by Charles Purdy | Apr 8, 2024
Sterling starts the week slightly on the backfoot against the euro and US dollar. It’s close to the lowest for the past couple of months, but still over 3% stronger than this time last year against the euro. Speak to your account manager about locking in that 3% gain...
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by Jonathan Cook | Apr 8, 2024
Friday’s focus was on non-farm payrolls, but an equally significant data point was US unemployment. Joblessness fell from 3.9% to 3.8% in March, which suggested elevated interest rates were doing little to control the exuberance of American companies. EUR/USD: the...
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by Jonathan Cook | Apr 8, 2024
It’s not often you see a central banker press conference get heated, but that was the case at the ECB’s last meeting as policymakers tried to assert their independence form the Fed. We’re expecting a return to something more civilised, but questions are certainly...
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by Jonathan Cook | Apr 8, 2024
The UK economy returned to growth in January having previously dipped into a technical recession. This week’s GDP data for February provides another chance to prove it has turned a corner, although growth is by no means assured. GBP/USD: the past year 1 Min 5 Min 1 Hr...
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by Jonathan Cook | Apr 8, 2024
A new week brings the latest instalment of central banker Springwatch. As markets look to see who will emerge from their interest rate burrows first, there is a distinct focus on inflation and employment, two themes that dictate much of monetary policy. The European...
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