by Charles Purdy | Oct 2, 2024
Sterling briefly hit yet another high against the euro yesterday lunchtime, though it didn’t last into the afternoon session. But GBP/EUR remains close to its best since spring 2022 and GBP/USD only marginally off it. So, as ever, to lock in today’s exceptional rate –...
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by Julian Benson | Oct 2, 2024
Jerome Powell, chair of the US Federal Reserve, indicated in a speech on Monday that the central bank expects to implement two additional rate cuts by the end of the year, which is currently less than market estimates. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Julian Benson | Oct 2, 2024
As eurozone headline inflation came in at 1.8% in September, down from 2.2%, core inflation (which excludes food and fuel) slipped to 2.7% from 2.8%. These results came in below target and have raised economists’ expectations for a sizeable 50 basis point rate cut in...
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by Julian Benson | Oct 2, 2024
S&P Global revealed that the UK manufacturing PMI, which measures the industry’s performance, fell to 51.5 in September 2024 from 52.5 in August. The decline reflects a loss on last month’s performance, however, all readings above 50 signal growth so the sector...
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by Julian Benson | Oct 2, 2024
The US dollar was the top-performing currency yesterday, strengthening by a cent against the pound and just over half a cent against the euro. These gains were likely influenced by a surge in US job openings in August. The Bureau of Labor Statistics revealed that the...
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