by Jonathan Cook | May 29, 2024
Sterling’s strength carried over into the new week, as the pound remained within touching distance of its highest against the euro in over a year. GBP/USD is also at its highest for two months, while EUR/USD continued to make slow but steady gains. The UK bank holiday...
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by Julian Benson | May 28, 2024
After a relatively quiet week concerning Federal Reserve commentary, the coming speeches from Fed policymakers will be closely scrutinised should they speak on interest rates and inflation outlook. Markets expect commentary to touch on core PCE inflation figures which...
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by Julian Benson | May 28, 2024
On Friday, Eurostat will reveal the preliminary euro area inflation for the month of May which has remained at 2.4% since March. Markets forecast the rate to increase ever-so-slightly to 2.5%. Investors will keep their eyes peeled as any unexpected announcements could...
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by Julian Benson | May 28, 2024
With a light calendar this week on the economic data front, the pound remains at the mercy of the volatile markets and foreign data releases. A key release this week is US PCE inflation on Friday.
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by Julian Benson | May 28, 2024
Following yesterday’s UK market closure, the pound soared to a two-month high against the euro in the early hours of this morning as traders continued to digest Friday’s retail sales data. Against the US dollar, sterling rose to levels not seen since early...
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