by Jonathan Cook | Sep 9, 2024
A risk-off tone in financial markets meant the US dollar rebounded from more disappointing labour figures to end Friday. Over the course of last week’s trading, the pound traded in a narrow range against the euro to finish slightly down. GBP/USD neared its two-year...
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by Christopher Nye | Sep 6, 2024
It’s not been a particularly sunny start to the month for the US dollar, which has weakened against the Swiss franc, euro and pound, and by over 2% against JPY in the past week. Moreover, we’re back in sniper’s alley for US data reports, starting with Non-Farm...
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by Christopher Nye | Sep 6, 2024
Having heard Germany’s Balance of Trade shrinking earlier, the top-level data continues shortly with eurozone GDP and employment. Will any of that influence the ECB as it gathers next week to decide interest rates? A further 25 basis point drop is expected. EUR/USD...
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by Christopher Nye | Sep 6, 2024
It was positivity all round in the UK housing industry with construction up, mortgages down and prices rising. Looking ahead, almost no movement in GBP/EUR for 10 days should not lull anyone into a false sense of security, with high-level economic reports queuing up...
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by Christopher Nye | Sep 6, 2024
Sterling was becalmed yesterday against the euro and US dollar. The dollar itself weakened by around 0.25% against major currencies as America’s labour market appeared to loosen further. The euro gained against all but sterling, as a notably safe pair of hands was...
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