by Charles Purdy | Oct 4, 2024
The pound saw its biggest single day fall in 18 months yesterday, dropping by around 1% against the euro, US dollar, rupee and renminbi. However, there has been no further weakening this morning so far and GBP remains 9% stronger than USD compared to this time last...
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by Jonathan Cook | Oct 3, 2024
A much improved set of labour data has helped the US dollar immensely. Data that supports slower interest rate easing from the Federal Reserve is likely to support a stronger US dollar, as is ongoing uncertainty and risk appetite. EUR/USD: the past year 1 Min 5 Min 1...
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by Jonathan Cook | Oct 3, 2024
So far, the eurozone has managed to keep unemployment close to historic lows. Despite dealing with weak growth, policymakers will be happy to see their actions are not causing the kind of mass joblessness consistent with recession. GBP/EUR: the past year 1 Min 5 Min 1...
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by Jonathan Cook | Oct 3, 2024
Like the euro, sterling is struggle to combat risk flows towards the US dollar. News that the government is seeking a warmer relationship with the European Union may prove a welcome distraction for currency markets. GBP/USD: the past year 1 Min 5...
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by Jonathan Cook | Oct 3, 2024
Scarce news on the economic front meant strong American data and more troubling news from the Middle East dominated proceedings on Wednesday, contributing to a risk off tone and more US dollar gains. GBP/USD slid by around a third of a cent and EUR/USD by a similar...
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