by Jonathan Cook | Nov 29, 2023
The pound and the euro both gained over half a percent on the US dollar yesterday, after Federal Reserve governor Christopher Waller said he was “increasingly confident” that current interest rates would slow the US economy’s inflation to its 2% target. For those...
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by Julian Benson | Nov 28, 2023
The Japanese yen gained 0.28% against the US dollar during this morning’s Asian session following general weakness for the greenback following rumours the Federal Reserve is done raising interest rates. For more on currencies and currency risk management strategies,...
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by Julian Benson | Nov 28, 2023
At 4pm (UK time) Christine Lagarde, president of the European Central Bank is due to speak via a pre-recorded video in European Parliament before the Committee on Economic and Monetary Affairs.
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by Julian Benson | Nov 28, 2023
Andrew Bailey, of the BoE, expressed concern that inflation will prove sticky below 4.0%. He said, “Policy is operating in what I call a restrictive way at the moment — it is restricting the economy. The second half, from there to 2%, is hard work.” GBP/USD: the past...
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by Julian Benson | Nov 28, 2023
The pound jumped to multi-month highs yesterday against the euro and US dollar following comments from the Bank of England governor, Andrew Bailey, who warned that rates would not be cut “in the foreseeable future.” Later in the day, sterling fell slightly, but...
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