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GBP: Quiet start despite political risk

Sir Keir Starmer’s high-wire decision to block Andy Burnham’s return to Westminster had no immediate impact on the pound or borrowing costs on Monday. That will come as a relief to weary investors, yet it may only delay the disruption until May’s local government...


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Sterling hits strongest since July over US dollar

The US dollar sank to its lowest ebb in four months yesterday and its weakest since July against the pound. After the Greenland saga brought about its worst week since May, the US dollar continued to struggle even as other traditional safe-haven assets – including...


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Sterling soars as threats evaporate

The pound went into the weekend with a bit more spring in its step as a run of UK data nudged interest rate cuts further into 2026. Two potential threats to sterling’s stability have also been neutralised for now after President Trump TACOed* as usual on Greenland...


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Pound stronger as twin threats disappear

The pound went into the weekend with a bit more spring in its step, after a run of UK data nudged the “soft landing” story back into the foreground. Two potential threats to sterling’s stability have also been neutralised for now: Greenland and Andy Burnham. The...


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GBP: Activity gauges surprise on the upside

The pound finished last week firmer, helped by signs from PMI that the UK economy may have carried more momentum into the new year than markets had assumed. GBP/EUR swung 1% over the week but ended up where it started, while GBP/USD gained 2% and held it. Coming up...


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