by Jonathan Cook | Dec 11, 2023
The US dollar climbed by nearly 1% against its major rivals last week, propelled by resilient economic performance and ongoing geopolitical risk. Data coming out of the US last week did serve to dampen expectations of imminent rate cuts from the Fed. The JOLTs job...
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by Jonathan Cook | Dec 11, 2023
GBP/EUR was little changed last week, as sterling clung to its gains while falling modestly against the US dollar. There isn’t much debate that the BoE will leave rates unchanged this week. The main point of difference may be how many of its bankers vote for a further...
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by Jonathan Cook | Dec 11, 2023
EUR/GBP traded mostly flat last week, while the euro lost some value against a resurgent US dollar. The eurozone has made good progress in is fight against inflation. Will recent figures from Germany, France, Spain and others prove enough to lower rates on Thursday?...
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by Jonathan Cook | Dec 11, 2023
GBP/EUR held onto its hard-earned gains last week, finishing Friday about level with the week prior. The pound is now up by around a cent and a half from the end of September after a streak of strong outings. Both currencies slid by nearly 1% against the US dollar,...
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by Charles Purdy | Dec 11, 2023
The new week finds sterling holding on to most of the gains it has made on the euro over the past three weeks, leaving it still close to its three-month high. Against the US dollar too, the pound is around 2.5% up on this time last month. However, GBP/USD did lose...
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