by Jonathan Cook | Dec 4, 2023
GBP/EUR advanced by over 1.2% last week and made smaller gains on the US dollar, as markets became more strident in their view that the BoE would be the last of the three to loosen policy. It’s another relatively light week for UK data. That may just be the calm...
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by Jonathan Cook | Dec 4, 2023
The euro was beaten back by both the US dollar and the pound in last week’s session. Behind its slide were a series of rapidly cooling inflation reads from the eurozone’s major economies. As inflation fell in France, Italy, Germany, and other countries, markets began...
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by Jonathan Cook | Dec 4, 2023
GBP/EUR climbed to its highest level in over two months last week, as sterling made gains following cooling inflation data out of the eurozone. GBP/USD began this week around 0.45% up from where it began last week after a topsy-turvy time for the US dollar. It...
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by Charles Purdy | Dec 1, 2023
Sterling continued its upwards trajectory against the euro yesterday, which has taken it upwards by close to 2% in the past two weeks. Against the US dollar, sterling’s recent gains were pared back sharply yesterday, but it remains nearly 4% up on the start of...
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by Charles Purdy | Dec 1, 2023
Sterling gained a quarter of a percent overall yesterday against the euro, while losing close to twice that amount against the US dollar. We will shortly get a final reading for manufacturing PMI to round off the week. There is plenty of lower-level data coming down...
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