by Charles Purdy | Dec 27, 2023
While the UK markets may have been closed for the past two days, some of the world has carried on as usual and the pound has been moving, gaining around a quarter of a percent on the US dollar. There was also some sharp but short-lived movement against the euro...
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by Jonathan Cook | Dec 27, 2023
The US dollar shed some value against the pound and the euro in the pre-Christmas session. Fed chair Jerome Powell would have been pleased by the slight dip in the final Q3 US GDP read, but he still has some tricky data to analyse. With durable goods orders and...
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by Jonathan Cook | Dec 27, 2023
The euro gained on its major rivals last week, as GDP figures disappointed on both sides of the Atlantic. The eurozone benefitted from a general weakness in rival currencies, as well as favourable inflation comparisons that continued to show the ECB was on the right...
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by Jonathan Cook | Dec 27, 2023
GBP/EUR dipped by around 0.75% last week, while sterling rose slightly against a weakened dollar. The question for the UK now is when the recession will arrive. With GDP falling and inflation now below 4%, the Bank of England will surely come under increasing pressure...
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by Jonathan Cook | Dec 27, 2023
The pound ended the last week before Christmas about seven tenths of a per cent down against the euro and 0.4% up against the US dollar. The US dollar saw a mild sell-off, as markets were happy to reaffirm their bets that the Federal Reserve is on course for Q1 rate...
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