by Charles Purdy | May 16, 2025
Sterling recovered to its strongest position for six weeks against the euro yesterday, while maintaining its strength against the US dollar, following better than expected economic results. Gross Domestic Product (GDP) grew by 0.7% in the first quarter of 2025, a...
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by Jonathan Cook | May 15, 2025
The US dollar has been unable to capitalise on recent softening in the trade war. Despite a minor bounce, markets are playing it cool ahead of today’s comments from Jerome Powell. As highlighted by Deutsche Bank yesterday, a combination of government policy and...
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by Jonathan Cook | May 15, 2025
As other nations push and shove to get to the front of the queue, the eurozone is taking a different approach to trade negotiations. Yesterday, Reuters reported that the bloc was confident its size could give it an edge and allow it to negotiate a more complete set of...
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by Jonathan Cook | May 15, 2025
Sterling shed some value to its rivals yesterday ahead of this morning’s big growth report. Despite some softness in recent employment figures and a cut to interest rates, cautious words from the Bank of England helped limit those losses to below half a cent. GBP/USD:...
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by Jonathan Cook | May 15, 2025
Initial data showed the British economy grew by 0.7% in the first three months of 2025, its strongest performance since the same period in 2024. The annualised growth rate registered 1.3% in Q1, modestly exceeding the majority of forecasts. GBP/EUR was unmoved in...
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