by Jonathan Cook | Oct 9, 2024
The pound’s tentative recovery yesterday marked the first sign of a market correction. Sterling has a long way to go but it could benefit from a rethink over interest rates and any improvement to the situation in the Middle East. GBP/USD: the past year...
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by Jonathan Cook | Oct 9, 2024
The pound enjoyed a better day on Tuesday, climbing steadily by half a cent against the euro and the US dollar across the session. That progress masked a broader instability for sterling as talk of interest rate cuts and risk sentiment spread. EUR/USD struggled to...
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by Jonathan Cook | Oct 8, 2024
It’s a testament to how quickly market sentiment shifts that the US is now debating if the outlook has altered from a soft landing to no landing at all. This scenario would see the economy maintain growth while propelling another bout of inflation. The mere mention of...
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by Jonathan Cook | Oct 8, 2024
The euro has finally started to push back against the pound after dipping to its lowest in several years recently. That has more to do with the Bank of England than economic data from the eurozone, mind you. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...
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by Jonathan Cook | Oct 8, 2024
Bank of England chief economist Huw Pill’s efforts to balance Andrew Bailey’s comments last week went largely unheard by markets. Sterling began the week by ceding more ground to the euro and the US dollar as some are now predicting the Bank could announce rate cuts...
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