by Jonathan Cook | Dec 12, 2024
The ECB and the euro are in a bit of a bind. A blast of economic growth is sorely needed but turning interest rates well below those of its competitors would be a bitter pill in the short term. With most economists predicting a cut today, more euro weakness may be on...
read more
by Jonathan Cook | Dec 12, 2024
Friday’s GDP numbers for October are a crucial chance for the pound to put its money where its mouth is. Growth turned negative in September as fears over the budget grew but economists predict a rebound. Sterling may be more volatile as we approach the early-morning...
read more
by Jonathan Cook | Dec 12, 2024
The pound’s eye-catching streak of daily advances resumed on Wednesday ahead of a crucial meeting of the European Central Bank (ECB). GBP/EUR climbed by a further 0.25% yesterday, meaning the pound is close to its strongest since the fateful Brexit referendum in 2016....
read more
by Jonathan Cook | Dec 11, 2024
Sterling hit another impressive milestone on Tuesday as it reached its highest level over the euro in almost three years. This came as markets hardened their view that the European Central Bank (ECB) would cut interest rates by a further 0.25% on Thursday. While the...
read more
by Jonathan Cook | Dec 11, 2024
The US dollar has been flying high of late and is yet to experience a real data setback after the election. Could November’s inflation report provide that? It’s always possible, although economists are predicting the figures to fall closely in line with October’s....
read more
