by Jonathan Cook | Jul 18, 2024
News that UK inflation had remained unchanged at 2% in June was partly blamed on Taylor Swift, of all people. The US pop-star’s mammoth UK tour led to a significant increase in hotel and transport costs last month, a phenomenon already reported by Sweden after their...
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by Jonathan Cook | Jul 18, 2024
A day of European success saw the euro and the pound each climb to their highest level against the US dollar this year. Robust building data failed to prevent more pressure being heaped on the US dollar, while UK inflation data supported sterling. Over the course of...
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by Charles Purdy | Jul 17, 2024
The pound has climbed again this morning, in particular against the euro, following news that inflation has failed to fall quite as expected in the past month. GBP/EUR is now close even to beating the longstanding high of summer 2022. Although inflation remains at 2%...
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by Jonathan Cook | Jul 17, 2024
Currency markets have a habit of focusing on only what they want to hear. That has been the case in recent days as expectations of interest rate cuts increase. It might now require a truly shocking piece of data to convince US dollar markets that a September cut isn’t...
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by Jonathan Cook | Jul 17, 2024
If the fall in the German ZEW study was sharp, it was small potatoes compared to the eurozone. The bloc-wide study fell to 43.7 in July, having been expected to hold above 50 in consecutive months for the first time since 2021. GBP/EUR: the past year 1 Min 5 Min 1 Hr...
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