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Central banks grip the spotlight

If you have been keeping half an eye on the news, you will know that the conflict in Iran has pushed oil prices sharply higher and left central banks scrambling to work out what it means for interest rates. Today is the day three of the world’s biggest central...


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GBP: Waiting on the Bank of England

The pound has recovered slightly this morning after a wobble overnight, but the Bank of England decision at noon is the big moment. The vote split will tell us a lot – if more members swing toward holding rates or even signal a future hike, sterling could find some...


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EUR: All about this afternoon’s forecasts

The euro has been pulled in two directions — propped up by expectations of ECB rate rises but dragged down by Europe’s heavy reliance on imported energy. This afternoon’s press conference from ECB President Lagarde is the one to watch. If she pushes back...


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USD: The dollar flexes its muscles

The dollar surged last night after Powell made clear that rate cuts are not coming any time soon. For anyone needing to buy dollars – whether for a property in the US, university fees or regular transfers – the stronger dollar makes those payments more expensive in...


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Pound holds strong in ‘anxious moment’

The pound to euro rate has held remarkably steady in the past week and is now close to two cents stronger than the start of March. However, we shouldn’t get too far ahead of our ourselves – that’s more a reflection of uncertainty than any genuine progress. Things...


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