by Jonathan Cook | Apr 17, 2025
Unexpectedly strong retail sales helped the US dollar regain a little ground to its European rivals on Wednesday afternoon. However, having sunk to a more than three-year low against the euro this week, markets continue to believe that the long-term shifts made by the...
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by Jonathan Cook | Apr 17, 2025
Ahead of Easter, it’s worth taking stock of just how much ground the euro has regained since the start of the year. The euro is around five cents stronger against the pound compared to 1 January and has picked up a whopping 10 cents over the US dollar. Most of those...
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by Jonathan Cook | Apr 17, 2025
After Wednesday’s news, we won’t see any more inflation data coming out of the UK until after the Bank of England’s next interest rate decision. The Bank is widely expected to announce another cut, made possible by the fact that April’s inflation data, which will...
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by Jonathan Cook | Apr 17, 2025
The euro’s hot streak continued on Wednesday and saw it make more gains at the expense of the pound and US dollar. By the market close, GBP/EUR had fallen by half a cent and EUR/USD approached a three-year high. Falling UK inflation hampered the pound and set the...
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by Julian Benson | Apr 16, 2025
What a difference a week makes. Last Wednesday, I was writing to you about the plummeting pound in face of US president Donald Trump’s ever-increasing, ever-changing tariffs. We looked to be on the precipice of an economic event larger even than Truss and Kwarteng’s...
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