by Julian Benson | Nov 1, 2023
Ahead of Thursday’s interest rate decision, the monetary policy committee are said to be considering lowering interest rates to avoid a recession. The current split between policymakers is 1-6-2 for a 25 basis-point cut, hold and 25 bp rate hike. GBP/USD: the past...
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by Julian Benson | Nov 1, 2023
The pound-to-euro rate slid to its lowest level in five months yesterday as eurozone inflation declined more than expected to 2.9% in October. The markets had forecast a decline from 4.3% in September to 3.3% but were pleasantly surprised with the 2.9% reading. This...
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by Charles Purdy | Nov 1, 2023
For the past two weeks the pound against the euro has continued in much the same way, barely moving within a thin range. However, it did flicker into life yesterday, recovering around 0.6% on the day, and has strengthened marginally against other currencies too. Why...
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by Charles Purdy | Oct 31, 2023
The dollar fell across the board yesterday, in a day without any high-level data from the US side. This afternoon we will get some housing market numbers, and tomorrow is the first of two key labour market readings: JOLTS job openings. There will also be ISM...
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by Charles Purdy | Oct 31, 2023
Yesterday was a good day for the euro, powered by better-than-expected data from the eurozone’s largest economy, Germany. EUR strengthened by 0.5% against USD and by 0.8% against CNY. We have just had a reading for French GDP of 0.1% growth for Q3 (no surprises there,...
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