by Jonathan Cook | Feb 24, 2026
Sterling faces a tricky week this time out. Number 10 was unusually forceful in its language around American trade tariffs yesterday, which could well have an outsized impact on the UK economy. There’s also the little matter of the Gorton & Denton by-election to...
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by Jonathan Cook | Feb 24, 2026
Donald Trump’s tariff agenda looks set to dominate another week in currency markets. Although sterling strengthened slightly against its main rivals to start the week, there was a sense that the latest twist in the trade war could come back to haunt Britain. That’s...
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by Charles Purdy | Feb 23, 2026
If the pound was the weather, it would be the weather in Britain since the start of the year. Distinctly soft and soggy, especially against the euro. However, this was not entirely unexpected. In our January to March Quarterly Forecast several leading financial...
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by Charles Purdy | Feb 23, 2026
Friday’s big takeaway was that politics, not policy, set the tempo again. The US Supreme Court’s decision to curb President Trump’s use of emergency powers for sweeping tariffs has left investors trying to work out what comes next. Not whether tariffs go away. Just...
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by Charles Purdy | Feb 23, 2026
Sterling ended last week with more confidence, helped by more upbeat updates on spending and the public finances. The catch is that rate expectations are still doing the heavy lifting. The Bank of England’s next decision (19 March) remains the key date in the diary,...
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