by Jonathan Cook | Nov 27, 2024
The pound regained some stability in yesterday’s session, which saw attention variously turn from Israel to the USA and then back to Israel again. More focus on the political comings and goings has given proceedings a volatile flavour with sentiment liable to turn at...
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by Jonathan Cook | Nov 26, 2024
New treasury secretary Scott Bessent is a key appointment for the US dollar. We can’t know his precise policies just yet but he is known to be keen on plugging the massive government deficit and will likely go along with Trump’s tariff policies, while possibly...
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by Jonathan Cook | Nov 26, 2024
Monday was a happier day for the euro, which combined an almost 1% rise against the US dollar with a smaller but no less significant bump over the pound. The key data for the single currency this week is on the inflation front, which arrives in two batches on Thursday...
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by Jonathan Cook | Nov 26, 2024
GBP/EUR’s fall on Monday was more the result of pound weakness than euro strength. Last week’s troubling data set was clearly playing on minds, although the euro couldn’t exactly point to much in the way of improving data. The outlook for this currency pair remains...
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by Jonathan Cook | Nov 26, 2024
Currency markets were warmed by an elusive sense of optimism on Monday following rumours that a ceasefire between Israel and Hezbollah was close. Any deal would first have to be approved by the Israeli cabinet today but a weakening US dollar was a sign of improved...
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