by Charles Purdy | Sep 19, 2025
The pound weakened against the euro and US dollar yesterday, following the widely predicted interest rate hold from the Bank of England. It has fallen further this morning to a five-week low against the euro, after news of more challenges for the chancellor....
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by Jonathan Cook | Sep 18, 2025
The Federal Reserve’s last interest rate cut came when Joe Biden still occupied the White House. After a dizzying period of chaos and rancour, policymakers have at last decided it’s safe to cut once more. That only adds to the pressure the US dollar is facing at the...
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by Jonathan Cook | Sep 18, 2025
Just across the Channel, the eurozone is experiencing a blissful period of low inflation. In fact, the headline figure was actually revised down to 2% at the second reading, hitting the European Central Bank’s target and reducing scope for an interest rate hike....
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by Jonathan Cook | Sep 18, 2025
Headline inflation held steady at 3.8% in August. That’s almost double the Bank’s target level, but the lack of an overshoot raised hopes we might be nearing the end of the latest inflation surge. If inflation comes down, the pound might come under some downward...
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by Jonathan Cook | Sep 18, 2025
Last night’s 0.25% interest rate cut from the Federal Reserve knocked the pound and the euro back slightly ahead of the Bank of England’s decision at noon today. Sterling has still strengthened by almost a cent against the US dollar since the end of August,...
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