- The Bank of England hiked interest rates by 0.25% to 0.5%, meeting expectations. Four of the nine central bankers voted to lift rates by 0.5%. EUR/GBP falls to a two-year low.
- The NASDAQ 100 is under pressure as Facebook shares tumble by 20% following disappointing quarterly results. The social media giant confirmed that quarterly daily active users fell for the first time on record. US and European equity markets are down.
- The US dollar rises following three days of losses. EUR/USD is in the red as the European Central Bank kept rates on hold at 0.00%, meeting expectations.
- Silver is lower due to the wider risk-off sentiment int the markets, and the higher US dollar is hurting silver too.
Economic and fundamental developments 03-02-2022 US session
3 Feb 2022 03:31 PM
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