by Jonathan Cook | Feb 15, 2024
The pound fell back against its main rivals on Wednesday after January’s inflation figures undershot expectations. Despite cooling inflation, Andrew Bailey is still playing hardball over interest rates. The Bank’s governor noted that progress had been made but...
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by Jonathan Cook | Feb 15, 2024
The euro finally found something to grab on to on Wednesday, climbing by 0.4% against the pound and 0.25% against the US dollar. This may have been the result of improved unemployment figures, but in reality speak more to an increased risk appetite across the...
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by Jonathan Cook | Feb 15, 2024
The US dollar had a mixed day, notching modest gains against the pound while finding itself fending off a belated euro fightback. There wasn’t much in the way of macro data for the US to analyse, so thoughts instead turned to equities on Wall Street. Sentiment has...
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by Charles Purdy | Feb 14, 2024
It was all hearts and flowers for sterling yesterday when the employment and earnings data beat market expectations. In particular, British bosses continuing to pay salary increases of 6.2%, way above inflation, will have suggested to the Bank of England that there is...
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by Jonathan Cook | Feb 14, 2024
The euro fell to its lowest level in half a year against the pound yesterday, continuing a miserable streak for the single currency. Battered and bruised, the euro then dipped by more than a cent against the US dollar, while GBP/USD fell by a slightly smaller amount....
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