by Jonathan Cook | Aug 8, 2024
Sterling started to recover some of its losses from earlier this week on Wednesday, as the mood in currency markets pivoted to something more positive. GBP/EUR gained around a quarter of a per cent after letting go of some further advances in the morning session....
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by Charles Purdy | Aug 7, 2024
The pound has bounced back slightly higher, or at least stopped the decline that had seen it weaken by 2% from its strongest point against the euro (and even more against the US dollar) in the past month. The (small) rise will have been helped by positivity in the UK...
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by Jonathan Cook | Aug 7, 2024
A frenetic start to the week saw calls for the Federal Reserve to announce an emergency rate cut. There was little chance of that happening and markets have duly staged a fightback. However, the US dollar faces a larger degree of uncertainty than it has for some time....
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by Jonathan Cook | Aug 7, 2024
The euro is enjoying something of a renaissance. EUR/USD held at a solid level yesterday, while the euro continues to make hay at the expense of the pound. 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 | Aug 7, 2024
Sterling is struggling to overcome its recent struggles. The pound ended yesterday at multi-week lows against the US dollar and the euro and you have to squint very hard to see an escape route in the next few weeks. Stranger things have happened, as recent events have...
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