by Christopher Nye | Oct 4, 2024
After comments from the governor of the Bank of England sent sterling down by its biggest one-day drop for 18 months yesterday, there will be keen interest in what BoE’s chief economist Huw Pill says this morning. Next week starts with some house price data from the...
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by Charles Purdy | Oct 4, 2024
The pound saw its biggest single day fall in 18 months yesterday, dropping by around 1% against the euro, US dollar, rupee and renminbi. However, there has been no further weakening this morning so far and GBP remains 9% stronger than USD compared to this time last...
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by Jonathan Cook | Oct 3, 2024
A much improved set of labour data has helped the US dollar immensely. Data that supports slower interest rate easing from the Federal Reserve is likely to support a stronger US dollar, as is ongoing uncertainty and risk appetite. EUR/USD: the past year 1 Min 5 Min 1...
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by Jonathan Cook | Oct 3, 2024
So far, the eurozone has managed to keep unemployment close to historic lows. Despite dealing with weak growth, policymakers will be happy to see their actions are not causing the kind of mass joblessness consistent with recession. GBP/EUR: the past year 1 Min 5 Min 1...
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by Jonathan Cook | Oct 3, 2024
Like the euro, sterling is struggle to combat risk flows towards the US dollar. News that the government is seeking a warmer relationship with the European Union may prove a welcome distraction for currency markets. GBP/USD: the past year 1 Min 5...
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