After a string of blistering performances, the pound finally became reacquainted with reality on Wednesday afternoon. Sterling lost over half a cent against the US dollar and fell back from 21-month highs against the euro.
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Sterling’s positive spring continued yesterday, with GBP/EUR reaching its strongest position since the summer of 2022. However, sterling against the euro is still only marginally above the levels it reached in January, so could the recent gain be…
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A handful of Federal Reserve speeches are dotted around today, but the US dollar is awaiting significant data later in the week. The second GDP estimate and personal income and spending metrics are likely to have a bigger…
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European attention turns to Germany in the middle portion of this week. Of particular importance is German inflation, which is forecast to have fallen to have increased to around 2.4%-2.5% in May.
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Sterling has showed no sign of forfeiting its momentum during early stages of the election campaign. In fact, the pound has touched highs against its main rivals, which means the question is how long it can maintain this…
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Sterling’s strength carried over into the new week, as the pound remained within touching distance of its highest against the euro in over a year. GBP/USD is also at its highest for two months, while EUR/USD continued to…
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After a relatively quiet week concerning Federal Reserve commentary, the coming speeches from Fed policymakers will be closely scrutinised should they speak on interest rates and inflation outlook. Markets expect commentary to touch on core PCE inflation figures…
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On Friday, Eurostat will reveal the preliminary euro area inflation for the month of May which has remained at 2.4% since March. Markets forecast the rate to increase ever-so-slightly to 2.5%. Investors will keep their eyes peeled as…
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