safe havens today to equities, especially Wall Street market, which has recovered some of its massive losses that were hit due to the escalation of US-China trade war and the threats that may harm the two countries

 

The US government released today its reading for the unemployment claims, which declined by 8,000 to 209,000 in the week that ended in August 3rd.

 

As of 18:01 GMT, dollar index against a basket of major currencies stabilized at 97.5 points, with a high of 97.7 points a low of 97.4 points.

 

Gold futures (December delivery) fell 0.7% to close at $1509.5 per ounce, with intraday high of $1518.6 and a low of $1501.6.

Dollar stabilizes after Trump's remarks

Economies.com
2019-08-08 17:33PM UTC

US dollar stabilized today against most currencies after President Trump's remarks, as Trump expressed his dissatisfaction of dollar's strength and his desire to lower it rates to increase exports.

 

Trump said that as he is president of the United States, some think he is happy with dollar's strength, but it harms American manufacturers and exports to foreign markets.

 

The US government released today its reading for the unemployment claims, which declined by 8,000 to 209,000 in the week that ended in August 3rd.

 

The global markets concerns have eased today over the escalation of trade war and the threats that may harm markets and different assets.

 

As of 17:22 GMT, dollar index against a basket of major currencies stabilized  at 97.5 points, with a high of 97.7 points a low of 97.4 points.

Oil extends gains as Brent jumps by 2.2%

Economies.com
2019-08-08 17:08PM UTC

Oil rose during trading today as tensions in the markets and the US-China trade war relatively eased.

 

Oil was hit by massive losses on the trade war concerns an its impacts on global demand.

 

Baker Hughes will reveal tomorrow the US oil and natural gas rigs count.

 

Meanwhile, dollar stabilized against a basket of currencies at 97.5 points, with a high of 97.6 points and a low of 97.4.

 

In oil market, by 16:51 GMT, WTI futures (September delivery) rose by 2.8% to $52.5 per barrel, with a high of $52.9 and a low of $51.9.

 

Brent rose by 2.2% to $57.5 per barrel, with a high of $58.01 and a low of $56.8.

Frequently asked questions

What is the price of EUR/GBP today?

The price of EUR/GBP is $0.8685 (2025-07-14 21:25PM UTC)