by Charles Purdy | Jul 24, 2024
The pound has continued in its now familiar holding pattern, close to a two-year high against the euro but not quite breaking above it. It has slipped further against the US dollar and is now around 1% weaker than last week. The main influences on GBP/EUR remain...
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by Jonathan Cook | Jul 24, 2024
The US economy is looking to better its first quarter growth of 1.4% when preliminary Q2 GDP figures are released on Thursday. Economists are predicting that number to rise to around 2%, which would present the Federal Reserve with an interesting conundrum. EUR/USD:...
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by Jonathan Cook | Jul 24, 2024
The eurozone’s preliminary consumer confidence indicator for July increased to its highest level since February 2022. While still below the ten-year average, interest rate cuts and the diminished threat of the far-right in France have buoyed the mood in consumer...
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by Jonathan Cook | Jul 24, 2024
Sterling has enjoyed some real strength recently, but its position seems once more to be under threat. The pound has underperformed a basket of currencies this week (aside from the antipodean dollars) and this morning’s services data could fuel further weakness....
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by Jonathan Cook | Jul 24, 2024
In the absence of significant economic data, currency markets looked to smaller indexes and older reports to direct their movement. The running theme of the US election and its associated risks meanwhile continued to colour the overriding discourse. The pound edged...
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