by Jonathan Cook | Oct 17, 2024
The pound wrestled with Wednesday’s news that inflation had fallen to 1.7% in September, ceding ground to its major rivals as markets boosted bets on interest rate cuts. Yesterday’s session would prove punishing for the pound, which lost around half a cent to the euro...
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by Jonathan Cook | Oct 16, 2024
In busier times, a dreary manufacturing report from New York could have been brushed off as an aberration. However, given the rare scarcity of US data to begin this week, markets ran with the news and consigned the US dollar to a day of minor losses to its continental...
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by Jonathan Cook | Oct 16, 2024
Germany ZEW report gave the euro a nice boost on Tuesday. The positive news will have been as good for morale as it was for fundamental analysis, particularly ahead of Thursday’s interest rate drama. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Oct 16, 2024
With unemployment falling, it took a smaller piece of the jobs report to support sterling. The number of people employed in the UK rose to 373k in the three months to August, well clear of the forecast 250k. GBP/USD: the past year 1 Min 5 Min 1 Hr...
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by Julian Benson | Oct 16, 2024
This morning, the pound lost 0.4% against the euro following the news that UK inflation fell to 1.7% in September, the lowest since April 2021. Compared to forecasts of 1.9%, this inflation decline is welcomed by economists as it is now below the Bank of England’s 2%...
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