by Jonathan Cook | Feb 18, 2025
Unemployment in the UK was unchanged month-on-month at 4.4% in December, avoiding the painful increase in joblessness that many economists had predicted. Average earnings meanwhile rose as expected to a three-month average of 6% including bonuses and 5.9% without...
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by Jonathan Cook | Feb 17, 2025
Sterling benefitted from unexpectedly positive GDP numbers (plus a notably weaker US dollar) to end last week on a high. In just one week, GBP/USD gained almost two per cent while the euro also made gains against the US dollar. The pound is still around its highest...
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by Jonathan Cook | Feb 17, 2025
January is rarely the retail sector’s strongest month but this year was worse than most. A huge 0.9% decline in monthly sales consigned the US dollar to its worst weekly performance of 2025. A plunging dollar will look to start stronger this week but a reappraisal of...
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by Jonathan Cook | Feb 17, 2025
The euro batted back the pound and zoomed upwards against the US dollar last week. Given many analysts had predicted EUR/USD would soon reach parity, that showing was a timely reminder of the single currency’s ability to weather the storm. GBP/EUR: the past year 1 Min...
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by Jonathan Cook | Feb 17, 2025
Last week’s better than expected economic growth numbers were a huge help for sterling. However, few economists see it changing the UK’s outlook. Only sustained, solid growth numbers will help it to navigate the rough and choppy waters of a second Trump presidency....
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