by Jonathan Cook | Sep 5, 2024
The light schedule of UK data has helped sterling hold on near its highest in a month against its main rivals. Expect more volatility (and less security) in its position as the news ramps up next week. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...
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by Jonathan Cook | Sep 5, 2024
GBP/USD shot up by half a cent on Wednesday, as underwhelming US jobs data boosted the case for a swift reaction from the Federal Reserve this month. Sterling traded up slightly against the euro before seeing its advances beaten back in the afternoon session. EUR/USD...
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by Charles Purdy | Sep 4, 2024
Sterling has managed to hold onto most of its strength this week. This is despite the storm clouds gathering, as US data yesterday suggested that the world’s biggest economy is entering a recession. Share prices fell sharply again, as did the oil price, and all just...
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by Jonathan Cook | Sep 4, 2024
News of a contracting manufacturing sector had a small impact on the US dollar. A less than happy mood in markets meant there was plenty of safe-haven investment to offset any depreciation. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For...
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by Jonathan Cook | Sep 4, 2024
According to ING, the results of the recent German state elections are not having any real impact on the euro. While that may be true, growing problems in Germany may weaken the euro in the longer term. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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