The euro fell after data showed business activity in the euro area hardly grew in February. The dollar remained on course for its longest weekly losing streak since September. EUR/USD drops as much as 0.3% to 1.0468; it fell to a fresh day low after French composite PMI data came in below forecasts and held losses following PMI data out of Germany. Investors added to bets on European Central Bank interest-rate reductions. Money markets are now pricing 78 basis points of easing this year compared with 74 basis points on Thursday. Bonds held gains, with the German 10-year yield three...
Gold prices fell on Friday but were set for an eighth straight week of gains on the back of two consecutive record highs, as safe-haven demand remained strong amid concerns about U.S. President Donald Trump's tariff plans. Spot gold shed 0.4% to $2,926.54 an ounce by 0945 GMT. Bullion has gained around 1.5%this week after rising to a record $2,954.69 on Thursday. Source: Reuters
The Pound Sterling (GBP) rises against its major peers, except the US Dollar (USD), on Friday after the release of robust United Kingdom (UK) Retail Sales data for January. The Office for National Statistics (ONS) reported that Retail Sales, a key measure of consumer spending, rose at a robust pace of 1.7% in the month after contracting by 0.6% in December, revised lower from -0.3%. Economists expected the consumer spending measure to have grown at a moderate pace of 0.3% Year-on-year Retail Sales rose by 1%, beating the estimate of 0.6%, but remained lower than the 2.8% growth seen in 12...