by Jonathan Cook | Jan 22, 2024
The euro shed about a quarter of a per cent against the pound while EUR/USD dipped by around half a per cent last week. If recent comments from ECB policymakers are anything to go by, we shouldn’t be expecting any interest rate cuts soon. Christine Lagarde led a...
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by Jonathan Cook | Jan 22, 2024
Sterling lost a bit of value to the US dollar last time out, despite gaining by around 0.25% against the euro. The services-heavy UK economy will come under scrutiny this week with the S&P services PMI for January. The index is now in positive territory, and any...
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by Jonathan Cook | Jan 22, 2024
It was a week of ups and downs for sterling last time out, with economic data the key driver of the moves. Is inflation back for good or would November’s increase prove to be small potatoes? For many, the answer was the latter, although its hard to be sure when risks...
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by Jonathan Cook | Jan 19, 2024
The euro bounced around but ended yesterday little changed against its main rivals. ECB president Christine Lagarde has warned markets to call their jets on interest rate expectations. An overexuberance in markets could lead to a return of inflationary forces, she...
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by Jonathan Cook | Jan 19, 2024
Sterling dipped against the euro and the US dollar in early morning trading, having made small gains in yesterday’s session. The big news this week was that UK inflation increased to 4% in November, up from October’s 3.9%. Despite this, markets have been stable and...
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