GBP: A test of mettle

Sterling regained some momentum yesterday, but the focus now shifts to what feels a key pair of reports. This morning’s manufacturing and services industry data for July – coming courtesy of S&P – should shed some light on both hiring and production in the UK...


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Pound rises amid welcome wave of calm

Sterling enjoyed a positive Wednesday, posting daily gains over both the euro and the US dollar despite the galvanising impact the US-Japan trade deal had on American markets. Meanwhile, rumours of progress in trade talks between the European Union and the Trump...


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UK Chancellor declares “age of insecurity”

UK Chancellor declares “age of insecurity”

Following a year of on again, off again trade tariffs, rising unemployment, and flatlining GDP, UK Chancellor Rachel Reeves has announced that we’re living in an “age of insecurity”. Reeves made the declaration just hours after the Office for National Statistics...


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USD: Trade agreements bolster markets

After months of negotiations, US trade deals are finally emerging. Yesterday, agreements were reached with Japan, Indonesia and the Philippines. The value of the dollar dropped 0.4% against the pound and euro in response, though that appears to be reassured traders...


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EUR: Europe prepares US pushback

The euro also saw 0.4% gains on the dollar while staying level with the pound, a sign it was the dollar slipping instead of the euro climbing. France and Germany are preparing to retaliate against US tariffs if they come in at their proposed 30% level on August 1....


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