by Christopher Nye | Jun 25, 2024
The euro has started to stabilise again after its recent losses borne out of worries over political instability and interest rate cuts. We will shortly get a final reading for French GDP, but more influential is likely to be Germany’s GfK Consumer Confidence reading...
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by Christopher Nye | Jun 25, 2024
Despite the euro’s improved position, the pound continues to stay at a level over 1.5% stronger than last year, while strengthening against the US dollar. There is little on the horizon to disrupt GBP from a data point of view today. GBP/EUR past year 1 Min 5 Min 1 Hr...
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by Charles Purdy | Jun 25, 2024
Sterling bounced back against the US dollar and to a lesser extent against most other currencies yesterday, while weakening slightly against a resurgent euro. GBP/EUR continued to soften, following a clear signal that the Bank of England will be cutting interest rates...
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by Charles Purdy | Jun 24, 2024
It’s been a more muted fortnight for sterling as it has drifted from its near two-year high of mid-June against the euro. However, it remains well above the average position of the past year and, indeed, the past five years’ average. To fix that rate, 1.5% up on this...
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by Jonathan Cook | Jun 24, 2024
Sterling had a tricky end to last week after the latest interest rate announcement from the Bank of England came with the caveat that the decision was finely balanced. GBP/USD fell to its lowest in over a month on Friday after the release of upbeat US manufacturing...
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