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GBP: Hawks fly high

GBP/EUR was little changed last week, as sterling clung to its gains while falling modestly against the US dollar. There isn’t much debate that the BoE will leave rates unchanged this week. The main point of difference may be how many of its bankers vote for a further...


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EUR: Inflation progress

EUR/GBP traded mostly flat last week, while the euro lost some value against a resurgent US dollar. The eurozone has made good progress in is fight against inflation. Will recent figures from Germany, France, Spain and others prove enough to lower rates on Thursday?...


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Where will sterling go in pivotal week?

The new week finds sterling holding on to most of the gains it has made on the euro over the past three weeks, leaving it still close to its three-month high. Against the US dollar too, the pound is around 2.5% up on this time last month. However, GBP/USD did lose...


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USD: Markets await potentially pivotal data

The dollar fell against most other currencies, but apart from against the yen it has been a somewhat tepid week. Will that change today with Non-Farm Payrolls? Not much is expected – around 180,000 new jobs – but we have been surprised before. There will also be a...


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