by Jonathan Cook | Aug 30, 2024
A few days of minor retreats have eroded little of sterling’s position. The pound is still flying high against the euro and the US dollar, but sustaining that momentum will be an extremely tough task. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
read more
by Jonathan Cook | Aug 30, 2024
The pound climbed to within reach of its highest level this year against the euro on Thursday, as inflation figures from the eurozone pointed to an easing in price pressures – as well as the potential for further interest rate cuts from the European Central Bank...
read more
by Jonathan Cook | Aug 29, 2024
Investors are unanimously betting that the Federal Reserve will begin cutting interest rates in September. Market consensus has swung recently towards a 0.5% cut, although it would not be a major surprise for the Fed to tread a more cautious path. 1 Min 5 Min 1 Hr 1...
read more
by Jonathan Cook | Aug 29, 2024
Amid conversations of a weaker US dollar and sterling gains, the euro has quietly also made significant gains this month, adding just under 3% since late July. However, this afternoon’s inflation figures for the euro area could influence its current position. GBP/EUR:...
read more
by Jonathan Cook | Aug 29, 2024
Sterling’s rapid ascent against the US dollar faces a key test today with the second estimate for US GDP data in Q2. Any change to the initial estimate of 2.8% growth could have a major impact on GBP/USD. GBP/USD: the past year 1 Min 5 Min 1 Hr 1...
read more
