by Jonathan Cook | Jul 29, 2025
Sterling could not build much momentum to start the week and Keir Starmer headed to Scotland in an attempt to secure a boost. With the economy seemingly moving in the wrong direction, it may take a breakthrough on trade to wipe the slate clean for the pound. GBP/USD:...
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by Jonathan Cook | Jul 29, 2025
The enthusiasm and relief that greeted Sunday’s last minute trade deal between the European Union and the United States proved fleeting on Monday. Yesterday, European exporters led a chorus of disapproval from the continent that led to a half-cent fall for the euro...
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by Jonathan Cook | Jul 28, 2025
Sterling begins the week at its lowest level against the euro since November 2023, following some rather significant news from Donald Trump’s Scottish golf resort. On Sunday, European negotiators were able to strike an eleventh-hour trade deal with the United States...
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by Jonathan Cook | Jul 28, 2025
Donald Trump again undermined the Federal Reserve last week. On this occasion, Trump probed the cost of the Fed’s office renovations in Washington during an awkward press conference with Jerome Powell. This showmanship has a cost. As PIMCO warned, currency markets are...
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by Jonathan Cook | Jul 28, 2025
Some unexpectedly hawkish comments from Christine Lagarde fuelled a second half push for the euro. With an emphasis on the medium term outlook, Lagarde did not rule out the next movement being a rate hike. That paints a vastly different picture when compared to the...
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