by Charles Purdy | Mar 14, 2025
The British economy contracted in January by 0.1%, as measured by Gross Domestic Product (GDP) out this morning. It will come as a blow to the chancellor Rachel Reeves, but the markets do not appear to think it will be enough to persuade the Bank of England to make a...
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by Jonathan Cook | Mar 13, 2025
Falling inflation was a reassuring sign that the United States was unlikely to fall into a period of high inflation and low growth. However, this also gives the Federal Reserve a tough choice. Cutting interest rates would be a bold move with tariffs likely to push...
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by Jonathan Cook | Mar 13, 2025
The momentum that carried the euro higher over the past few weeks sputtered on Wednesday, as the prospect of a self-perpetuating cycle of tit for tat tariffs grew larger. Regardless, EUR/USD remains almost 6% up compared to two weeks ago and the euro limited the...
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by Jonathan Cook | Mar 13, 2025
Friday’s GDP report is another chance for sterling to show it is headed in the right direction. With economic growth rising unexpectedly to 0.4% in December, some banks are now revising their projections up from the current consensus of 0.1% growth in January. As is...
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by Jonathan Cook | Mar 13, 2025
Sterling recorded a small daily advance against the euro and a slightly larger one against the US dollar yesterday, a day when Europe’s politicians took aggressive countermeasures against American trade tariffs. UK prime minister Keir Starmer took a less...
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