by Charles Purdy | Sep 9, 2024
The pound continued its very slow drift lower against the US dollar and euro on Friday. The causes are so complicated – based around the US economy and interest rates – and the drop so minor that it’s probably a day for seeing the bigger picture. Which is that...
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by Jonathan Cook | Sep 9, 2024
Wednesday’s inflation figures could be key in determining the speed of the Federal Reserve’s interest rate loosening. The headline figure is expected to fall from 2.9% to 2.7%, but a miss either way could send ripples through to the next decision. EUR/USD: the past...
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by Jonathan Cook | Sep 9, 2024
August’s committee minutes from the European Central Bank set the stage for a cut of 0.25% this week. The euro has performed well against the US dollar in particular to start the month. That platform could now be at risk. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day...
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by Jonathan Cook | Sep 9, 2024
The new Labour government are desperate for some economic good news after adopting doom and gloom messaging. July’s GDP figures are expected to present an improvement from June’s zero growth, although there is far more potential to be tapped down the line. GBP/USD:...
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by Jonathan Cook | Sep 9, 2024
A risk-off tone in financial markets meant the US dollar rebounded from more disappointing labour figures to end Friday. Over the course of last week’s trading, the pound traded in a narrow range against the euro to finish slightly down. GBP/USD neared its two-year...
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