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USD: Key week for haven status

This afternoon’s JOLTs job openings data is a crucial moment for the US dollar. In fact, the entire week presents risks to the US dollar’s safe haven status, with retail sales, unemployment data and a manufacturing report providing a timely health check on the...


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EUR: A sign of things to come?

Germany was the first major economy to report inflation data for March, when the war in Iran broke out. Headline consumer price inflation increased by an annualised 2.7%, far above the 1.9% recorded in February. Italy, France and the Eurozone are also expected to...


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GBP: Borrowing costs ease

There hasn’t been much to cheer for sterling sellers lately, but an easing in government borrowing costs contributed to a calmer session on Monday. After approaching a post-2008 high, bond yields have fallen as traders trim the number of interest rate hikes they see...


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Petrol hits 28-month high on supply crunch

Petrol prices at UK service stations hit their highest level since late 2023 on Monday as the crisis in the Middle East continued to dominate proceedings. According to the RAC, the average petrol price has now topped 152 pence per litre, adding to the economic strain...


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Sterling stays strong but risks mount

Sterling against the euro continues to be largely unaffected by war in the Middle East, despite it sending the oil price to $115 per barrel at the start of this week, some 40% up on a month ago. GBP/EUR has drifted a little lower over the past week but remains close...


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