by Christopher Nye | May 31, 2024
Yesterday was poor for the euro with further weakening of the currency taking weekly losses to between 0.25% and 1.5% against leading pairs. It all comes as the ECB is expected to reduce interest rates next week. Good news on the economy, however, with unemployment at...
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by Christopher Nye | May 31, 2024
Despite a small wobble in recent days, the pound remains well up on leading currencies such as USD, CAD and JPY compared to the start of the month, although down on NOK and NZD. Against the euro, sterling has held on well to recent gains. The inflection point in both...
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by Charles Purdy | May 31, 2024
Sterling continues to ride high. Against the US dollar, the pound reversed the downward direction it took on Tuesday and Wednesday, and it ends May almost 2% up on where it started the month. Against the euro the pound has seen almost three weeks of steady gains and...
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by Jonathan Cook | May 30, 2024
The US dollar was once again the direct beneficiary of geopolitical uncertainty and market risk sentiment yesterday. The US dollar saw a big influx in volumes, which helped it chase back recent progress from its European rivals. EUR/USD: the past year 1 Min 5 Min 1 Hr...
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by Jonathan Cook | May 30, 2024
The media have begun reporting with more confidence that the European Central Bank (ECB) will cut interest rates next week. The question is whether data like yesterday’s German inflation report makes them reassess their position. GBP/EUR: the past year 1 Min 5 Min 1...
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