by Christopher Nye | Jun 14, 2024
The euro was the biggest loser of the week, declining against most major currencies on the back of the ECB leading the way in cutting interest rates last week and the French president calling an election. After a quiet week for eurozone data, next week also starts...
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by Christopher Nye | Jun 14, 2024
While recent gains against the US dollar were reversed, GBP/EUR has strengthened again. Will that last into next week? Inflation data will be out on Wednesday and the Bank of England will make its interest rate decision on Thursday. GBP/EUR past year 1 Min 5 Min 1 Hr...
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by Charles Purdy | Jun 14, 2024
Sterling has continued to strengthen against the euro, having gained well over 1% over the week to yet another strongest position since August 2022. Against the US dollar, all of Thursday’s gains have now gone, but GBP/USD remains 2% up on this time last year. The...
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by Jonathan Cook | Jun 13, 2024
Currency markets reacted fast to May’s inflation data. It’s a story we’ve seen many times over the last few years and one invariably followed by a swift correction. With the figures coming thick and fast, it’s unlikely that recent volatility is behind us. EUR/USD: the...
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by Jonathan Cook | Jun 13, 2024
A million different factors combine to impact a country’s economic growth, but one frequently cited variable in April was the weather. Time will tell if this is true, but zero growth is a slightly troubling detour for the UK economy, even though it had been expected....
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