USD: The first test

Today’s inflation data represents the first real test (outside of the Federal Reserve’s widely expected decision last week) since the election. Inflation is projected to have remained largely unmoved in October but the slightest of falls could be the difference...


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EUR: ZEW highlights political unease

The latest ZEW report gave an insight into the euro’s recent struggles. Through the lens of German respondents, it’s possible to see a current of political uncertainty. From Trump to Scholz, the single currency is being weighed down by an unstable landscape. A serious...


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GBP: What path does sterling take?

The pound faces a tough stretch to the end of the year now that markets have digested the employment report. The Bank is in a bit of a bind: does it cut rates to reduce unemployment or hold them to prevent increased earnings resulting in resurgent inflation....


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Sterling slumps on gloomy jobs data

Sterling slumps on gloomy jobs data

The pound took a bit of a battering on Tuesday as September’s unexpectedly poor employment report triggered a steep fall. Given its recent strength, GBP/EUR’s fall of three quarters of a cent meant it only retreated to where it ended last week. Yet against the US...


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USD: Lapping up Trump trades

American markets fell silent yesterday to mark Veterans Day. Such is the US dollar’s current strength that interest from the rest of the world is enough to make up for a lack of domestic trades. Since last Tuesday, the US dollar has picked up a cent and a half against...


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