by Jonathan Cook | Oct 1, 2024
The US dollar fluctuated on Monday as currency markets looked to the Federal Reserve for guidance on interest rates. As has often been the case this year, interest rates expectations are having as large an impact on currency pairs as other economic indexes. EUR/USD:...
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by Jonathan Cook | Oct 1, 2024
Italian and German inflation figures will only turn up the volume for the ECB at its next meeting. Italian data in particular looks concerning, as do persistently poor manufacturing reads from over the summer. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Oct 1, 2024
If Keir Starmer and the Labour party needed a pick me up, news that quarterly growth came in at its highest since 2022 would have done nicely. Due to the importance Labour is placing on growth, the news will be a nice palate cleanser after the trials of last week’s...
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by Jonathan Cook | Oct 1, 2024
Another batch of inflation figures from the eurozone increased expectations that the European Central Bank (ECB) would cut interest rates by 0.25% at its October meeting. With German inflation falling by more than expected to 1.6% in September, GBP/EUR climbed by half...
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by Charles Purdy | Sep 30, 2024
Sterling has reached the end of the month 1% up on where it started September against the euro and 2% up on the US dollar. Against a basket of currencies the pound is at its strongest since the afternoon of 23 June 2016, the day of the Brexit referendum. To lock this...
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