by Jonathan Cook | Sep 25, 2024
Bank governor Andrew Bailey yesterday said he was “encouraged” by recent progress over inflation. After holding interest rates at its last meeting, Bailey may well be beginning the long process of preparing markets for another cut this year. GBP/USD: the past year...
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by Jonathan Cook | Sep 25, 2024
The US dollar continued to fall against the euro and the pound on Tuesday, as weak consumer data and an aggressive Federal Reserve siphoned demand to other currencies. Sterling was again a primary beneficiary. GBP/USD reached a fresh yearly high, while GBP/EUR...
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by Jonathan Cook | Sep 24, 2024
US dollar markets continue to embrace the new reality of significantly lower rates from the Fed. A number of policymakers made speeches yesterday, with several highlighting progress towards “immaculate disinflation”. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Sep 24, 2024
Despite struggling against the pound, EUR/USD has held up well of late. A fall yesterday afternoon may be foreshadowing, as the euro continues to labour with weak economic data. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Sep 24, 2024
The pound’s march continued on Monday, with GBP/EUR and GBP/USD each reaching their highest in around 30 months. The risk for sterling is that the structure that supports it, which currently includes a disparity in interest rate approach between central banks, begins...
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