Forex News and Rumors

Pound Suffers Largest Percentage Drop Since 1992

The pound seems to have stabilized somewhat today after losing 5.2% against the dollar yesterday, marking its greatest single-day percentage loss since 1992. More

RBA Rate Cut Boosts Aussie Dollar

The Royal Bank of Australia lowered interest rate by one percentage point to 4.25 percent. This marks the fourth cut since September as the Australian economy struggles in the face of weaker demand for its exports. More

UK Construction Continues to Shrink

The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction index shows that construction in Britain declined at a pace not seen in ten years with the index falling from 35.1 on October to 31.8 in November. An index under 50 indicates that the sector is shrinking. More

Oil Falls to Below $48 a Barrel

Trading in London for January delivery of Brent Crude fell 54 cents to $47.43 – the lowest price since 2005. More

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.