by Jonathan Cook | Aug 15, 2024
After recent data, the question for the Federal Reserve is whether they will cut by 25 basis points (0.25%) or 50 in September. The current consensus remains the former, although there are some shrill voices calling for a larger cut. This uncertainty has not helped...
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by Jonathan Cook | Aug 15, 2024
The euro is having a fantastic August holiday. EUR/USD reached its highest in 2024 yesterday and the euro isn’t far off matching that against the pound, as its main rivals continue to kick lumps out of each other. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Aug 15, 2024
Whatever optimism the pound drew from the inflation numbers was bittersweet. Despite coming in cooler than expected, price rises still ticked up from June’s 2% to 2.2%. GBP/USD is going strong, yet GBP/EUR has fallen by 2% since last month. More Bank of England rate...
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by Jonathan Cook | Aug 15, 2024
The UK economy grew by 0.6% in the second quarter of 2024. Although economic growth was flat in June, a strong performance from the services sector (particularly scientific research) helped the UK post its second consecutive quarter of growth over 0.5%. The euro and...
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by Charles Purdy | Aug 14, 2024
It’s a game of snakes and ladders for sterling this week as high-level economic data arrives at 7am each day from the UK’s Office for National Statistics. Yesterday it was unemployment and earnings, which indicated that the economy is still running hot – so far as...
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