by Jonathan Cook | Nov 28, 2024
Major European currencies came out on the front foot yesterday, as a big day for American data saw the US dollar retreat for the Thanksgiving holiday with a dent to its momentum. GBP/USD rose by almost a cent, taking it to its highest in a week. EUR/USD rose by just...
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by Charles Purdy | Nov 27, 2024
Sterling climbed against both the euro and the US dollar in early trading this morning. Despite some ups and downs, the pound continues to trend broadly towards the highs it set in the summer against the euro. For GBP/USD, it’s been a case of the less said the better...
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by Jonathan Cook | Nov 27, 2024
FOMC minutes last night signalled more progress in the American economy’s fight against inflation. “Almost all participants agreed that risks to achieving the Committee’s employment and inflation goals remained roughly in balance”, the minutes read....
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by Jonathan Cook | Nov 27, 2024
Germany’s GfK consumer climate survey has not climbed out of negative territory in three years. The country’s economic malaise has put a cap on any euro successes and despite an uptick recently, the euro will need Germany to pull its weight to combat Trump’s tariffs....
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by Jonathan Cook | Nov 27, 2024
For GBP/USD, it’s been a case of the less said the better with the pair now below the level it started the year. It’s a different story for the pound against the euro. Despite volatility, GBP/EUR has trended broadly in the same direction – towards the highs it set in...
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