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GBP: Rate cuts back in the spotlight

The pound slipped against both the euro and the dollar after this morning’s growth figures came in below expectations. With the Bank of England already split 5–4 on rates last week – far more dovish than anyone predicted – a weak GDP number hands the...


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EUR: Quietly outperforming

The euro is steady near recent highs against the dollar and gained ground on sterling after the GDP miss. Eurozone growth actually outpaced the UK in the fourth quarter, inflation has cooled to 1.7% – comfortably below target – and the ECB looks in no rush...


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Sterling slips on soft GDP

It was supposed to be a small step forward. Instead, this morning’s GDP figures showed the UK economy barely moved in the final quarter of last year. Growth came in at just 0.1% – half what most economists had pencilled in – and capped a second half...


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Sterling stumbles on

A defiant Sir Keir Starmer vowed yesterday to “never walk away from the country I love” after a damaging political crisis that has wiped more than 1% off the pound to euro rate since this time last week. As the fallout from the Peter Mandelson affair rumbled on, the...


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