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USD: Markets thrill to Fed’s hawkish turn

A sea of bright green on the charts for the US dollar this week as the minutes of the Fed’s latest interest rate meeting showed so little appetite to pause the battle against inflation until they are sure it’s defeated. So it will be all eyes on the personal...


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EUR: Euro losing out to dollar

Another mixed week for the single currency has seen losses to USD and the commodity backed currencies like the Norwegian krone and Aussie dollar but gains on sterling and the yen. We’ve got some business mood readings coming up, starting with PMI today and continuing...


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GBP: Sterling looks forward to quieter week

The pound had been on the retreat all week, although the losses against the euro amount to little more than half a cent since Monday night. This morning’s small boost from the latest retail sales and government borrowing data at least reverses the direction for a...


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Shoppers and taxpayers boost sterling

Shoppers and taxpayers boost sterling

The Great British public has come to sterling’s aid this morning. Data released at 7am today showed that we were returning to the shops in our droves in January and paying our self-assessed taxes on time. Sterling has had a bounce upwards in response. To be fair, the...


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USD: Fed hawks lift dollar

The dollar has emerged as the week’s strongest performer after the Federal Reserve indicated that the era of high interest rates may not be over. This hawkish surprise has pushed US borrowing costs upward and solidified the dollar’s lead against most major...


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