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Definition
A decline in price of a currency due to economic changes.
Depreciation
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Related Terms
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An index that measures the change in price of a representative basket of goods and services such as food,...
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London Session Recap: Not-So-Hawkish BOE Slaps GBP Lower, NZD & CHF Demand Notable
The pound got hit by bearish pressure during the morning London session, thanks to not-so-hawkish comments from a bunch of BOE officials, including BOE Guv’nah Carney.
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The pound was under the spotlight during the morning London session. And unfortunately for pound bulls, the pound got a bearish kick after the BOE failed to provide any hawkish surprises.
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There were no top-tier reports printed during the Asian session, so market players focused on the upcoming meeting between the U.S. and China.
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Top Market Movers of the Week (Oct. 30-Nov. 3, 2017)
Despite a ton of reports and events, directional movement wasn’t really very strong this week. Still, it’s worth mentioning that NZD came out on top while GBP was at the bottom of the forex heap.
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