by Jonathan Cook | Jul 14, 2025
Sterling opened Monday on the back foot following one of the clearest indications yet that the Bank of England could cut interest rates at its next meeting. Speaking to The Times, governor Andrew Bailey highlighted “slack” in the labour market, which he...
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by Julian Benson | Jul 11, 2025
Following a week of ups and downs, the dollar ended Thursday significantly up on the pound and euro. Climbing more than 0.5% on both currencies, the dollar more than reversed it losses on Wednesday. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Jul 11, 2025
The euro had been down against the pound, but this morning’s GDP news is sending Europe’s currency climbing. While 0.5% down against the dollar, the euro has climbed 0.2% against the pound in the last hour. EUR/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Jul 11, 2025
Following a surprise 0.1% contraction in GDP, the pound was down against the dollar and euro this morning. Analysts had predicted growth in May, so the slip – which is the second month in a row – harms Chancellor Rachel Reeves’ plans for spending. GBP/USD past year 1...
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by Julian Benson | Jul 11, 2025
It was a strong day for the dollar on Thursday, growing more than 0.5% against the euro and the pound. Sterling was leading on the euro until this morning’s GDP figures revealed the UK economy shrank in May, instead of the small uptick predicted. Fresh GDP figures...
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