by Julian Benson | Dec 14, 2023
Yesterday, UK investors heard that the British economy shrunk 0.1% during a time of high inflation. This may have influenced the pound’s losses yesterday, as it fell close to 0.3% against the euro and US dollar, ahead of the Federal Reserve’s interest rate decision....
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by Charles Purdy | Dec 13, 2023
After a strong bounce upwards on Monday to its best position for three months, GBP/EUR was like a slowly deflating balloon yesterday. This morning’s news that the economy shrank by 0.3% in October, considerably worse than market expectations, has sucked even more air...
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by Jonathan Cook | Dec 13, 2023
The US dollar advanced on its closest rivals yesterday on the back of underwhelming inflations prints, before those gains evaporated in the afternoon. USD/GBP climbed higher this morning in reaction to the UK’s GDP figures. Core inflation rose from 0.2% in October to...
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by Jonathan Cook | Dec 13, 2023
GBP/EUR fell by around a third of a per cent yesterday, while sterling fought back against the US dollar before again dipping lower this morning. News that the UK’s GDP output turned negative in October will be a worry to everyone, but none more so than the BoE. If...
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by Jonathan Cook | Dec 13, 2023
The euro chased back some of the US dollar’s gains yesterday while gaining around a third of a per cent on sterling. After last week’s healthier inflation reads, the eurozone could be forgiven for reacting to the latest ZEW survey with glee. The key German version...
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