by Jonathan Cook | Jul 7, 2025
Last week’s sharp increase in gilt yields (plus the additional spending that came with the revised welfare bill) has stretched the government’s budget to breaking point. In lieu of tax cuts, the only real solution for the government is to bolster the Treasury by...
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by Jonathan Cook | Jul 7, 2025
Sterling weakened by over a cent against the US dollar and the euro over the course of last week, with events coming to a head on a remarkable day of drama in financial markets and Westminster. The bond market’s tantrum has now seemingly passed (until the next time),...
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by Jonathan Cook | Jul 7, 2025
America’s Independence Day meant markets were closed to end the week across the Atlantic. But Republicans were able to finally celebrate the passing of the massive One Big, Beautiful Bill act. History and the US dollar may be a little less generous in their...
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by Christopher Nye | Jul 4, 2025
It was a quiet day for the dollar yesterday as Trump celebrated passing the tax and spending bill that was the cause of his falling out with Elon Musk. There’s no data today due to Independence Day, but the main event of next week will be the minutes of the last...
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by Christopher Nye | Jul 4, 2025
It was a quiet day for the euro with a small loss against sterling and the USD but gains on some of the other safe havens such as the yen and Swiss franc. There’s not a great deal of data for the markets to chew on in upcoming days. EUR/USD past year 1 Min 5 Min 1 Hr...
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