by Christopher Nye | Mar 6, 2026
Sterling gained some ground yesterday, recovering to its best against the euro for close to a month – well before the new Iran war began – as bond yields and stock markets held firm. Following a better than expected Halifax house price index this morning, the next...
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by Charles Purdy | Mar 6, 2026
Despite the negative political mood music and handwringing over the UK’s defence embarrassments, on the economic front the pound has been in recovery. It has gained close to 1% on the euro over the past week, to its best since mid-February. Although it has lost a...
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by Ryan Morrison | Mar 5, 2026
The dollar eased overnight as markets latched onto the Iran diplomatic signal, but it remains well above where it started the week. The conflict has reinforced its role as the default destination when investors are nervous – and with the situation in the Middle East...
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by Ryan Morrison | Mar 5, 2026
The euro has edged higher against the dollar this morning, but it remains under heavier pressure than the pound thanks to the eurozone’s acute dependence on energy imports. The old rule of thumb still holds – when oil surges, Europe pays a disproportionate...
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by Ryan Morrison | Mar 5, 2026
The pound’s modest recovery this morning is welcome after a bruising few days, but it masks a deeper shift in market expectations. Financial markets now price just one Bank of England rate cut for the whole of 2026 – down from at least two at the start of the...
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