by Charles Purdy | Mar 25, 2024
The pound weakened at the tail end of last week in the aftermath of the interest rate decision from the Bank of England and – more importantly – the upbeat comments on inflation from the governor Andrew Bailey. Over the course of Thursday morning to Friday evening...
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by Jonathan Cook | Mar 25, 2024
There isn’t much US data for us to look at before Easter as the majority arrives on Thursday and Friday. We will, however, be keeping a close eye on Tuesday’s durable goods orders, which are forecast to shoot up from negative territory last month. EUR/USD: the past...
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by Jonathan Cook | Mar 25, 2024
The German Ifo Business Climate Index surged to 87.8 in March, well above forecasts of 86 and last month’s revised figure of 85.7. Sentiment was again boosted by excitement over interest rates, and perhaps too the recent clarity that has emerged around the ECB’s path...
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by Jonathan Cook | Mar 25, 2024
February’s UK retail sales were unchanged from January. That’s not exactly impressive, but even zero growth is better than the 0.5% decline many had been expecting. Of course, this was not a shocking enough figure to stop sterling’s slide in the wake of the Bank’s...
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by Jonathan Cook | Mar 25, 2024
The pound lost a good chunk of value to both the euro and the US dollar during last week’s trading. This was primarily caused by the impression that the Bank of England (BoE) would look to cut interest rates soon and complete three rounds of cuts in 2024. GBP/EUR fell...
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