by Jonathan Cook | Jul 10, 2024
The above is a question many in the US would have been asking yesterday. Last week’s jobs data was widely interpreted as the first indisputable proof of economic slowdown. Evidently, this was not enough for Jerome Powell, who continued to advocate for caution on...
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by Jonathan Cook | Jul 10, 2024
After the French election, the last thing the euro needed was to come under pressure from the US. However, Jerome Powell’s comments helped send the euro down yesterday afternoon. A boost is badly needed. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | Jul 10, 2024
The new Labour government spent a long time making plans for when they entered government. Happily for the pound, this has already translated to the launch of several policies, including the National Wealth Fund. The hope is that this political stability continues and...
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by Jonathan Cook | Jul 10, 2024
The US dollar reversed its losses on Tuesday afternoon after comments from Federal Reserve chair Jerome Powell. The pound and the euro both fell by around half a cent post lunch, having risen slightly in the morning. In written testimony to US Congress, Powell pushed...
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by Julian Benson | Jul 10, 2024
Sterling made marginal losses yesterday against key currencies, the euro and US dollar, falling by 0.16% on Tuesday afternoon. Despite yesterday’s wobble, the pound is 0.85% higher than this time last week against the US dollar. If you were buying a $500,000 property...
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