GBP/SEK Exchange rate
Editors’ Picks
EUR/USD falls to multi-week lows below 1.1600
EUR/USD loses its traction and trades at its weakest level in three weeks below 1.1600. The US Dollar ignores the mixed macroeconomic data releases from the US and preserves its strength, not allowing the pair to reverse its direction.
GBP/USD retreats below 1.3400 on renewed USD strength
GBP/USD struggles to hold its ground in the second half of the day on Wednesday and trades in negative territory below 1.3400. Earlier in the day, hot inflation data from the UK boosted Pound Sterling but renewed USD strength forced the pair to turn south.
Gold pulls away from session highs, trades below $3,330
Gold erases its daily gains and trades below $3,330 after rising above $3,340 earlier in the day. Although retreating US Treasury bond yields help XAU/USD limit its losses, the broad-based USD strength limits the pair's upside as markets await comments from Fed officials.
Major altcoins Cardano, Litecoin, Solana stabilize around key levels as bulls hint at a new leg higher
Major altcoins Cardano (ADA), Litecoin (LTC) and Solana (SOL) are showing signs of strength as these cryptos stabilize around key support levels, suggesting a new leg higher as bullish momentum mounts. ADA and SOL hold steady around $0.74 and $163.65 respectively while LTC approaches resistance at $96.30.
China’s first-half growth remains on track, though activity data signals caution
China's second-quarter GDP beat forecasts again with a 5.2% year-on-year growth, driven by strong trade and industrial production. Yet sharper-than-expected slowdowns in fixed-asset investment and retail sales and falling property prices are a concern.