by Jonathan Cook | Oct 20, 2025
Sterling failed to make much headway against the euro last week, a period dominated by more evidence of economic weakness and some home truths delivered by Chancellor Rachel Reeves. The UK economy is suffering from several problems. Most importantly, it only grew by...
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by Jonathan Cook | Oct 20, 2025
On Friday, President Trump again voiced his desire to cool the brewing trade war with China. The US dollar and Wall Street both rallied in the aftermath, despite signs of stress in American markets and the prospect of another week of government shutdown. EUR/USD: the...
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by Jonathan Cook | Oct 20, 2025
Reinstated Prime Minister Sebastian Lecornu survived two votes of no confidence in French parliament last week. Concessions over pensions were enough to garner sufficient support from opposition groups, but in a worry for the euro, the political situation in France...
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by Jonathan Cook | Oct 20, 2025
Both ten and 30-year gilt (UK government debt) yields fell back drastically last week as the chancellor struck a tougher tone on taxes and spending. While still high, those adjustments should give the government a bit more breathing room by lowering borrowing costs....
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by Jonathan Cook | Oct 20, 2025
Currency markets ended last week on edge as concerns over lending standards and bad loans within US regional banks rippled through the financial world. Leveraged credits (typically companies with bonds deemed “junk” by the three major rating agencies) tumbled after...
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