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Pound cuts path through the chaos

Sterling begins Wednesday just under a cent stronger against the euro compared to this time last week. The pound has held up remarkably well, considering the threat of an oil crisis, conflict in the Middle East, along with the possibility all this could scupper the...


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USD: Spotlight on inflation

This afternoon’s inflation report could strike a particular chord amid the ongoing crisis. Core and headline consumer price inflation are expected to have registered at manageable annualised rates of 2.5% and 2.4% respectively in February. Anything higher might lead...


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EUR: Weak start for Germany

A wider balance of trade margin would usually be a good sign for the German economy. However, February’s surplus of more than €20 billion was driven by falling exports and an even larger drop for imports. A second consecutive fall in key manufacturing added to the...


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GBP: OBR counts cost of long war

The Office for Budget Responsibility (OBR) recently unveiled updated economic forecasts to accompany the spring statement. Events have rendered these hideously outdated. The data agency said yesterday that a prolonged conflict would push headline inflation (previously...


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USD: Safe-haven shine dims slightly

The dollar eased a touch on Tuesday morning as Trump’s de-escalation comments took some heat out of safe-haven demand. It remains firmly stronger over the past fortnight, however, and the focus now turns to tomorrow’s CPI reading and next week’s...


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