by Charles Purdy | Dec 19, 2025
Sterling gained yesterday as the scale of resistance to yesterday’s interest rate cut at the Bank of England surprised the markets. With four of the nine-member Monetary Policy Committee (MPC) resisting the call, and only the governor’s casting vote swinging the...
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by Jonathan Cook | Dec 18, 2025
The US dollar recovered yesterday morning from the slump that followed Tuesday’s bumper jobs data. But that was only half the story. In the afternoon, the US dollar saw its daily gains wiped out amid sustained selling pressure, finishing proceedings without making...
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by Jonathan Cook | Dec 18, 2025
In a research note published earlier this week, analysts at Morgan Stanley predicted the euro could strengthen significantly in the near future. That scenario would hinge around ECB president Christine Lagarde failing to push back on the suspicion that monetary...
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by Jonathan Cook | Dec 18, 2025
Glad tidings to all households and businesses, but the pound might not be filled with the festive spirit today. Sterling will be impacted by the Bank’s decision but more specifically how markets feel rate setters are positioned for the weeks and months ahead. GBP/USD:...
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by Jonathan Cook | Dec 18, 2025
Today’s interest rate decision from the Bank of England looks as close to a done deal as you’ll find in currency markets. As of yesterday afternoon, the implied likelihood of a quarter-point cut, which would take rates near a three-year low of 3.75%, sat at around...
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