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GBP: More proof needed

An unexpected drop in unemployment in February is a reassuring snapshot of economic resilience, but economists were quick to suggest we shouldn’t read too much into it. Labour force participation is falling (including among young people) and self-employment is on the...


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USD: Curiously subdued

The US dollar got out of the blocks slowly on Monday, weakening slightly against the pound and a basket of its closest rivals. Perhaps investors are waiting for today’s retail report for some direction, although it was interesting to observe the absence of a...


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EUR: More consumer fright?

This morning’s German consumer sentiment survey from the centre of economic research (ZEW) will be closely watched after a massive fall in March. Economists expect the mood to dip further into negative territory, although perhaps not by as much as during the Ukraine...


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GBP: Steady despite risks

Sterling navigated a fraught environment on Monday, moving little against both the US dollar and the euro despite the shifting situation in the Middle East and the prime minister’s peril. Its current position does look vulnerable given the raft of challenges it faces....


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Starmer survives ‘judgement day’

Staring down a major political crisis, Sir Keir Starmer on Monday faced accusations of misleading parliament over the appointment of Peter Mandelson as ambassador to the United States, albeit only invertedly. In a moody afternoon session, the PM pinned the scandal on...


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