by Jonathan Cook | Oct 30, 2024
Today has been circled in many diaries for weeks. Sterling will be highly sensitive to perceptions of the autumn statement, which could include major pivots in areas like debt and taxation. The first budget in a decade and a half is a chance for Labour to press reset...
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by Jonathan Cook | Oct 30, 2024
The pound is anxiously awaiting the first autumn budget from the Labour party in 15 years. Chancellor Rachel Reeves will announce new measures in the House of Commons this afternoon that are thought to include tax rises for employers and allow for greater government...
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by Julian Benson | Oct 29, 2024
The dollar index steadied on Tuesday after seesawing in Monday’s session as investors remained cautious ahead of key jobs data that could reveal the path of the Federal Reserve’s policy. Later this week, key releases include the advance estimate for GDP...
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by Julian Benson | Oct 29, 2024
European Central Bank policymaker, Pierre Wuncsh spoke out against upping the pace of rate cuts recently which economists suspect helped give the euro the boost it needed against the US dollar. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Julian Benson | Oct 29, 2024
October has been a rocky month for the pound, which has lost just over 3% against the US dollar in the last 30 days. Economists are listening out for key US data today which may exert pressure on the pair should they hint at smaller Fed rate cuts, however, with the...
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