by Jonathan Cook | Jul 17, 2024
The International Monetary Fund (IMF) has warned that interest rates could stay higher for longer unless services inflation cools. While headline inflation has fallen to the Bank of England’s target, services inflation remains elevated, staying unchanged at 5.7% last...
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by Jonathan Cook | Jul 17, 2024
UK inflation was unchanged at 2% in June 2024, marking the second consecutive month it has held at the Bank of England’s target. Although inflation remains at its lowest pace in three years, the pound was on the rise this morning as some experts predicted the...
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by Jonathan Cook | Jul 16, 2024
The twin factors of politics and monetary policy are driving US dollar movements to begin the week. If Trump were to prevail in the election, it’s hard to know how the currency would react. As a leader he is often volatile, but his protectionist policies are usually a...
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by Jonathan Cook | Jul 16, 2024
The euro began the week holding firm at its highest level against the US dollar in over a month. That strength comes ahead of the European Central Bank’s meeting this week, at which it is expected to leave interest rates unchanged. GBP/EUR: the past year 1 Min 5 Min 1...
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by Jonathan Cook | Jul 16, 2024
Wednesday’s inflation figures loom as the biggest threat to sterling’s ascendency. Currency markets can change in the blink of eye, however, and sometimes from unexpected causes. The Bank of England’s Swati Dhingra proved that yesterday, using a podcast appearance to...
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