by Charles Purdy | May 13, 2024
Even the interest rate decision from the Bank of England (BoE) on Thursday was unable to shake sterling out of the stability it’s held since the first week of January this year. The pound remains 2% up on last year against the euro. To recap, the BoE held interest...
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by Jonathan Cook | May 13, 2024
This week’s heavy dose of US data will give plenty of ammunition for those wanting to pile pressure on the Fed. Each tranche of data will see markets pouring over it like hawks, or potentially like doves… EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | May 13, 2024
We haven’t written much about the euro in recent weeks and that’s probably a good thing. The euro is riding a decent wave of stability, although currency veterans will know how quickly that can change. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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by Jonathan Cook | May 13, 2024
Sterling managed to navigate a pretty perilous Thursday and Friday without much deterioration. There was a minor fall around the Bank of England decision, but nothing major by any stretch. A week without much macro detail may just do it some good. GBP/USD: the past...
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by Jonathan Cook | May 13, 2024
Last week was all about the UK, as the Bank of England hinted at interest rate cuts and GDP expanded by much more than expected in the first quarter. Now it’s the US’s turn to hog the limelight in what could be a crucial week for the Federal Reserve. Currency markets...
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