by Julian Benson | Sep 17, 2024
Both the pound and the euro made decent gains against the US dollar yesterday, as odds for a US rate cut increased ahead of the Federal Reserve’s policy meeting tomorrow. Pound investors expect the Bank of England to keep interest rates unchanged at 5.0% on Thursday,...
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by Julian Benson | Sep 17, 2024
Ahead of a few high-level economic releases this week, US dollar investors will look to US retail sales for impetus this afternoon. Having lost 0.4% and 0.25% against the pound and euro, respectively, on Tuesday, traders will be seeking short-term opportunities to...
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by Julian Benson | Sep 17, 2024
The euro remains dependent on foreign data releases this week following the European Central Bank’s interest rate decision last week. This morning’s ZEW data for Germany could provide a boost, however, foreign interest rate decisions remain the most influential...
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by Julian Benson | Sep 17, 2024
The Institute for Public Policy Research (IPPR) said that the government needs to invest £15bn per year on a radical program of reforms to tackle Britain’s growing ill-health crisis. The IPPR said that this is vital for economic growth. GBP/USD: the past year 1 Min 5...
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by Charles Purdy | Sep 16, 2024
There has been little movement of substance for sterling against the euro for three weeks now and it remains around 1% up on last month and 2% up on last year. The pound is well over 6% stronger compared to last year against the US dollar, with the imminent drop in US...
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