by Jonathan Cook | Dec 4, 2023
The euro was beaten back by both the US dollar and the pound in last week’s session. Behind its slide were a series of rapidly cooling inflation reads from the eurozone’s major economies. As inflation fell in France, Italy, Germany, and other countries, markets began...
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by Jonathan Cook | Dec 4, 2023
GBP/EUR climbed to its highest level in over two months last week, as sterling made gains following cooling inflation data out of the eurozone. GBP/USD began this week around 0.45% up from where it began last week after a topsy-turvy time for the US dollar. It...
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by Charles Purdy | Dec 1, 2023
Sterling continued its upwards trajectory against the euro yesterday, which has taken it upwards by close to 2% in the past two weeks. Against the US dollar, sterling’s recent gains were pared back sharply yesterday, but it remains nearly 4% up on the start of...
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by Charles Purdy | Dec 1, 2023
Sterling gained a quarter of a percent overall yesterday against the euro, while losing close to twice that amount against the US dollar. We will shortly get a final reading for manufacturing PMI to round off the week. There is plenty of lower-level data coming down...
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by Charles Purdy | Dec 1, 2023
Proving once again that good news for a country can be bad news for its currency, the euro lost essentially across the board yesterday as inflation fell in the eurozone. Later today several members of the ECB’s rate-setting committee will be talking, which will be...
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