Pound holds up but critical period approaches

The pound has strengthened again against the euro, back up to the 2½ year high it reached almost a month ago. Against the dollar, however, while GBP has lost those September gains it remains a stonking 6.5% stronger than this time last year. The dollar’s recent gain...


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USD: US GDP growth estimates raised

The IMF raised US GDP estimates for 2024 to 2.8%, from 2.6% previously predicted in July this year. This prediction is due to stronger outturns in consumption and non-residential investment. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To   For...


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EUR: Lagarde’s cautious remarks

European Central Bank president, Christine Lagarde said yesterday evening that she was committed to saving the euro. She also publicly invited Donald Trump to visit the ECB in Frankfurt following remarks from him suggesting that Lagarde had the easiest job in...


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GBP: Professional job market declines

According to new data from the Robert Walters Global Jobs Index, the UK professional job market experienced a 5.62% decline in September. This comes as a huge surprise as recruiters usually find September to be their busiest month, hence the phrase ‘September...


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IMF lifts UK growth forecasts to 1.1% in 2024

Despite falling to a two-month low against the US dollar yesterday afternoon, the pound ended Tuesday pretty much where it started the day against rival currencies. The pound’s saving grace came from the International Monetary Fund, which has lifted its forecast for...


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