by Jonathan Cook | Dec 8, 2025
All roads lead to Washington this week ahead of the Federal Reserve’s next interest rate decision. With markets overwhelmingly forecasting a quarter-point cut and the labour market showing signs of stress, the decision (and the commentary that accompanies it) will be...
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by Jonathan Cook | Dec 5, 2025
Rumblings around the future chair of the Federal Reserve didn’t help the US dollar on Thursday. Already struggling thanks to weak data, the prospect of a central bank closer to White House influence and with more incentive to carry out the president’s policy missives...
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by Jonathan Cook | Dec 5, 2025
The euro has lost some ground to the pound this week, but any falls remain pretty minor in the context of the year as a whole. The euro was five cent weaker back in May and has strengthened by more than 5% against the pound if you zoom out to January. GBP/EUR: the...
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by Jonathan Cook | Dec 5, 2025
Such has been the speed of the turnaround for the pound, it’s hard to think that the autumn Budget was just over a week ago. Since then, sterling has strengthened by almost a cent against the euro and by well over two cents against the struggling US dollar. GBP/USD:...
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by Jonathan Cook | Dec 5, 2025
After a turbulent end to November, the pound really hit its straps in the second half of this week. Boosted by positive economic data, sterling begins Friday at its best level since the end of October against both the euro and the US dollar. Housing costs still...
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