by Jonathan Cook | Apr 9, 2026
Also supporting the US dollar was an indication from the Federal Reserve that it was increasingly open to interest rate hikes. In keeping with many other central banks, the Fed seems to be closely monitoring the impact of the war in the Middle East, standing ready to...
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by Jonathan Cook | Apr 9, 2026
Germany’s trade surplus narrowed slightly to €19.8bn in February. The figures surprised to the upside after January’s slow trade data, with exports and imports surging by 3.6% and 4.5% respectively month-on-month. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Jonathan Cook | Apr 9, 2026
Wednesday reversed quite a long streak of poor returns for sterling. The pound strengthened by almost two cents against the US dollar as part of a broad dollar weakness. At the same time, government borrowing costs fell as traders bet the economic pain from the Middle...
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by Jonathan Cook | Apr 9, 2026
Currency markets begin Thursday on the back foot after cracks appeared in the two-week Middle East ceasefire less than 24 hours after it was announced. The US dollar recovered some of Wednesday’s losses, gaining close to a cent over the pound and euro. Sterling...
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by Jonathan Cook | Apr 8, 2026
The world breathed a sigh of relief this morning as Donald Trump’s extraordinary threat to wipe out Iranian civilisation proved unnecessary. Instead, the United States and Iran agreed a two-week ceasefire that would reopen the Strait of Hormuz and (in theory, at...
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