by Jonathan Cook | May 20, 2024
The pound posted a storming performance last week, but that was in the absence of much to stand in its way. Inflation on Wednesday is a different beast entirely, and that could soon knock the pound off its perch. GBP/USD: the past year 1 Min 5 Min 1...
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by Jonathan Cook | May 20, 2024
Sterling sauntered into the new week after reaching its highest level against the euro in two weeks and its highest against the US dollar since early April. All told, the pound gained two cents on the US dollar, while GBP/EUR picked up about 0.5%. The euro also had a...
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by Jonathan Cook | May 17, 2024
The pound clung onto recent gains against its rival on Thursday, perhaps helped by a clear path created by a light data schedule. The Bank of England’s Megan Greene was on the speech circuit, although her uncontroversial observation that inflation had waned since last...
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by Jonathan Cook | May 17, 2024
If you listen carefully, you’ll notice a distinct uptick in the number of financial figures discussing debt. That’s particularly true for the US, but now the ECB has rowed in. For now, it’s business as usual for the euro, but policymakers will be bearing this in mind...
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by Jonathan Cook | May 17, 2024
It’s all been slightly confusing in recent days for the US dollar. Markets now seem to think a September interest rate cut is back on the cards but basing that on only a handful of economic figures seems risky, particularly with all we’ve seen this year. EUR/USD: the...
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