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USD: Dollar looks to build on gains

It hardly needs pointing out that the dollar has carried all before it over the past month, but those gains appear to have run their course for now. Watch out for unemployment data today and PMI tomorrow. USD/GBP past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...


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EUR: Will PMI offer any hope?

There was little movement for the single currency over recent days and it starts this month largely mirroring sterling, with losses against the dollar but some 3% up on AUD, JPY and NZD compared to the start of December. Coming up today, final PMI results for...


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GBP: Uncertain sterling could go either way

After a patchy performance over the Christmas period, with losses against the US dollar but strong gains against JPY, NZD and others, it will be all eyes on the data at the start of 2025. We will get a final result for manufacturing PMI shortly and some mortgage and...


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Economists predict more dovish Bank of England

Economists predict more dovish Bank of England

The pound strengthened by around 0.5% against the euro on New Year’s Eve and has largely held onto those gains, and the reverse is true against the US dollar, where GBP is back close to its weakest since April. We have just had the Nationwide House Price index,...


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USD: Dollar heads in two directions

It was a mixed day for the dollar with gains against the pound, euro and Swiss franc. Coming later today will be house price data, with a steady 4.5% year-on-year increase expected. Don’t expect anything on New Years Day but on Thursday there will be the usual jobless...


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