by Jonathan Cook | May 9, 2024
The pound has come under pressure this week with the UK economy firmly in the line of fire. For sterling, much will depend on the reaction to the Bank of England’s press conference and the GDP figures that arrive tomorrow. GBP/USD: the past year 1...
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by Jonathan Cook | May 9, 2024
The time of reckoning is upon the pound, as it must now navigate both the Bank of England’s interest rate decision today and Friday’s GDP figures before reaching the relative safety of the weekend. Sterling has slid in the second half of this week ahead of the key...
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by Charles Purdy | May 8, 2024
The pound slipped yesterday, dropping to its weakest position for two weeks against the euro, to levels rarely seen this year against the euro and US dollar. That has continued this morning. The Financial Times blames it on “investors raising short positions to...
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by Jonathan Cook | May 8, 2024
JOLTs job openings caused the US dollar to stumble last week, but renewed stress in the Middle East has helped it regain much of the ground it ceded to rivals on Friday. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To For more on currencies and...
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by Jonathan Cook | May 8, 2024
The eurozone’s economic data schedule is light this week, which could allow the euro to build on its recent fightback. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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