by Jonathan Cook | Jul 28, 2025
Donald Trump again undermined the Federal Reserve last week. On this occasion, Trump probed the cost of the Fed’s office renovations in Washington during an awkward press conference with Jerome Powell. This showmanship has a cost. As PIMCO warned, currency markets are...
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by Jonathan Cook | Jul 28, 2025
Some unexpectedly hawkish comments from Christine Lagarde fuelled a second half push for the euro. With an emphasis on the medium term outlook, Lagarde did not rule out the next movement being a rate hike. That paints a vastly different picture when compared to the...
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by Jonathan Cook | Jul 28, 2025
June’s glorious weather boosted retail sales by 0.9%, but that came in below the majority of forecasts from economic experts. Combined with falling consumer confidence, a less economically productive spell of good weather consigned the pound to another losing week...
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by Jonathan Cook | Jul 28, 2025
European negotiators struck an eleventh-hour trade deal with the United States this weekend that will reduce the charges levied on a wide range of goods to 15%. The deal is similar in structure to the recent agreement with Japan, except it requires the European Union...
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by Christopher Nye | Jul 25, 2025
Another good day for the dollar, with modest gains almost all round, with the Chinese yuan being the exception. Coming up this afternoon, UDS Durable Goods Orders, with a major decline expected. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For...
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