by Jonathan Cook | Feb 4, 2025
The euro endured another manic Monday as markets scrambled to adjust to signs of aggressive US trade policy. Donald Trump’s threat to extend his recently unveiled tariffs on Canada, Mexico and China to the eurozone sent European stock markets plunging and the euro...
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by Jonathan Cook | Feb 3, 2025
Thursday’s Bank of England interest rate decision is the headliner of another big week for the pound. GBP/EUR ended Friday at its highest level in over three weeks but the prospect of another 0.25% cut to interest rates threatens that platform. These matters soon...
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by Jonathan Cook | Feb 3, 2025
You would be hard-pressed to find a more favourable set of conditions than those the US dollar enjoyed on Friday. Trump’s hard line on trade and more evidence of a thriving economy caused the US dollar to zoom ahead of the pound and the euro. EUR/USD: the past year 1...
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by Jonathan Cook | Feb 3, 2025
The euro still has some significant data to navigate after last week’s pile-up. This morning’s eurozone inflation data will help to shed some light on the ECB’s next week, while EUR/USD remains under pressure as the talk of tariffs resumes. According to Deutsche Bank,...
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by Jonathan Cook | Feb 3, 2025
The Bank of England’s Thursday meeting is the clear focus for the pound this week. Although most economists think the Bank is poised for a cut, recent data has provided a repost to that view. All eyes will be on the Monetary Policy Committee for the biggest decision...
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