by Christopher Nye | Feb 5, 2025
The pound has been strengthening against most major currencies this week. We will get a reading for new car sales and Services PMI shortly, but the main event of the week still looks likely to be the BoE’s interest rate decision...
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by Christopher Nye | Feb 5, 2025
Sterling held onto most of its recent gain against the euro yesterday, maintaining a position not far its best in recent years and nearly 2.5% up on last year. Against the US dollar, the pound has gained close to 2% over the past two days. The pound has been...
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by Jonathan Cook | Feb 4, 2025
The standard economic result of protectionist trade policy is an increase in inflation. Despite seeing just how politically potent this was on the campaign trail, Trump doesn’t seem to care, preferring instead to widely threaten tariffs. This is good news in the short...
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by Jonathan Cook | Feb 4, 2025
New inflation data would usually have been a significant event on Monday’s calendar. Headline consumer price inflation (CPI) in the eurozone climbed from 2.4% to 2.5% in January, yet the euro still struggled to keep its head above water amid the threat from across the...
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by Jonathan Cook | Feb 4, 2025
Based on the latest data, markets put the likelihood of a quarter-point Bank of England interest rate cut on Thursday at over 90%. What was billed as a close decision now appears a given. Sterling is now at risk from a double shock and GBP/USD could have further to...
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