by Jonathan Cook | Jan 17, 2024
Sterling shot up this morning as news broke of an unexpected rebound to UK inflation. Having lost over a cent to the US dollar yesterday, GBP/USD retraced almost a third of Tuesday’s losses in early morning trading. The US dollar continued to benefit from a...
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by Charles Purdy | Jan 16, 2024
While there was little movement for the US dollar yesterday, with the markets closed, overnight the dollar has strengthened by an average of 0.5% against major currencies. Today is not especially hectic for data, but tomorrow the big data returns with retail sales....
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by Charles Purdy | Jan 16, 2024
It was a positive start to the week for the euro, gaining against most major currencies despite its largest economy – Germany – having the worst economic performance last year in the G7. There has been a downturn against the dollar, however. Germany’s final inflation...
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by Charles Purdy | Jan 16, 2024
There was little movement for sterling again yesterday, but a sharp drop against the US dollar overnight. This morning’s unemployment and earnings data will be joined by inflation tomorrow morning, with a modest drop to 3.8% (from 3.9%) expected. Any rise could upset...
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by Charles Purdy | Jan 16, 2024
Sterling enjoyed a day of stability yesterday, continuing the theme of recent weeks, with marginal losses against USD and EUR in a quiet day of trading with the US enjoying a public holiday. However, overnight the pound has weakened against the dollar by around 0.5%,...
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