by Jonathan Cook | Sep 4, 2024
Bank of America yesterday raised its growth forecasts for the UK economy to 1.1% in 2024 and 2025. Analysts now predict the economy will easily exceed the initial projection of 0.8% growth, with a decent chance it could drift even higher. GBP/USD: the past year...
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by Jonathan Cook | Sep 4, 2024
Currency markets were dominated by a risk-off tone on Tuesday. Geopolitical uncertainty and continuing weakness in American manufacturing meant that the US dollar benefitted from safe-haven trades and European currencies struggled. GBP/USD lost almost half a cent...
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by Jonathan Cook | Sep 3, 2024
Labor day typically marks the end of summer and US markets may be looking at September as a chance for a fresh start. The US dollar has slipped lately, but a booming economy could cause a shift in that dynamic. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1...
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by Jonathan Cook | Sep 3, 2024
The results in the German state elections caused concern in Berlin but also in Brussels. Political leaders there are looking for stability to emerge from an economic downturn. A resurgent AfD is unlikely to help with that. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day...
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by Jonathan Cook | Sep 3, 2024
Entering the ninth month of 2024, sterling can look back on a year of strength. Despite some ups and downs, the pound is over 1% up against the euro more than 2% up against the US dollar. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom...
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