by Jonathan Cook | Aug 21, 2024
GBP/USD continued to climb on Tuesday and analysts at Scotiabank expect that to continue. According to them, technical factors and the absence of major economic data mean that the pound could climb even further in the coming days, although as ever, that’s far from a...
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by Jonathan Cook | Aug 21, 2024
The US dollar continued to plunge on Tuesday, heading down towards its yearly lows against both the pound and the euro. Its rapid fall from grace has been fuelled in large part by a key week for the Federal Reserve, which releases FOMC minutes tonight before its...
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by Julian Benson | Aug 21, 2024
The US dollar continued its losing streak against the euro yesterday, taking its monthly losses to 2.25%. The currency pairing reached a level not seen since the first trading day of January, likely influenced by highly anticipated rate cuts from the Federal Reserve...
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by Jonathan Cook | Aug 20, 2024
A Bank of America survey revealed around three quarters of economists believe the US economy will escape a recession. That’s a massive reversal in mood in such a short space of time, although markets continue to worry about geopolitics and what has been perceived as a...
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by Jonathan Cook | Aug 20, 2024
It isn’t just the pound that’s going well. EUR/USD has also made some impressive progress, ending Monday’s trading at its best since the very first days of 2024. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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