by Jonathan Cook | Jan 5, 2024
The US dollar jumped up against its major rivals yesterday, buoyed by the possibility of interest rates being kept higher for longer. US markets remain transfixed by the possibility of Federal Reserve rate cuts, but as yet there hasn’t been much movement. FOMC minutes...
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by Jonathan Cook | Jan 5, 2024
Sterling picked up around a quarter of a per cent against the US dollar while falling by a similar amount against the euro. The services-heavy UK economy was dealt a boost yesterday, with the S&P PMI coming in above expectations at 53.4. That followed a host of...
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by Jonathan Cook | Jan 5, 2024
Sterling briefly reached its highest level of the young year against the US dollar in yesterday’s session before its rally lost some steam. The euro, meanwhile, had a far more positive day, recording small but spirit-boosting gains against the pound and the US dollar....
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by Jonathan Cook | Jan 5, 2024
This morning, we heard German retail sales fell more than expected in November, dropping by 2.5%, compared with forecasts of a 0.1% decline. This marks the biggest monthly decline since April 2022 and reverses the 1.1% growth seen in...
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by Julian Benson | Jan 4, 2024
Investors woke up to a dampened appeal for the pound yesterday as business pessimism and a bleak economic outlook weigh on the currency. GBP/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...
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