The pound recovered against the US dollar yesterday, while circling in a high holding pattern against the euro, very close once again to its 2½ year high. The aftershocks of the Trump victory continue to be felt, but…
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Jerome Powell has a famously frosty relationship with Donald Trump. He may have been more upset than most on Wednesday morning but his role requires an unflinchingly focused attention. Expect US dollar volatility around the Fed’s press conference,…
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The euro had a tough time yesterday against its main rivals. That came on the back of election news and the final results of the HCOB German PMI studies for the services sector and the composite data, which…
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The Bank of England and the Federal Reserve could cut interest rates by 0.25% today. The danger for the pound is that its lead is not followed by the Fed, resulting in a divergence in policy that looks…
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Yesterday’s election drama quickly faded into realism as currency markets pivoted to life under president-elect Donald Trump. A long night (or early morning) watching the results did not prevent focus from shifting to today’s doubleheader of interest rate…
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Sterling has recovered overnight against the euro, climbing almost back to its two-year-plus highs. Against the US dollar, the pound has lost 1% over the past few hours. To fix your rate in this period of extreme…
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Donald Trump is all but certain to become the next US president after broadcast networks projected his victory in several battleground states. Counting is still ongoing in many areas but all the maths points to a stunning (and…
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The voting is over but that is only half the story for the US dollar. After all the talk, currency markets can be almost certain of a Trump win and are now able to plan accordingly. Trump’s apparent…
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