by Jonathan Cook | Sep 30, 2025
America’s political system is at its most dysfunctional when Republicans and Democrats are forced to work together. Amid the grandstanding, the simple fact is another shutdown would have significant consequences for the economy and the US dollar. EUR/USD: the past...
read more
by Jonathan Cook | Sep 30, 2025
The euro will be influenced by a number of inflation reads over the next two days. The European Central Bank is currently in a curious position, and with markets struggling to get a read on its thinking, this data should provide a better clue as to where it goes next...
read more
by Jonathan Cook | Sep 30, 2025
The pound moved up, down and back up again yesterday as the Labour conference kicked off. Reeves was at pains to emphasise her fiscal restraint, which certainly helped cool some heads in the bond market. It also demonstrated that sterling’s near-term future will be...
read more
by Jonathan Cook | Sep 30, 2025
UK Chancellor Rachel Reeves gave the strongest indication yet that she would raise taxes to plug the government’s spending deficit at the autumn budget. Speaking at the Labour party’s annual conference in Liverpool, Reeves again highlighted the “tough choices” the...
read more
by Jonathan Cook | Sep 29, 2025
Sterling was little changed against the euro over the course of last week, bobbing up and down by half a cent without ever really threatening to break the deadlock. The pound ended Friday still close to a two-month low – the result of several weeks of damaging...
read more
