UK budget deficit in February exceeds $20 billion
Public spending in the UK has exceeded government revenue by 16.7 billion pounds ($20 billion), aggravating the financial woes of the British government. Later today, Mitrade expects the UK year-on-year inflation rate to increase by 9.9%, slightly lower than 10.1% last month. GBP/USD then declined 62 pips to 1.2214, and AUD/USD fell 50 pips to 0.6668.
EUR/USD increased 48 pips to 1.0767. USD/JPY climbed 118 pips to 132.49, and USD/CAD added 49 pips to 1.3713. Canada's month-on-month core inflation rate slowed to 0.5% in February, lower than market estimates.
Spot gold dropped $38.31 to $1,940.64 an ounce, and US WTI crude futures traded $1.85 higher to $69.67 a barrel. Bitcoin and Ethereum rose to $28,009.0 and $1,790.96 respectively.
The Nasdaq 100 advanced 178 points to 12,741. The S&P 500 added 51 points to 4,002, and the Dow Jones Industrial Average surged 316 points to 32,560.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
If you like, reward to support.
Hot
No comment on record. Start new comment.