by Jonathan Cook | Mar 27, 2026
Yesterday’s GfK consumer sentiment survey from Germany rather summed up the mood in the eurozone. Consumer confidence in Europe’s largest economy fell to its lowest level in over two years as people grew worried about stagflation. The euro has weakened by about half a...
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by Jonathan Cook | Mar 27, 2026
Sterling has fallen back against safe-haven currencies such as the US dollar this week. Much of this is the result of a pretty bleak outlook in the event of a prolonged confrontation around the strait of Hormuz, along with the related assumption that the economy must...
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by Jonathan Cook | Mar 27, 2026
The game of he said, she said between the United States and Iran has currency markets on the back foot heading into the weekend. President Trump on Thursday claimed Iran was “begging” to make a deal that would end the war, although both the Iranian government and oil...
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by Ryan Morrison | Mar 26, 2026
The dollar firmed up this morning after Iran’s rejection of the peace plan reminded markets that this crisis is not ending any time soon. When geopolitical uncertainty rises, money tends to flow towards the dollar, and that pattern has been very much in play...
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by Ryan Morrison | Mar 26, 2026
The euro dipped after this morning’s German Ifo survey showed a sharp drop in business expectations, with the energy shock hitting manufacturing and construction particularly hard. The European Central Bank has started talking about the possibility of raising...
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