Category: YeartoDate
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HSBC: What’s next for GBP after its resilience year-to-date?
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GBP/USD Daily HSBC analyses the factors behind sterling’s strong performance in 2024 and discusses potential challenges ahead. While the currency has been resilient due to rising interest rates, HSBC warns that the outlook may not remain favourable, especially with further rate cuts expected from the Bank of England. Key points:…
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Elon Musk’s Tesla recoups all its year-to-date losses
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Tesla’s boldness is back. A few months ago, Elon Musk’s company was the butt of every Wall Street joke, a growth stock that, as Wells Fargo put it, wasn’t growing. Pundits began to wonder why anyone still included it among the “magnificent seven” companies after Tesla ranked behind all 499…