by Jonathan Cook | Sep 12, 2024
The pound and the euro came under pressure from the US dollar on Wednesday, following inflation data that suggested cooling (but not plunging) prices. That distinction was important, as it suggested the Federal Reserve would decide to cut interest rates by 0.25%...
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by Charles Purdy | Sep 11, 2024
The pound has fallen across the board today after the UK economy was revealed to have stalled in July. Growth of around 0.2% had been expected by the markets but for the second month in a row Gross Domestic Product (GDP) showed zero growth. To be clear, the drop in...
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by Julian Benson | Sep 11, 2024
Following last night’s debate, analysts suggest that the chances for a Harris presidency rose slightly, supported by expectations of increased fiscal spending and more tariffs under another Trump presidency. Today, markets gear up for the August consumer...
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by Julian Benson | Sep 11, 2024
It’s been a relatively quiet week for the euro, with little high-impact economic and political releases to influence the single currency. That will all change tomorrow, however, as ECB policymakers will reassess their policy stance. The current rate is 4.25% as...
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by Julian Benson | Sep 11, 2024
Shortly after the Office for National Statistics said the UK added 265,000 jobs in the three months to July, massively outperforming expectations of 123,000, the pound shot up against the US dollar almost immediately. However, it wasn’t long before expectations...
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