by Jonathan Cook | Nov 20, 2024
The single currency has managed to hold onto last week’s level against the pound, by and large. Its performance against the US dollar has been meeker, although the same could be said for almost every global currency. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Nov 20, 2024
Andrew Bailey’s appearance in parliament yesterday added to the sense of anticipation ahead of next month’s monetary policy meeting. The economics might suggest a cut is imminent but the recent budget and today’s inflation report could persuade the Bank to wait...
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by Jonathan Cook | Nov 20, 2024
Inflation in the UK returned to a six-month high of 2.3% in October, spurring a rally for the pound on market open this morning. Part of this bounce reflected energy regulator Ofwat’s increased price cap, which caused a significant spike to the price of gas and...
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by Jonathan Cook | Nov 19, 2024
Donald Trump still has to wait two more months until he is sat in the Oval Office again. For the US dollar, there is a degree of uncertainty here as there is still much Joe Biden could achieve in the intervening period. For his part, some of Trump’s actions could...
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by Jonathan Cook | Nov 19, 2024
The euro has had a year to forget but it is looking to scrape back some of its losses against the pound. Despite having fallen by almost 5% year-on-year, the euro has climbed by over a cent against the pound in just one week. Based on current trends, ruling out a...
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