by Jonathan Cook | Apr 14, 2026
The pound strengthened sharply yesterday against a US dollar in retreat as a ‘risk on’ mode seemed to take hold of the markets. It followed confusion over the supposed deal between the US and Iran, as the United States began a naval blockade of the Strait...
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by Christopher Nye | Apr 13, 2026
Sterling starts the week clinging to the gains it made on the US dollar last week and well above the average of the past year. Against the euro it has barely moved over the past nine months and is right on the post-Brexit average. But is that stability about to end?...
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by Christopher Nye | Apr 13, 2026
The dollar is doing what it usually does when the world looks twitchy: it attracts demand. The blockade threat is the kind of event that makes investors reduce risk and move into liquid, defensive positions. Still, it’s not a one-way street. The US is at the centre of...
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by Christopher Nye | Apr 13, 2026
The euro has been relatively steady, helped by the fact that the oil story is global rather than euro-specific. Recent trade data out of Germany has also been a reminder that parts of the eurozone economy can still surprise on the upside. We’re getting final inflation...
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by Christopher Nye | Apr 13, 2026
Sterling drifted lower at the end of last week as the market went back to pricing the Middle East first and everything else second. At home, the economic backdrop hasn’t exactly been cheering anyone up. Recent business surveys have pointed to fading momentum and...
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