by Jonathan Cook | Dec 19, 2023
Sterling fell back slightly against its major rivals yesterday as markets braced for Wednesday’s inflation numbers. The BoE’s Ben Broadbent said that policymakers needed to see more evidence that wage growth was falling before interest rates could be cut....
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by Jonathan Cook | Dec 19, 2023
USD/GBP and EUR/GBP gained by around 0.3% and 0.4% respectively yesterday ahead of Wednesday’s UK inflation release. Sterling had enjoyed a strong end to last week after the Bank of England (BoE) suggested they shaded more hawkish on rates than other central banks....
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by Jonathan Cook | Dec 19, 2023
USD/GBP was boosted by around a third of a per cent yesterday, with the US dollar losing a touch of ground to the euro. US homebuilders are becoming more confident that lower borrowing costs will boost their industry. We’ll get a bit more detail on this today with the...
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by Charles Purdy | Dec 18, 2023
Much of the world may be winding down for Christmas, but for the business world and economic data this is a busy week. For the UK, the week will be dominated by the inflation reading on Wednesday morning and then, just as people throng to the shops for last minute...
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by Julian Benson | Dec 18, 2023
The pound soared to a four-month high against the US dollar on Friday following the Bank of England’s decision to keep interest rates on hold. The GBP/USD rate dropped slightly at the end of Friday’s session but remains over 1% higher since this time last week. The UK...
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