GBP: Jobs data sends pound tumbling

Driven by figures showing increased unemployment and a shrinking jobs market, Tuesday began with the pound’s exchange rate rumbling against the dollar and euro. It recovered against the dollar through the day, but remained 0.35% behind the euro. GBP/USD past year 1...


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Pound takes tumble ahead of UK spending review

After a quiet Monday, Tuesday began with a tumbling pound. Responding to fresh jobs data, which showed rising unemployment and fewer open positions across the country, traders sold the pound in favour of euros and dollars. In the space of an hour, the pound dropped...


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USD: Time pressure on trade deals increasing

The dollar saw marginal gains on the pound and euro on Monday, up 0.2% and 0.1% respectively. However, behind those increases is a growing pressure for the US to strike trade deals, as the end to the 90-day pause on its tariffs is looming on the horizon. USD/GBP past...


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EUR: Seemingly stable after interest rate cut

The euro last a little ground to the dollar and climbed a little on the pound, but it was largely stable on Monday. With last week’s inflation data and interest cut behind it and no major data releases until Friday, the euro appears calm. EUR/USD past year 1 Min 5 Min...


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