by Jonathan Cook | Feb 11, 2026
A defiant Sir Keir Starmer vowed yesterday to “never walk away from the country I love” amid a damaging political crisis that has sent the pound tumbling in the past week. Government borrowing costs (represented by yields on the short and long end of the curve) fell...
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by Christopher Nye | Feb 10, 2026
We’re halfway through jobs week in the USA, with one report already showing the labour market in poor shape (‘softer’, in economics parlance) and Non-Farm Payrolls due tomorrow. Even so, these are relatively quiet times for President Trump and for the US dollar. Maybe...
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by Christopher Nye | Feb 10, 2026
When you can see a mixture of green and red on the board, a currency is in reactive mode, and that’s been the euro in recent days. The steadiness of the ECB’s interest rate policy is allowing the single currency to stand still while some gain on it (sterling, the yen...
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by Christopher Nye | Feb 10, 2026
Against the US dollar, sterling has gained half a cent since yesterday. Against the euro, the pound has also recovered some composure, although it is close to 1% down on last week. Following the BRC’s good news for shopkeepers overnight, the next major data event is...
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by Charles Purdy | Feb 10, 2026
With no meaningful data from either side of the Channel, yesterday the markets focused on the likelihood of an attempt to replace the prime minister. Along with the cost of borrowing, measured by bond yields, the pound-euro rate ebbed and flowed through the day as the...
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