President says tariffs not to blame for falling GDP

The US economy contracted by an annualised rate of 0.3% in the first quarter of 2025. This marked the first quarter-on-quarter GDP slowdown since the start of 2022 and represented a sharp fall from the 2.4% growth recorded the previous quarter. Despite this, President...


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Pound strong but UK house prices fall

Pound strong but UK house prices fall

The pound has been flying high over the past few days, with a 1%-plus improvement against the euro and three-year high against the US dollar. It is largely clinging on to those gains despite the increasing possibility of the Bank of England not just cutting interest...


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Sterling risk as BoE ponders rate cut acceleration

The pound has been flying high over the past few days, with a 1%-plus improvement against the euro and three-year high against the US dollar. However, this is despite the increasing possibility of the Bank of England not just cutting interest rates by 25 basis points...


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GBP: Pound holds its place

A mixed day for sterling saw no great advance on this week’s 1% gain on the euro but the best for GBP/USD since early 2022. There are some mortgage numbers coming out tomorrow but we’re in a fallow period for data...


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EUR: Markets parse eurozone data

A calm day on the markets saw the single currency treading water. This was despite a slew of industrial data yesterday, which continues today with French and German inflation and GDP. If the markets are still where they are now by end of day it will be a...


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