by Jonathan Cook | Jul 17, 2025
Headline inflation reaching an 18-month high in June was undoubtedly a setback for the UK economy. However, with growth stalling and the labour market buckling, there may be enough in the numbers to convince the bank it still needs to cut at its August meeting....
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by Jonathan Cook | Jul 17, 2025
The UK’s unemployment rate increased from 4.6% to 4.7% in the three months to May, the highest level since July 2021. Average earnings (both including and excluding bonus payments) increased at a rolling three-month average of 5% – slightly below expectations. This...
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by Julian Benson | Jul 16, 2025
What a difference a day makes. On Monday, Bank of England Governor Andrew Bailey spoke to The Times about interest rates, saying he “believe[s] the path is downward”. The only things that could get in its way would be inflation and growing unemployment. Well, this...
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by Julian Benson | Jul 16, 2025
The dollar was up significantly on the pound and euro on Tuesday, climbing 0.25% on the former and 0.5% on the latter. The backdrop for the rise looks to be the news that US inflation jumped 0.3% in June, making a Fed interest rate cut even more unlikely. USD/GBP past...
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by Julian Benson | Jul 16, 2025
The euro lost out on Tuesday, falling 0.5% against the dollar and 0.25% against the pound. Those climbs could be driven by traders moving to anticipate a US interest rate hold, and the impact of Trump’s proposed 30% trade tariff on the EU. EUR/USD past year 1 Min 5...
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