by Jonathan Cook | Nov 6, 2025
Sterling held its own for the most part on Wednesday, trading sideways against the US dollar and euro after several days of weakness. Bank policymakers have the power to shake things up this lunchtime and the pound could move substantially between now and the end of...
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by Jonathan Cook | Nov 6, 2025
The Bank of England’s interest rate decision forms the crux of a crucial day for the pound and is the last significant milestone before the autumn Budget. Predictions are split between a hold and a quarter-point cut, with the votes expected to tally six in favour of a...
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by Charles Purdy | Nov 5, 2025
In her address to the nation yesterday chancellor Rachel Reeves hinted strongly at across-the-board tax rises in the Budget now three weeks away, saying “we all need to do our bit” to help the UK’s dire finances. If she does raise the basic tax rate it will be the...
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by Christopher Nye | Nov 5, 2025
The dollar strengthened against the pound for reasons we all know about yesterday, but it also hit a three-month high against the euro as a further interest rate cut from the Fed appears less likely this year. The US government shutdown continues to limit data coming...
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by Christopher Nye | Nov 5, 2025
The single currency was in reactive mode yesterday, as macro-economics in the UK and USA had opposite effects. The euro gained 0.40% against the pound and lost 0.40% against the US dollar. Final PMI data is coming through now. Business confidence in the bloc has shown...
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