The pound edged higher after UK labour data exceeded expectations. However, traders doubt that a Brexit deal would be reached at an EU summit this week, limiting the sterling’s gains.
The dollar recovers on Friday against its major traded rivals despite Trump’s comments on Fed, which is not unusual anymore, and an equities sell-off.
The dollar extended its losses on Thursday against its major traded rivals. Data showed domestic consumer prices grew less than analyst forecasts in September.
Sterling climbed to a new 3-1/2-month peak against the euro and added to gains versus the greenback on Brexit deal hopes.
Bear is an investor who believes that prices/ the market will decline. Bear Market is a market characterized by a prolonged period of declining prices and widespread pessimism.