by Jonathan Cook | Jan 16, 2025
UK chancellor Rachel Reeves will be relieved to see the pound stabilising. Pressure had been growing on her in recent days but an improvement in sterling’s fortunes has eased borrowing costs and put the bond market on pause. For now, at least. GBP/USD: the past year...
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by Jonathan Cook | Jan 16, 2025
UK economic growth returned to positive territory in November after two months of consecutive contraction. The British economy grew by 0.1% month-on-month and by 1% on an annual basis, which was actually slightly below the level economists had forecast. Sterling put...
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by Charles Purdy | Jan 15, 2025
New UK inflation rate data revealed an unexpected fall to 2.5%, creating some relief for Chancellor Rachel Reeves and clearing the path for a Bank of England interest rate cut. Tuesday also saw the end to USD’s run of strong data and a euro that benefited from its...
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by Julian Benson | Jan 15, 2025
After a week of rampant growth for the dollar, soft PPI data saw it lose ground to the euro. Inflation data due to be published this afternoon will reveal if soft numbers were start of a trend or an aberration. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...
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by Julian Benson | Jan 15, 2025
Buoyed by the continuing struggles of the UK government and weak PPI data out of the US, Tuesday was a good day for the euro, seeing it gain on both USD and GBP. However, Germany is expected to announce a further contraction to its GDP today, which could bring...
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