by Julian Benson | Oct 23, 2024
Despite falling to a two-month low against the US dollar yesterday afternoon, the pound ended Tuesday pretty much where it started the day against rival currencies. The pound’s saving grace came from the International Monetary Fund, which has lifted its forecast for...
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by Jonathan Cook | Oct 22, 2024
The US dollar is dong all it can to keep Tuesday 5 November quiet. That tactic is working for now, with fears around the election outweighed by problems of a global scale. It is however unrealistic that we won’t see any fireworks between now and bonfire night....
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by Jonathan Cook | Oct 22, 2024
Chrstine Lagarde will be representing the eurozone’s financial clout at the IMF/World Bank meeting this week. With little else to unpack, the euro could seize on her remarks to find fresh impetus (good or bad) in the middle portion of the week. GBP/EUR: the past year...
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by Jonathan Cook | Oct 22, 2024
Economists at Goldman Sachs (no stranger to bold predictions) now believe UK interest rates will fall to 2.75% by the end of next summer. According to a report released Monday, markets are currently “underestimating the likely extent of the action by Threadneedle...
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by Jonathan Cook | Oct 22, 2024
Currency markets took a while to get going to start the week with major pairings moving little amid sparse economic news and a general tone of caution. GBP/EUR was almost flat on Monday across a tight range. Sterling and the euro did both lose under 0.5% to the US...
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