by Julian Benson | Jul 29, 2024
This morning, the economic calendar holds UK consumer credit, mortgage approvals and CBI trades. Unexpected strength from UK services inflation last week may have affected policymakers’ outlook on whether to push ahead with the first rate cut since 2020. GBP/USD: the...
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by Julian Benson | Jul 29, 2024
After a wave of soft data left the pound ever-so-slightly in the red against the US dollar and euro last week, investors hope for a better performance ahead of the Bank of England’s interest rate decision on Thursday. Last week, the Japanese yen sent shockwaves across...
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by Christopher Nye | Jul 26, 2024
Yesterday’s excellent news on economic growth was no help to the US dollar as USD had a mixed day including falls against EUR, CAD and AUD but strengthening against the pound, rupee and yen. What will Personal Income and Spending data have in store this afternoon?...
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by Christopher Nye | Jul 26, 2024
As Olympic teams prepare for the opening in Paris tonight, the euro was the big winner with gains against almost all-comers, particularly the pound (+0.3%) and yen (+0.6%) yesterday. It’s a busy end of the week for eurozone data, with French employment and Italian...
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by Christopher Nye | Jul 26, 2024
Sterling reaches the end of the week essentially unchanged against the euro and a little down on the US dollar. There isn’t a great deal of data in the early part of next week, with the main event being the interest rate decision from the BoE on Thursday. GBP/EUR past...
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