by Charles Purdy | Nov 29, 2023
Sterling hit its highest level against the euro for six weeks and against the US dollar since the end of August yesterday, as policymakers from the Bank of England travelled the length of the country telling anyone who will listen that interest rates are not coming...
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by Jonathan Cook | Nov 29, 2023
The greenback’s slide carried over into the middle portion of this week, as the US dollar lost ground to the pound and the euro. Quarterly GDP growth is out today, and investors will be watching closely to gauge any feedback from tightened fiscal policy. Markets are...
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by Jonathan Cook | Nov 29, 2023
The euro performed strongly against the US dollar yesterday, while losing some value to the pound in back-and-forth trading. Spain led the charge of European inflation data due today, with the Iberian nation’s headline rate falling by 0.4% month-on-month, much more...
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by Jonathan Cook | Nov 29, 2023
The pound touched its highest level in months against the US dollar and continues to make smaller gains against the euro. BofE governor Andrew Bailey warned on Monday that rates would remain elevated for the foreseeable future, and Jonathan Haskal reiterated that...
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by Jonathan Cook | Nov 29, 2023
The pound and the euro both gained over half a percent on the US dollar yesterday, after Federal Reserve governor Christopher Waller said he was “increasingly confident” that current interest rates would slow the US economy’s inflation to its 2% target. For those...
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