Daily Global Market Update

Pound-Dollar's Recent Performance

The pound dropped by 0.8% against the dollar in the last session. The MACD is giving a negative signal.

Bitcoin's Modest Gain

Bitcoin rose by 0.3% against the dollar in the last trading session. The MACD is giving a negative signal.

Oil-Dollar Pair's Decline

The oil-dollar pair plummeted by 2% in the last session. The Stochastic indicator is giving a positive signal.

AUD/USD Pair's Decline

The AUD/USD pair fell by 0.7% in the last session. The ROC is giving a negative signal.

Global Financial Headlines

Crypto.com has surpassed Coinbase Exchange in trading volume, boosted by a growing list of institutional clients and the launch of the first spot Ether exchange-traded funds in the United States. Crypto.com saw a 23% increase in reported 24-hour trading volume, rising to $3.16 billion on August 1st. The Bank of England cut interest rates from a 16-year high after a tight vote by its policymakers, who were split over whether inflation pressures had eased sufficiently. Governor Andrew Bailey led the 5 to 4 decision to reduce rates by a quarter point to 5% and said the BoE would move cautiously going forward. Oil prices settled more than $1 lower as global supply seemed largely unaffected by worries of a wider Middle East crisis after the killing of a Hamas leader in Iran and as investors refocused on demand concerns.

Upcoming Economic Highlights

Here's a brief rundown of today's anticipated economic releases:

• French Industrial Output - 0645 GMT

• French Non-Farm Payrolls - 0645 GMT

• US Average Hourly Earnings - 1230 GMT

• Australia's Producer Price Index - 0130 GMT

• Japan's CFTC JPYNC Net Positions - 1930 GMT

• UK's CFTC GBPNC Net Positions - 1930 GMT