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Politics takes centre stage

Two key political events on either side of the Atlantic have raised the temperature for the pound and the US dollar. Last night, it was President Trump’s state of the union address to Congress that caught the attention of markets. Tomorrow, focus will shift to the...


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USD: 150 days of uncertainty

The US dollar weakened against a basket of rival currencies on Monday. A main factor in its recent slump has been the lack of clarity around tariffs. The president’s 15% workaround will last a maximum of 150 days, at which point Congress will be allowed to weigh in....


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EUR: Survey points to growth ahead

Yesterday’s German Ifo business climate survey should put some wind in the euro’s sails. With that key datapoint reaching its highest level since August, the numbers suggest the German economy is growing at roughly 0.4% to start the year, according to research from...


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GBP: Feeling the heat

Sterling faces a tricky week this time out. Number 10 was unusually forceful in its language around American trade tariffs yesterday, which could well have an outsized impact on the UK economy. There’s also the little matter of the Gorton & Denton by-election to...


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Will the UK be the big loser from tariffs?

Donald Trump’s tariff agenda looks set to dominate another week in currency markets. Although sterling strengthened slightly against its main rivals to start the week, there was a sense that the latest twist in the trade war could come back to haunt Britain. That’s...


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