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GBP: Cost pressures mount at home

The pound is struggling against a strong dollar, weighed down by safe-haven flows into the US currency. Domestically, the combination of higher employer costs from the new tax year and an economy that is barely growing leaves sterling vulnerable. The Bank of England...


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Trump speech sends oil surging again

Remember yesterday’s optimism? It didn’t last long. On Tuesday, markets rallied on growing hopes that the US and Iran were edging toward a ceasefire. By Wednesday morning, those hopes were in tatters. The turning point was Donald Trump’s primetime...


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GBP: A costly start to April

Sterling is under pressure from two directions at once. At home, the new tax year has arrived with a raft of cost increases for businesses – from higher national insurance to the loss of rates relief – and UK factory costs are rising at their steepest rate since late...


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EUR: Rate rise talk gets louder

Eurozone inflation jumped to 2.5% last month, up sharply from 1.9% in February, driven almost entirely by soaring energy costs. While the headline number came in below the worst forecasts, several European Central Bank policymakers have started publicly talking about...


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