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 similar gains against the US dollar. Existing US dollar weakness was...
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by Christopher Nye | Feb 14, 2025
It was an entirely negative day for the US dollar, with drops of around 1% against most major currencies including the pound. This afternoon we will get retail sales data, then on Monday the markets are closed for George Washington’s birthday. USD/GBP past year 1 Min...
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by Christopher Nye | Feb 14, 2025
The euro also had a positive day against the US dollar yesterday, strengthening by around 0.75%. There was little movement elsewhere, but we will shortly get the eurozone’s GDP result – a potential sting in the tail for the week. EUR/USD past year 1 Min 5 Min 1 Hr 1...
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by Christopher Nye | Feb 14, 2025
Against a basket of currencies the pound has gained close to 2% since mid-January and a little more over the past year. The GDP result will certainly have helped, and next week we have more high-level data, with unemployment and earnings on Tuesday and inflation on...
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by Charles Purdy | Feb 14, 2025
Sterling leapt to its best level of 2025 against the US dollar yesterday, after greater than expected growth in the UK economy. Gross Domestic Product (GDP) for December showed 0.4% growth, taking the quarterly number into the positive, albeit only just. That takes...
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