by Christopher Nye | May 23, 2025
There were gains almost but not quite across the board yesterday for the US dollar – the single holdouts being sterling and the ‘loonie’, as the Canadian dollar is nicknamed. Federal Reserve chair Jerome Powell will be speaking on Sunday, but the most notable data...
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by Christopher Nye | May 23, 2025
It was a day of declines for the single currency yesterday, losing around 0.45% against both the pound and US dollar. We have just had a result for German GDP, which grew at a revised 0.4% in the first quarter of 2025. The data resumes on Tuesday with German Consumer...
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by Christopher Nye | May 23, 2025
The pound strengthened yesterday against the euro by around 0.4%, taking it back to the point it’s been at since early April. Monday is a Bank Holiday in the UK, but in truth there is little to excite the markets this week. The next data of note is house prices from...
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by Charles Purdy | May 23, 2025
Sterling has continued at its current strong level for two working weeks now, at a three-year high against the US dollar and a six-week high against the euro. The last 24 hours have seen some movement for GBP/EUR, with swings of around half a cent, but overall the...
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by Jonathan Cook | May 22, 2025
With President Trump’s “big, beautiful” tax bill sputtering its way through Congress, the US dollar has slipped as markets fret about the issue of twin deficits, i.e. both a spending and a trade deficit. Pressure is growing in the bond market and investors are looking...
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