by Jonathan Cook | Jul 21, 2025
The pound is straining to generate momentum to begin the week after a pair of disappointing economic releases raised the stakes for the Bank of England’s next meeting. Sterling weakened by half a cent against US dollar across last week and traded sidewards against the...
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by Christopher Nye | Jul 18, 2025
It was a strong day for the dollar following hawkish comments from a US Federal Reserve policymaker. We’ve got some housing data coming out of the USA today, plus the Consumer Sentiment Index from The University of Michigan. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Christopher Nye | Jul 18, 2025
Although the single currency has broadly strengthened this week, with more than a 1.5% gain on the Scandinavian currencies, the fall against the US dollar is the bigger story, at 0.5% yesterday and 1% over the week. There is little data to excite the markets today....
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by Christopher Nye | Jul 18, 2025
The pound gained up to 0.5% against most other currencies yesterday following the announcement of further above-inflation pay rises in the UK, even as unemployment hit 4.7%. It’s the end of a long period of influential data and things quieten down now, until PMI on...
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by Charles Purdy | Jul 18, 2025
Good news for wage earners yesterday could be bad news for mortgage holders, as a strong rise in wages of 5% – far outstripping even the sharp rise in inflation announced on Wednesday – continues to put an interest rate cut in early August in doubt. The wages news...
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