by Julian Benson | Aug 22, 2024
The pound soared to a one-year high against the US dollar yesterday after data showed the US labour market was weaker than initially expected. The pound is currently 2.5% higher than this time last year. Against the euro, the pound added 0.25% on Wednesday despite a...
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by Jonathan Cook | Aug 21, 2024
The US dollar has recorded three days of losses against a basket of rival currencies on the trot. As the US awaits comments from the Fed, the broader market pivot to a risk on tone has seen the US dollar struggle to pare back the losses it has suffered. EUR/USD: the...
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by Jonathan Cook | Aug 21, 2024
The ECB was the first major central bank to the monetary loosening party. If market predictions are anything to go by (and we’d be the first to cast doubt on this), then the euro should brace for the impact of another 0.25% cut to borrowing costs. GBP/EUR: the past...
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by Jonathan Cook | Aug 21, 2024
GBP/USD continued to climb on Tuesday and analysts at Scotiabank expect that to continue. According to them, technical factors and the absence of major economic data mean that the pound could climb even further in the coming days, although as ever, that’s far from a...
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by Jonathan Cook | Aug 21, 2024
The US dollar continued to plunge on Tuesday, heading down towards its yearly lows against both the pound and the euro. Its rapid fall from grace has been fuelled in large part by a key week for the Federal Reserve, which releases FOMC minutes tonight before its...
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