by Jonathan Cook | Oct 23, 2025
News that the UK’s headline inflation rate unexpectedly held steady at 3.8% was enough to cause an about-face in interest rate forecasts. Economists and investors changed their tune fast – across the course of a few hours, in facts – predicting September’s figure...
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by Charles Purdy | Oct 22, 2025
UK inflation has just been revealed to have stayed stable at 3.8% in September. The impact on exchange rates was to send the pound into an immediate tailspin. It is currently around 0.5% down on the US dollar and 0.25% down on the euro since yesterday. Although...
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by Christopher Nye | Oct 22, 2025
The charts may all have been green for the US dollar yesterday but the gains were not huge as an abnormally unresponsive period continued, against the euro and sterling at least. On Friday we will get the latest inflation data for the...
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by Christopher Nye | Oct 22, 2025
It’s been a negative week or so for the euro and that continued yesterday, although it has since been reversed against the pound. We’ve got ECB president Christine Lagarde talking this evening, but it’s all pretty quiet until the PMI readings on...
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by Christopher Nye | Oct 22, 2025
There was little movement yesterday for the pound as the long run of stability continued. But this morning’s inflation result caused an immediate sell-off, and there is plenty more data coming down the track in the days...
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