by Jonathan Cook | Oct 10, 2024
Markets have moved a long way in recent days without much data to back it up. That changes today with inflation figures from the US and the US dollar could move sharply up or down against its rivals if that springs a surprise. EUR/USD: the past year 1 Min 5 Min 1 Hr 1...
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by Jonathan Cook | Oct 10, 2024
Nobody can deny that 2024 has been a bad year for Europe’s key economy. News that its economy will go backwards is negative for the euro but the skies should brighten as we move ahead. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Oct 10, 2024
The impact of the autumn budget on sterling is a key trend to watch this month. Yesterday, Keir Starmer refused to rule out a rise in employer national insurance contributions, while chancellor Rachel Reeves was reported to be considering scrapping previous borrowing...
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by Jonathan Cook | Oct 10, 2024
Sterling traded blows with the euro on Wednesday as the German government announced the unwelcome news that it had revised down its full-year growth forecasts. GBP/USD briefly fell to its lowest since early September ahead of today’s crucial US inflation release. The...
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by Charles Purdy | Oct 9, 2024
There were small falls against the US dollar (and others) and a small rise against the euro yesterday, as the currency markets wait for firmer clues on where interest rates will go – essentially how far and how fast the Bank of England and US Federal Reserve...
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