by Christopher Nye | Sep 13, 2024
While the euro is down against a basket of currencies over the week it rallied slightly after the interest rate cut yesterday and the news conference, as it became obvious that the ECB has no clear plan for a further cut next month. Economic data is slowing down over...
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by Christopher Nye | Sep 13, 2024
Sterling has strengthened almost across the board, with only the yen and Norwegian krone besting GBP. Next week may start slowly but it heats up considerably midweek, with the inflation data on Wednesday and interest rate decision on Thursday. Current betting is on...
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by Charles Purdy | Sep 13, 2024
It was a positive day for the pound yesterday, as the gap widened between the eurozone’s and the UK’s interest rates. But sterling also strengthened significantly against the US and Canadian dollars, the yen and Swiss franc too, possibly buoyed by a rise in US stock...
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by Jonathan Cook | Sep 12, 2024
Although headline inflation fell, core inflation’s surprise uptick gave the US dollar a leg up heading into the Fed’s next meeting. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on currencies and currency risk management strategies,...
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by Jonathan Cook | Sep 12, 2024
The euro will be in for a nervous wait ahead of the ECB’s interest rate decision today. A rate cut is all but priced in at this point, although you can never tell when markets (or policymakers) might be readying something different. GBP/EUR: the past year 1 Min 5 Min...
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