by Charles Purdy | Mar 21, 2025
A busy week on the currency markets has seen a blizzard of high-impact data and several interest rate decisions. The markets – and central banks – are clearly uncertain on the state of the global economy and whether to boost growth or bear down on inflation. In the...
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by Jonathan Cook | Mar 20, 2025
The US dollar regained some momentum on Wednesday as traders looked to Jerome Powell and co to make sense of the last few months. After last night’s decision, the next key date comes in early April when Trump’s latest batch of tariffs are schedule to come into place,...
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by Jonathan Cook | Mar 20, 2025
Rival currencies are starting to apply some light pressure to the euro after its recent success. The pound rose by the best part of 0.5% against the euro yesterday, while the US dollar reclaimed some ground with the help of the Federal Reserve’s evening engagements....
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by Jonathan Cook | Mar 20, 2025
The pound is braced for the Bank of England’s decision today, an event likely to provide a sizeable dollop of volatility. Unlike at the last meeting, when all nine Bank members voted to cut rates, it doesn’t seem likely we’ll get a consensus vote this time. Seven of...
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by Jonathan Cook | Mar 20, 2025
Unemployment in the UK was unchanged from the month prior at 4.4% in January. This sets the scene for the Bank of England’s interest rate decision this afternoon. Bank members are expected to keep interest rates at 4.5% and caution against quicker cuts as price rises...
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