This morning’s news that the UK economy shrunk in April by 0.1% had been predicted by the market but will nevertheless have disappointed an already beleaguered Chancellor of the Exchequer after last month’s surprise expansion. Yesterday’s resignation by…
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Sterling has spent the week holding its ground, firm against the euro and steady against the dollar, and on a morning like this that is the surprising part. When the pound sits still while everything around it lurches,…
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Sterling starts Wednesday within a whisker of its strongest level against the euro since last summer,.
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Sterling endured a rocky start to the week yesterday thanks to some choppy movements in currency markets, where the mood spun from risk-averse to risk-on in the space of just a few hours.
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Last week’s big event fell late on Friday with a stonking result for Non-Farm Payrolls in the USA, far ahead of expectations and strongly supporting a call for interest rate rises from the Fed this year. Higher rates…
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It’s been another week of the pound trying to break above the narrow band it’s been in for nearly a year but being dragged back. Even so, GBP/USD remains well above the four-month lows it touched in April…
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The pound has drifted into the back half of the week, a little softer against a strong dollar and barely moving against the euro. That stillness is deceptive. The real story this week is not where the currencies…
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Sterling begins Wednesday having modestly strengthened against the euro and the US dollar since the start of the week. The pound's performance would have been more positive had it not been for another round of confrontation between the…
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