by Jonathan Cook | Aug 8, 2024
The UK housing market is likely to be a main beneficiary of reduced borrowing costs. That process is already well under way according to yesterday’s Halifax house price index, which showed house prices climbed by 2.3% year-on-year in July. GBP/USD: the past year...
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by Jonathan Cook | Aug 8, 2024
Sterling started to recover some of its losses from earlier this week on Wednesday, as the mood in currency markets pivoted to something more positive. GBP/EUR gained around a quarter of a per cent after letting go of some further advances in the morning session....
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by Charles Purdy | Aug 7, 2024
The pound has bounced back slightly higher, or at least stopped the decline that had seen it weaken by 2% from its strongest point against the euro (and even more against the US dollar) in the past month. The (small) rise will have been helped by positivity in the UK...
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by Jonathan Cook | Aug 7, 2024
A frenetic start to the week saw calls for the Federal Reserve to announce an emergency rate cut. There was little chance of that happening and markets have duly staged a fightback. However, the US dollar faces a larger degree of uncertainty than it has for some time....
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by Jonathan Cook | Aug 7, 2024
The euro is enjoying something of a renaissance. EUR/USD held at a solid level yesterday, while the euro continues to make hay at the expense of the pound. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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