by Jonathan Cook | Oct 14, 2024
Two disappointing data release back to back on Friday would usually have spelled a late-week collapse for the US dollar. It is a sign of how big an impact safe-haven dynamics are having that the US dollar saw just a minor fall against its rivals as the news came out....
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by Jonathan Cook | Oct 14, 2024
The ECB has been forced to move interest rates lower than its major rivals this year. This has resulted in some weakness for the euro, which could be set to continue on Thursday. ECB president Christine Lagarde knows she has to tread carefully to keep the euro afloat....
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by Jonathan Cook | Oct 14, 2024
Wednesday’s inflation release is the key data point for sterling this week. A fall below 2.2% would likely be negative for the pound, whereas an unexpectedly hot set of figures could support it moving forward. GBP/USD: the past year 1 Min 5 Min 1 Hr...
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by Jonathan Cook | Oct 14, 2024
Last week was a topsy turvy one for the pound as it fought back against recent weakness in stages. Friday’s news that US PPI fell to zero in September was enough to instigate a restrained GBP/USD rally to close proceedings. Over the course of last week, GBP/EUR...
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by Charles Purdy | Oct 14, 2024
The story so far… two weeks ago the pound hit a 2½-year-high against most major currencies, based largely on the Bank of England being more cautious than other central banks re inflation and keeping interest rates high. However, soon after, comments from the Bank of...
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