by Christopher Nye | Oct 25, 2024
The pound was hit by yesterday’s PMI data early on, and while it recovered by the afternoon following BoE comments, it then drifted again, at least against the euro. There were better results against some of the commodity-backed currencies such as AUD and CAD. Coming...
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by Charles Purdy | Oct 25, 2024
Yesterday was mixed for sterling, with small falls against the euro and yen but strong rises against the Australian, Canadian and US dollars – close to two-thirds of a cent against AUD. The biggest story of the week has been waning confidence from British business and...
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by Jonathan Cook | Oct 24, 2024
The US dollar posted another positive day against its competitors yesterday and even climbed against fringe rivals like the Japanese yen. With 12 days to go until the election, the US dollar has some way to go before it is out of the woods. EUR/USD: the past year 1...
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by Jonathan Cook | Oct 24, 2024
The euro was something of a mixed bag yesterday, falling against the US dollar but gaining ground over the pound. That came despite some comments from Christine Lagarde that may usually have stemmed any significant losses. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day...
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by Jonathan Cook | Oct 24, 2024
The pound is facing mounting pressure ahead of next week’s autumn budget and the next Bank of England rate decision. It’s little wonder that weakness is translating into multi-week lows but is that weakness here to stay or a flash in the pan? GBP/USD: the past year...
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