by Jonathan Cook | Jan 27, 2025
Friday’s mixed data raised the stakes for the Bank of England. Markets still believe it will opt to cut rates but that decision has been made a lot less certain. Sterling will be bracing for volatility ahead of the decision next week. GBP/USD: the past year...
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by Jonathan Cook | Jan 27, 2025
Sterling enjoyed a strong end to last week, climbing by 1% against the US dollar over the course of Friday. EUR/USD rose to its highest level this year as GBP/EUR strengthened slightly in a more balanced session. January’s preliminary data from the S&P UK PMI...
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by Christopher Nye | Jan 24, 2025
It’s not been a good week for those who want to downplay the significance of Trump, with the price of oil and the dollar (US and Canadian) falling in response to his comments. However, stocks, coal and crypto are up. Turning to the actual data, there will be PMI this...
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by Christopher Nye | Jan 24, 2025
It’s been a mixed week for sterling, with overall gains against major currencies such as the US and Canadian dollars and Swiss franc. We will shortly get a flash reading for the Purchasing Managers’ Index (PMI). GBP/USD past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...
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by Christopher Nye | Jan 24, 2025
There was a strong recovery against the US dollar this week, taking the past month close to even. We will get more PMI data soon, notably on German manufacturing – how low can it go? – and then the Ifo Business Climate report on Monday. EUR/USD past year 1 Min 5 Min 1...
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