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GBP: Interest rates fall and unemployment rises

The pound has seen a slight dip against the euro this morning, after inflation dropped to 0.8%, far below the Bank of England’s target of 2%. The retail price index has also dropped to 0% month on month. According to the Office for National Statistics, the main...


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UK inflation drops to 0.8%

The pound has had a slight tick downwards this morning after inflation fell to 0.8%, and the retail price index reached 0 month-on-month. In the eurozone, positivity over Macron and Merkel’s proposed economic rescue package has helped the euro against the pound....


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Pessimism postponed

Sterling recovered half a cent or so against the euro over the last two days and a little more against the US dollar, but the pressures on the pound are such that even this insipid recovery looks distinctly shaky. Our currency forecasts – still available and free to...


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EUR: Bundesbank warily optimistic

The euro weakened yesterday morning after the Bundesbank’s release of its monthly report, in which it said its real-time index suggests a decline of 1.9% in the economy in the week full lockdown came into place. Nonetheless, the Bank is cautiously optimistic, saying...


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