by Christopher Nye | Mar 26, 2025
There was minimal movement for sterling yesterday ahead of the Spring Statement, but some progress against the euro, where the pound has now recovered almost 1% over the past week. On Friday a busy period for data ends with Retail Sales, where a sharp drop is expected...
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by Christopher Nye | Mar 26, 2025
Inflation declined in the UK to 2.8% last month, below last month’s 3% and slightly lower than expectations. The result has weakened sterling in early trading, although the result was in line with Bank of England forecasts, if not the market’s assumption that higher...
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by Jonathan Cook | Mar 25, 2025
America made it a clean sweep of our three key jurisdictions reporting PMI data yesterday. Although this data tends to be less impactful, on this occasions it served to boost the US dollar by virtue of comparison. America’s composite (i.e. manufacturing and services...
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by Jonathan Cook | Mar 25, 2025
Although the euro lost some ground to begin the week, the worst of the volatility that marked the start of the year has now cooled. The euro has made steady progress since last month and more consumer data from Germany later in the week could help cement its comeback....
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by Jonathan Cook | Mar 25, 2025
Things could get messy later this week, but by all accounts the pound made a reasonable start on Monday. With the help of some outstanding PMI data (although not from factories, it must be said) sterling was able to forge ahead against the euro. Now comes the real...
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