by Julian Benson | Nov 28, 2023
At 4pm (UK time) Christine Lagarde, president of the European Central Bank is due to speak via a pre-recorded video in European Parliament before the Committee on Economic and Monetary Affairs.
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by Julian Benson | Nov 28, 2023
Andrew Bailey, of the BoE, expressed concern that inflation will prove sticky below 4.0%. He said, “Policy is operating in what I call a restrictive way at the moment — it is restricting the economy. The second half, from there to 2%, is hard work.” GBP/USD: the past...
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by Julian Benson | Nov 28, 2023
The pound jumped to multi-month highs yesterday against the euro and US dollar following comments from the Bank of England governor, Andrew Bailey, who warned that rates would not be cut “in the foreseeable future.” Later in the day, sterling fell slightly, but...
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by Charles Purdy | Nov 27, 2023
The pound gained over 0.75% against the euro last week and well over 1% against the US dollar. The main reasons for that were the apparent continued health of the UK economy compared to Europe’s, as evidenced by the Purchasing Managers Index (PMI), and consumer...
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by Jonathan Cook | Nov 27, 2023
The US dollar shed some value against rival currencies as investors continued to bet that the Fed is nearing the end of its tightening cycle. Wednesday’s data on quarterly GDP growth will be a major barometer for the impact of interest rates on economic activity....
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