by Christopher Nye | Dec 6, 2024
The fall of Mr Barnier’s government had little impact on the single currency this week and any losses from Wednesday were recouped – and more – yesterday. The euro reaches the end of the week well up on all the dollars, especially AUD. We will get a third estimate of...
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by Christopher Nye | Dec 6, 2024
After two days of gradual gains, GBP/EUR fell away yesterday afternoon and reaches the end of the week where it started. It’s slightly more positive against other major currencies – USD, NOK, CAD – with 0.5% improvements. There is little to excite the markets on the...
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by Charles Purdy | Dec 6, 2024
There was little movement for sterling yesterday, and what there was, was mixed, drifting slightly against the euro but building against the US dollar. It was a tale of interest rates again. Governor of the Bank of England (BoE) Andrew Bailey agreed in an interview...
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by Jonathan Cook | Dec 5, 2024
Political drama in Paris dominated airwaves on Wednesday, serving to disguise some of the more significant impacts of the budget meltdown. For one thing, many French people will now be forced to pay more tax due to the inability to adjust for inflation. Secondly, the...
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by Jonathan Cook | Dec 5, 2024
The pound enjoyed a strong outing on Wednesday as the euro watched from behind its fingers and the US dollar was muted ahead of Jerome Powell’s speech. GBP/EUR has notched several days of consistent rises and the pound is also up on the US dollar since Monday morning....
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