by Ryan Morrison | Mar 5, 2026
Markets are still trading the same story, but the mood shifted overnight. Reports that Iranian operatives have indirectly approached the CIA to discuss terms for ending the conflict gave investors a reason to exhale – and the dollar, which had surged roughly 2%...
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by Jonathan Cook | Mar 4, 2026
The rapidly escalating crisis in the Middle East is wreaking currency havoc. Sterling has strengthened by close to a cent against the euro since the start of the week, but just how long it can maintain that remains something of an open question. In Westminster, the...
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by Jonathan Cook | Mar 4, 2026
After benefitting from the crisis in the Middle East, the US dollar faces a couple of tricky labour releases before the week is out. Non-farm payrolls and unemployment data could knock the dollar from its perch after strengthening by nearly 2% against its main rivals...
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by Jonathan Cook | Mar 4, 2026
An interesting research note from Deutsche Bank yesterday highlighted the correlation between the euro and the price of energy. Essentially, for every 10% rise in the price of oil, there has been a 0.8% decline in EUR/USD since 2017. That’s because markets view energy...
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by Jonathan Cook | Mar 4, 2026
The Bank of England must chart a course through another crisis. Should the conflict in the Middle East persist, it may find cutting interest rates at the pace we expected just weeks ago to be a stretch. For now, the pound is facing a volatile outlook. GBP/USD: the...
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