by Jonathan Cook | Dec 4, 2024
The BRC report caused something of a stir on a data-starved day. It’s important to note that this is not is not the official retail sales figures. Those will be released by the Office for National Statistics the week before Christmas. Still, reports of falling...
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by Jonathan Cook | Dec 4, 2024
The euro stood firm in the face of political adversity on Tuesday, ceding only a little territory to its rivals as the French government prepares to face a vote of no confidence this evening. Unexpectedly hot data from US labour market meanwhile helped the US dollar...
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by Jonathan Cook | Dec 3, 2024
Donald Trump’s first term as president saw the strange phenomenon of government by tweet. Over the weekend, Trump showed we could be in for more of the same as he threatened to impose tariffs on BRICs nations moving away from using the US dollar as their reserve...
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by Jonathan Cook | Dec 3, 2024
Similar to a US government shutdown, the political skulduggery in Paris is focusing attention on the euro and the price of French government debt. Politics caused some weakness for the euro on Monday but the real volatility will come should the budget result in a vote...
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by Jonathan Cook | Dec 3, 2024
With Keir Starmer due to deliver a “reset” this week after seeing his approval ratings plummet, the pound could do with the same. One bad day saw most of GBP/USD’s gains from last week wiped out and, while pressure on the euro limited sterling’s pain, fresh momentum...
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