by Charles Purdy | Jul 22, 2024
Exchange rates so far have been unmoved by the various events in US politics. Another presidential term for Donald Trump was probably priced in last week, but while Biden’s withdrawal from the race mixes matters up it has barely moved the dials, so far. Compared to...
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by Jonathan Cook | Jul 22, 2024
The US dollar pared back some of its losses against the pound on Friday, but the Federal Reserve have failed to evade growing speculation that it will cut interest rates in September. This could be a key week in determining that decision, with a number of the Fed’s...
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by Jonathan Cook | Jul 22, 2024
European Central Bank (ECB) president Christine Lagarde refused to be tied down to a date for the next rate cut. Given that the ECB’s next meeting isn’t until early September, Lagarde and her colleagues are likely buying some space to see how things look when they...
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by Jonathan Cook | Jul 22, 2024
Much like the rest of the country, the pound enjoyed a mini heatwave last week, rising to its highest levels of 2024 against the euro and the US dollar. By Friday though, the ice cream had melted, which meant sterling finished the week broadly where it began against...
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by Jonathan Cook | Jul 22, 2024
Joe Biden officially dropped his re-election bid on Sunday, bowing to mounting pressure from within the Democratic party in the wake of the president’s shambolic debate performance. While hardly a shock, Biden’s decision increases uncertainty looking ahead to the...
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