USD: Jobs the market mover

The big talking point for the US dollar has been the labour market. Unemployment hit a four-year high in September and is projected to have surged higher still in October. With a busy schedule of data tomorrow afternoon, you can expect the US dollar to move quickly....


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EUR: Intrigue to return in 2026

2025 has been a strong year for the euro. Significant gains over the pound and the euro have been facilitated by economic resilience and a stable monetary policy outlook. Next year might bring a change on that front, although there seems to be more chance of rate...


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GBP: Risking a recession

Economic growth has taken on an almost mythical quality in the last few months. Going back to July, monthly output reads: -0.1%, -0.1%, 0%, and -0.1%. The pound fell ahead of the expected rate cut and a better end to the year is required if the economy is to escape a...


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Inflation the only roadblock to Bank cut

A 0.1% contraction for the UK economy in October sent the pound lower by roughly half a cent against its key rivals, beginning Monday at a two-week low against both the euro and the US dollar. Part of that was a reaction to economic fragility. The bigger factor was...


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USD: Dollar sinks after Federal Reserve cut

An interest rate cut from the US Federal Reserve and doveish comments from its chairman did for the dollar yesterday, with losses across the board. Several other Fed policymakers will be commenting today, and on Tuesday we’ll hear Non-Farm Payrolls. USD/GBP past year...


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