by Jonathan Cook | Nov 21, 2024
Sterling gained steadily over the euro on Wednesday after the Office for National Statistics (ONS) announced inflation had climbed to 2.3% in October – its highest level since April. Both the pound and the euro could not stall the US dollar’s advance, which continued...
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by Charles Purdy | Nov 20, 2024
The pound recovered from the doldrums it’s been in for the past five days this morning as a sharp uptick in inflation kiboshed lingering hopes of an interest rate cut in December. Inflation in the UK returned to a six-month high of 2.3% in October. The increased...
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by Jonathan Cook | Nov 20, 2024
The world’s great safe-haven currency did not benefit as it usually would from Tuesday’s bleak geopolitical developments. The US dollar has still had an immensely strong November but a reversal of that usual dynamic was an odd footnote to that story. EUR/USD: the past...
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by Jonathan Cook | Nov 20, 2024
The single currency has managed to hold onto last week’s level against the pound, by and large. Its performance against the US dollar has been meeker, although the same could be said for almost every global currency. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Jonathan Cook | Nov 20, 2024
Andrew Bailey’s appearance in parliament yesterday added to the sense of anticipation ahead of next month’s monetary policy meeting. The economics might suggest a cut is imminent but the recent budget and today’s inflation report could persuade the Bank to wait...
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