by Julian Benson | Jul 25, 2024
US president, Joe Biden, gave a rare national address from the Oval Office yesterday, framing his decision to step down as a presidential candidate to “pass the torch” to his current vice, Kamala Harris. He also said, “I revere this office, but I love my country...
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by Charles Purdy | Jul 24, 2024
The pound has continued in its now familiar holding pattern, close to a two-year high against the euro but not quite breaking above it. It has slipped further against the US dollar and is now around 1% weaker than last week. The main influences on GBP/EUR remain...
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by Jonathan Cook | Jul 24, 2024
The US economy is looking to better its first quarter growth of 1.4% when preliminary Q2 GDP figures are released on Thursday. Economists are predicting that number to rise to around 2%, which would present the Federal Reserve with an interesting conundrum. EUR/USD:...
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by Jonathan Cook | Jul 24, 2024
The eurozone’s preliminary consumer confidence indicator for July increased to its highest level since February 2022. While still below the ten-year average, interest rate cuts and the diminished threat of the far-right in France have buoyed the mood in consumer...
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by Jonathan Cook | Jul 24, 2024
Sterling has enjoyed some real strength recently, but its position seems once more to be under threat. The pound has underperformed a basket of currencies this week (aside from the antipodean dollars) and this morning’s services data could fuel further weakness....
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