by Jonathan Cook | Feb 29, 2024
The euro has found some respite in recent weeks, stabilising and even advancing slightly against its major rivals. A slew of inflation data from today threatens this fragile situation, as does next week’s interest rate decision from the European Central Bank. GBP/EUR:...
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by Jonathan Cook | Feb 29, 2024
Despite increasing by more than estimates (1.7%) the US Personal Cosumption Expenditure (PCE) index, which tracks the weighted cost of living for US households, increased by just 1.8% in the fourth quarter of 2023, the weakest growth since 2020. USD/EUR: the past year...
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by Jonathan Cook | Feb 29, 2024
Sterling lost around 0.15% to the euro on Wednesday while recovering to finish the day unchanged against the US dollar. EUR/USD also mounted an afternoon fightback after the release of US data. US GDP growth for the final quarter of 2023 was revised down from an...
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by Charles Purdy | Feb 28, 2024
The pound is reaching the end of the month nearly 3% stronger against the euro than the start of the month, but just a little down on the US dollar. Looking at the annual picture, however, GBP/EUR is up 3% and GBP/USD up 5%. So, as we approach what is traditionally...
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by Jonathan Cook | Feb 28, 2024
The pound traded blows with the euro and the US dollar yesterday but ended what was a skittish session almost unchanged against both. After surging in the morning, EUR/USD also fall back to around parity in the afternoon’s trading. We’re now just one week out from the...
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