by Jonathan Cook | Jan 8, 2026
American economic data sent mixed messages yesterday. The private sector added fewer jobs than expected in November, as openings declined across all regions. The US dollar would post a strong day despite that, with strong services output and a risk-off tone boosting...
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by Jonathan Cook | Jan 8, 2026
The euro was watching the results from this week’s heavy dose of inflation data. Most of the reads (and certainly the most impactful ones) pointed to falling price pressures across the bloc, reducing the chance of an interest rate hike come February. GBP/EUR: the past...
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by Jonathan Cook | Jan 8, 2026
Sterling’s strong start to the year finally met some resistance against the US dollar and the euro. Investors often set technical floors and ceilings where they push back on a currency’s movements. That happened yesterday as the pound reached 1.155 and 1.35 against...
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by Jonathan Cook | Jan 8, 2026
Wednesday was a day of whiplash across currency markets. Some high-profile data points from across the Atlantic suggested progress for the US dollar, but then again, there was the small matter of the seizure of a Venezuelan oil tanker sailing those same seas under the...
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by Jonathan Cook | Jan 7, 2026
2026 has begun with a stock market rally, the daring capture of a sovereign leader, and American threats against Greenland of all places. We can now add a strong start for sterling to that list, which is starting to read a little like a bad Hollywood script. The pound...
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