by Jonathan Cook | Feb 6, 2025
Bank of England members will be in the spotlight today for what is projected to be a near-unanimous (eight to one) vote for a rate cut. Even relatively sure decisions can lead to currency volatility, however, and the margin of the vote could boost or puncture the...
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by Charles Purdy | Feb 5, 2025
Sterling held onto most of its recent gain against the euro yesterday, maintaining a position not far its best in recent years and nearly 2.5% up on last year. Against the US dollar, the pound has gained close to 2% over the past two days, although it is still more...
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by Christopher Nye | Feb 5, 2025
There were mild losses today for the dollar as evidence mounted of a worsening labour market. We’ll get more on that from the highly-influential Non-Farm Payrolls report on Friday.
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by Christopher Nye | Feb 5, 2025
It’s been a gritty comeback for EUR/USD so far this week, but in the context of it being close to its lowest for 2½ years. There are final results for PMI across the eurozone today, so has the mood improved or worsened in Europe’s business world? We will see later...
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by Christopher Nye | Feb 5, 2025
The pound has been strengthening against most major currencies this week. We will get a reading for new car sales and Services PMI shortly, but the main event of the week still looks likely to be the BoE’s interest rate decision tomorrow.
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