GBP: Spending shivers down your spine

Halloween is over a month away, and the autumn budget another month beyond that, but the latest government finance report was enough to spook the skittish bond market. Borrowing costs rose again on Friday, piling yet more pressure on the pound and the chancellor....


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Sterling cedes momentum after spending dust-up

The pound’s strong start to last week faded across Thursday and Friday as more troubling government spending figures worsened the chancellor’s headache. We’re still some way off from the autumn budget, yet speculation is rife. The latest figures take government...


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USD: Dollar carries all before it

The dollar strengthened against the vast majority of currency pairs yesterday, including almost 1% against the pound. After a busy week on the currency markets the week splutters to an end with not much happening data-wise, but could there be a correction from...


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EUR: Euro weakens against dollar

It was a rare reversal for the single currency against the dollar yesterday, dropping close to three-quarters of a cent. Or perhaps more of a correction, as EUR/USD remains up on the week and month. Next week will be all about business optimism (or pessimism) with PMI...


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GBP: Steady pound’s losses minimised

Although sterling weakened yesterday against almost all currency pairs, we have ended a period of high impact data relatively unscathed, with declines of less than 0.5%. It’s not all over yet: on Tuesday we have the purchasing managers index (PMI). GBP/USD past year 1...


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