by Julian Benson | Jul 15, 2024
Nothing could console a bleary-eyed England this morning after Sunday’s loss to Spain in the Euro 2024 final, but the pound’s barnstorming performance last week offers a small morsel of comfort. Last Friday, the pound reached its highest level over the euro in...
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by Jonathan Cook | Jul 12, 2024
Inflation and core inflation fell by more than expected in June, which has some in US markets expecting two rate cuts this year. Given the caution with which Fed chair Jerome Powell has approached his mandate, that seems far from certain, which could lead to more USD...
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by Jonathan Cook | Jul 12, 2024
While it doesn’t tell the full story on inflation, news that German wholesale prices fell by 0.3% in June — the steepest fall since December — will have been an encouraging data point for the European Central Bank. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Jul 12, 2024
It’s been a good week for sterling. The pound has risen by three quarters of a per cent against the euro while improving by a cent and a half against the US dollar. The pound has built some positive momentum, but there’s no telling whether that will last or come...
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by Jonathan Cook | Jul 12, 2024
The pound and the euro both rose against the US dollar on the back of lower than expected inflation numbers. Headline inflation in the US sank to 3% in June, the lowest figure since this time last year. At one point yesterday, GBP/USD rose to its highest level in...
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