by Jonathan Cook | Nov 7, 2025
Today’s decision provided the pound with some welcome relief from negative pressure. However, there was a sense that it was merely delaying the inevitable. Signs of cooling inflation and clear weaknesses in the growth outlook mean a quarter-point cut will be very much...
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by Jonathan Cook | Nov 7, 2025
It was a case of some good and some bad for sterling yesterday. The Bank of England narrowly voted to keep interest rates unchanged at 4%, although in a positive sign for borrowers, Governor Andrew Bailey stressed that he believed inflation would come down alongside...
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by Jonathan Cook | Nov 6, 2025
Wednesday’s services data put the kibosh on some of the more extreme warnings about the impact of the shutdown. The services sector’s expansion was a good sign after some less positive manufacturing data from earlier this week. EUR/USD: the past year 1 Min 5 Min 1 Hr...
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by Jonathan Cook | Nov 6, 2025
The euro is in a curious position at the moment, trading very strongly against the pound but coming under new pressure from a resurgent US dollar. As the graph below shows, you’d have to go back several years to find a better euro to pound rate. GBP/EUR: the...
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by Jonathan Cook | Nov 6, 2025
Sterling held its own for the most part on Wednesday, trading sideways against the US dollar and euro after several days of weakness. Bank policymakers have the power to shake things up this lunchtime and the pound could move substantially between now and the end of...
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