Global Stock Markets Stay Steady

Forex News

Stock indexes in Europe and the US remain stable against the backdrop of a lack of economic news. This week, the US Federal Reserve raised the base interest rate by 25 basis points, and forecasts another increase by the end of the year.

The British pound has strengthened against the US dollar and the euro, due to yesterday's vote on the interest rates of the Bank of England. Nevertheless, the pound's rise against the dollar was limited around 1.28, reflecting the fact that political uncertainty in the UK continues to affect the currency.