by Jonathan Cook | Oct 17, 2024
Judging by financial markets, Europe widely expects the ECB to cut interest rates again today. Much of that perception is based on slowing growth data, although there is an argument that suggests it will want to match pace with the Federal Reserve. The euro could well...
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by Jonathan Cook | Oct 17, 2024
Wednesday’s inflation release brought more unpleasant news for the pound. Sterling has now fallen by one cent against the euro and almost four cents against the US dollar since its highs of two weeks ago. GBP/USD: the past year 1 Min 5 Min 1 Hr 1...
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by Jonathan Cook | Oct 17, 2024
The pound wrestled with Wednesday’s news that inflation had fallen to 1.7% in September, ceding ground to its major rivals as markets boosted bets on interest rate cuts. Yesterday’s session would prove punishing for the pound, which lost around half a cent to the euro...
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by Jonathan Cook | Oct 16, 2024
In busier times, a dreary manufacturing report from New York could have been brushed off as an aberration. However, given the rare scarcity of US data to begin this week, markets ran with the news and consigned the US dollar to a day of minor losses to its continental...
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by Jonathan Cook | Oct 16, 2024
Germany ZEW report gave the euro a nice boost on Tuesday. The positive news will have been as good for morale as it was for fundamental analysis, particularly ahead of Thursday’s interest rate drama. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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