by Jonathan Cook | Mar 24, 2026
There was quite a change in mood within currency markets on Monday. A day that began with apprehension over President Trump’s 48-hour ultimatum ended with relief, as he suddenly announced a five-day pause in strikes against Iranian energy infrastructure. That was...
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by Charles Purdy | Mar 23, 2026
Having spent most of March gaining on the euro, sterling reversed direction on Friday and lost most of a cent within a few hours. Will that continue today or was it simply a correction? The worry for those buying euros is that having failed to break through a...
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by Christopher Nye | Mar 23, 2026
The dollar still tends to benefit when the world feels uncertain, even when the US is a central character in the story. If markets start thinking the conflict could broaden, you can get a tug-of-war between safe-haven demand and worries about inflation being pushed...
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by Christopher Nye | Mar 23, 2026
The euro’s tone is still being pulled in two directions. On the one hand, the European Central Bank (ECB) is signalling it can’t relax yet, because higher energy prices can feed through into broader inflation. On the other, the same shock can dent growth, especially...
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by Christopher Nye | Mar 23, 2026
Sterling fell sharply on Friday against the euro, but will that continue today? The prompt seems to have been a general loss of faith in UK finances, as government borrowing costs rise and the economy remains stuck amidst sticky inflation. We’ll see how the inflation...
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