by Jonathan Cook | Feb 15, 2024
The US dollar had a mixed day, notching modest gains against the pound while finding itself fending off a belated euro fightback. There wasn’t much in the way of macro data for the US to analyse, so thoughts instead turned to equities on Wall Street. Sentiment has...
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by Charles Purdy | Feb 14, 2024
It was all hearts and flowers for sterling yesterday when the employment and earnings data beat market expectations. In particular, British bosses continuing to pay salary increases of 6.2%, way above inflation, will have suggested to the Bank of England that there is...
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by Jonathan Cook | Feb 14, 2024
The euro fell to its lowest level in half a year against the pound yesterday, continuing a miserable streak for the single currency. Battered and bruised, the euro then dipped by more than a cent against the US dollar, while GBP/USD fell by a slightly smaller amount....
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by Jonathan Cook | Feb 14, 2024
The euro came under more pressure in Tuesday’s session, falling by around 1% against the pound and the US dollar. The ZEW Economic Sentiment Index was rather drowned out yesterday, but the seventh straight month of increases should not be forgotten. The ZEW is at its...
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by Jonathan Cook | Feb 14, 2024
GBP/EUR reached its highest level since August 2023 on Tuesday. GBP/USD then fell after news of US inflation arrived. UK unemployment numbers fell by more than expected in December and are now sat at a healthy looking 3.8%. UK inflation and GDP numbers are the week’s...
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