by Jonathan Cook | Dec 20, 2023
The US dollar fell against both the pound and the euro in Tuesday’s session. Markets interpreted last week’s Federal Reserve meeting as a dovish pivot, although Jerome Powell did not seem entirely convinced the battle against inflation was over. There may be some more...
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by Jonathan Cook | Dec 20, 2023
This morning investors heard that the GfK consumer climate indicator for Germany rose to -25 heading into January, from -27.6 in December. This is the highest morale has been since August amid notable rises in income expectations and propensity to buy. The eurozone...
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by Jonathan Cook | Dec 20, 2023
Sterling recorded gains against its rival currencies on Tuesday as markets ramped up bets that stubborn inflation would force the Bank of England to be slower to cut interest rates. UK consumers have been relatively resilient to rate increases, but a good test of that...
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by Jonathan Cook | Dec 19, 2023
The euro made modest advances on both sterling and the US dollar in yesterday’s session. Germany’s Ifo business sentiment index reported an unexpected fall in corporate confidence. The monthly survey surprised to the downside, with December’s number coming in below...
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by Jonathan Cook | Dec 19, 2023
Sterling fell back slightly against its major rivals yesterday as markets braced for Wednesday’s inflation numbers. The BoE’s Ben Broadbent said that policymakers needed to see more evidence that wage growth was falling before interest rates could be cut....
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