by Jonathan Cook | Jan 11, 2024
GBP/EUR fell by just 0.1% yesterday but sterling climbed by a third of a per cent over the US dollar. BoE governor Andrew Bailey didn’t say as much as perhaps markets hoped during yesterday’s remarks. He approved of high street banks reducing the cost of their...
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by Jonathan Cook | Jan 11, 2024
The euro made modest gains in yesterday’s session, adding 0.4% against the US dollar and around half that against the pound. GBP/USD rose by around a third of a per cent although there was an absence of punchy macro evidence to back up the swing. The euro’s...
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by Charles Purdy | Jan 10, 2024
While sterling has had a slightly negative start to the week against the euro, it retains most of its gains from last week and is still 1% up on where it started the year. As mentioned on Monday, we are entering shark-infested waters for anyone committed to a large...
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by Jonathan Cook | Jan 10, 2024
EUR/USD fell by around a third of a per cent yesterday, while GBP/EUR was essentially unchanged. The European economy has thus far proven itself fairly well insulated from higher interest rates. The eurozone’s unemployment rate fell to just 6.4% in November, bolstered...
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by Jonathan Cook | Jan 10, 2024
Sterling lost around half a cent against the US dollar yesterday but traded flat against the euro. The UK’s GDP fell by more than expected in October, so November’s numbers offer a clean slate when they land on Friday. Economic activity is expected to have expanded by...
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