by Jonathan Cook | Apr 27, 2026
The US dollar ended last week on the back foot thanks to a slighter brighter geopolitical mood and weak consumer data. Although the University of Michigan’s consumer sentiment study was revised up slightly, April’s score still came in at its lowest ever reading....
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by Jonathan Cook | Apr 27, 2026
Based on recent comments by ECB policy voters, Thursday’s decision might come a little too soon for a potential hike. The pervasive sense at the moment is one of uncertainty, true for both currency markets and economists. The door remains very much open to a shock,...
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by Jonathan Cook | Apr 27, 2026
Inflation aside, last week’s economic reports were broadly positive for the UK economy. The problem is that inflation will be top of the Bank of England’s mind come Thursday. Sterling faces a high-wire act in sustaining its current strength. GBP/USD: the past year...
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by Jonathan Cook | Apr 27, 2026
Sterling faces its most significant recent threat when the Bank of England meets on Thursday lunchtime. Andrew Bailey and co struck an unexpectedly hawkish tone at the March meeting, making this decision very much a choice between a hold or a hike. Adding to the...
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by Ryan Morrison | Apr 24, 2026
This week’s big data test has now landed and the picture is much sharper than most had expected. The latest flash purchasing managers’ index (PMI) readings – the monthly surveys that track how businesses are feeling in real time – told three very different...
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