by Jonathan Cook | Jan 7, 2025
GBP/USD recovered the losses it has recorded since the start of the year yesterday. Unlike the euro and the US dollar, sterling must wait until next Wednesday (15 Jan) for its first macroeconomic release of note, which comes in the form of December’s inflation report....
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by Jonathan Cook | Jan 7, 2025
The euro had its best day in quite some time on Monday, fuelled largely by reports that US president-elect Donald Trump is considering softening his policy on trade tariffs. GBP/USD also advanced by more than half a cent over the course of the day. Increased consumer...
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by Charles Purdy | Jan 6, 2025
Over the Christmas and New Year period the pound has been stable against the euro, while dropping about 2% against the dollar since early December. The question for the start of this year is whether the pound will stay strong against the euro as the Bank of England...
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by Julian Benson | Jan 6, 2025
After the dollar’s dramatic climb against the euro and the pound on Thursday, the European currencies only made negligible gains going into the weekend. After the markets reopened on Thursday, USD climbed by almost 1% against both GBP and EUR, to an eight-month high...
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by Julian Benson | Jan 6, 2025
After significant losses against USD when the markets reopened on Thursday, GBP has begun a slow claw back of lost ground. Later this morning, we’ll get a final result for Services PMI, and tomorrow more retail sales and house price...
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