by Julian Benson | Jun 27, 2025
There was significant movement in the money markets on Thursday, with the dollar dropping quickly. At one point, the dollar hit a near four-year low against the pound, and in the last week alone, it’s fallen over three cents on sterling. Looking back further, the...
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by Jonathan Cook | Jun 26, 2025
Even with the mood cautious, the US dollar’s gains have evaporated as the threat of another war fades. That trend may reverse at any moment, but its quick losses to European currencies will be a worry for those making payments in dollars. EUR/USD: the past year 1 Min...
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by Jonathan Cook | Jun 26, 2025
Donald Trump singled out Spain for its refusal to commit to the 5% defence spending pledge agreed yesterday. The president suggested this decision could influence his trade negotiations with the eurozone, which could be a drag on the euro. GBP/EUR: the past year 1 Min...
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by Jonathan Cook | Jun 26, 2025
Sterling will likely be heavily influenced by the timing of the Bank of England’s next rate cut. While the details are up in the air, keep an eye on governor Andrew Bailey for an indication of his thinking. Bailey will deliver a speech today and markets will no doubt...
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by Jonathan Cook | Jun 26, 2025
Sterling largely traded sideways against its major rivals on Wednesday as the fallout from the Israel-Iran conflict and the annual NATO summit contributed to a risk-off tone. Since Monday, GBP/EUR has strengthened by about half a cent. The pound and the euro have each...
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