by Jonathan Cook | Apr 7, 2025
The pound started Monday at an eight-month low against the euro after US President Donald Trump’s package of trade tariffs caused shockwaves across the globe. Last week was one of those chaotic, unpredictable events we so often warn about. In just three days, GBP/EUR...
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by Jonathan Cook | Apr 7, 2025
Last week was bewildering for everyone, but perhaps none more so than the Federal Reserve. Jerome Powell spoke on Friday and provided similar analysis to the IMF: tariffs would be inflationary and hurt growth. The real headscratcher here is how to balance the need for...
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by Jonathan Cook | Apr 7, 2025
European leaders promised retribution for Trump’s tariffs, but that hasn’t helped the euro find solid ground. A powerful surge against the pound was tempered by a similarly vicious fall against the US dollar. A trade war is good for nobody, not least the euro....
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by Jonathan Cook | Apr 7, 2025
Sterling could do little but hope to weather the worst of last week’s storm. Wild swings dominated trading, which meant the pound was well up on its rivals on Wednesday but sunk low by Friday afternoon. It would be sensible to expect more volatility this week – the...
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by Jonathan Cook | Apr 7, 2025
US President Donald Trump’s sweeping package of trade tariffs sent sterling to its lowest level against the euro in eight months on Friday. The US dollar was able to stem its losses on the back of strong jobs data, but serious question marks remain about its economic...
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