by Julian Benson | May 13, 2025
Following Monday’s early morning announcement of an agreement between China and the US to reduce their tariffs against each other, the dollar enjoyed a day of riding high against a basket of currencies. It gained more than 0.8% on the pound and 1.2% on the euro. As...
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by Jonathan Cook | May 12, 2025
The pound starts the week at its highest level in over a month against the euro – the result of steady progress last week and a string of positive developments on tariffs. As a glorious taste of summer sun shines over Smart Currency headquarters, thoughts are slowly...
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by Jonathan Cook | May 12, 2025
US dollar investors are on tenterhooks as the real negotiating begins between America and its trading partners. So far, just one country (and not even a high-volume partner at that) has agreed new terms. The US dollar will once again be heavily swayed by tariffs this...
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by Jonathan Cook | May 12, 2025
The euro spent much of last week on the back foot. That was especially true against the US dollar, although the euro generated some pushback across Friday. There isn’t much data to fall back on this week, presenting fresh challenges for the single currency. GBP/EUR:...
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by Jonathan Cook | May 12, 2025
Last Thursday’s interest rate cut by the Bank of England arguably did not provide the certainty the pound was looking for. With the vote split, markets interpreted the decision as a hawkish, cautious move. However, analysis by Deutsche Bank suggested policymakers had...
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