by Jonathan Cook | Dec 12, 2024
The pound’s eye-catching streak of daily advances resumed on Wednesday ahead of a crucial meeting of the European Central Bank (ECB). GBP/EUR climbed by a further 0.25% yesterday, meaning the pound is close to its strongest since the fateful Brexit referendum in 2016....
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by Jonathan Cook | Dec 11, 2024
Sterling hit another impressive milestone on Tuesday as it reached its highest level over the euro in almost three years. This came as markets hardened their view that the European Central Bank (ECB) would cut interest rates by a further 0.25% on Thursday. While the...
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by Jonathan Cook | Dec 11, 2024
The US dollar has been flying high of late and is yet to experience a real data setback after the election. Could November’s inflation report provide that? It’s always possible, although economists are predicting the figures to fall closely in line with October’s....
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by Jonathan Cook | Dec 11, 2024
Fretful euro investors have been asking themselves if the euro could fall further this week. The generous interpretation is that an interest rate cut to 3% has now been baked into the price, yet there is a nagging danger than it could fall further. GBP/EUR: the past...
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by Jonathan Cook | Dec 11, 2024
Since the second week of August, GBP/EUR has climbed by around five months. That means that, on average, sterling has strengthened by a cent every month. Such a performance is mightily impressive but it raises questions over whether that success is sustainable as the...
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