by Charles Purdy | Jan 17, 2025
There was some relief for sterling yesterday, with another day of some stability against the euro and US dollar. However, this morning’s unexpected drop in retail sales in December has started a downward trajectory once again. The UK’s economic data now points more...
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by Jonathan Cook | Jan 16, 2025
While it got a little carried away celebrating Trump’s victory, US dollar markets should remember that Trump’s economic goals rest on low interest rates and a strong stock market. The president-elect is likely to exert pressure on the Fed to cut interest rates and we...
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by Jonathan Cook | Jan 16, 2025
The euro’s rally against the US dollar failed to make it out of yesterday afternoon’s trading. Meanwhile, GBP/EUR advanced as UK inflation fell and the German economy showed more sign of weakness. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Jan 16, 2025
UK chancellor Rachel Reeves will be relieved to see the pound stabilising. Pressure had been growing on her in recent days but an improvement in sterling’s fortunes has eased borrowing costs and put the bond market on pause. For now, at least. GBP/USD: the past year...
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by Jonathan Cook | Jan 16, 2025
UK economic growth returned to positive territory in November after two months of consecutive contraction. The British economy grew by 0.1% month-on-month and by 1% on an annual basis, which was actually slightly below the level economists had forecast. Sterling put...
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