by Jonathan Cook | May 15, 2024
Another logic-defying, volatile day in currency markets yesterday saw the pound gain ground over the US dollar even as the Federal Reserve played down the prospect of interest rate cuts. Sterling advanced by more than half a cent on the US dollar during the European...
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by Julian Benson | May 14, 2024
US consumer inflation expectations for the year ahead increased to 3.3% in April 2024, the highest in five months, from 3% in each of the previous four months. Tomorrow afternoon, the US core inflation rate is expected to fall slightly to 3.7% in April, from 3.8% in...
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by Julian Benson | May 14, 2024
After two consecutive weeks of advances against the pound, euro investors will be keeping a close eye on the UK jobs report which was released this morning. Strong pay data could give the pound the boost it needs to end the week in the green and stage a...
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by Julian Benson | May 14, 2024
The pound made marginal gains against the single currency yesterday ahead of the UK jobs report. However, sterling is close to half a per cent down on the month. Looking at the bigger picture, the GBP/EUR rate is over 2% higher since this time last...
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by Julian Benson | May 14, 2024
The US dollar fell short yesterday losing around 0.3% against the euro – which remains close to a five-week high against the dollar – and 0.3% against the pound, as investors anticipated the release of the upcoming UK jobs report. This morning, the Office for National...
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