by Jonathan Cook | Jan 9, 2024
EUR/USD was on the rise yesterday, although the euro’s gains against the pound were wiped out as the afternoon wore on. The German balance of trade increased last month to a surplus of €20bn. The German manufacturing sector relies heavily on foreign exports, and the...
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by Jonathan Cook | Jan 9, 2024
The US dollar lost around a third of a per cent against its European rivals in yesterday’s session. Analysts expect Friday’s inflation figures to show both the core and the headline read to have nudged up slightly in December. With headline inflation predicted to...
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by Jonathan Cook | Jan 8, 2024
The US dollar lost some ground to the pound in Friday’s session while chasing back a brief euro rally. Undeterred by the dark clouds in other economies, the US labour market keeps adding jobs. 213K were added in December, representing remarkable strength considering...
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by Jonathan Cook | Jan 8, 2024
The euro had a quiet end of the week, treading water against the US dollar and falling modestly against the pound. Eurozone inflation picked up last week, a worrying reversal to its trend that analysts have long warned could happen. The spotlight will remain on...
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by Jonathan Cook | Jan 8, 2024
Sterling ended the week up almost a cent up on the US dollar and less than a quarter of a per cent up against the euro. UK house prices rose for the third consecutive month, according to the Halifax price index, and are now at their highest level since March 2023. The...
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