by Charles Purdy | Jan 30, 2026
Sterling maintained its position at close to a six-month high against the euro and a 4½ year high on the US dollar. Sterling maintained its position at close to a six-month high against the euro and a 4½ year high on the US dollar. However, it was knocked off the...
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by Ryan Morrison | Jan 29, 2026
The Federal Reserve has done the thing markets expected, and then somehow still made everyone nervous. Policymakers held interest rates steady overnight, after a run of cuts late last year. The message was basically: we’re not in a hurry. That steadiness would...
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by Ryan Morrison | Jan 29, 2026
Sterling has continued to look steady, helped along by a softer tone in the US dollar after the Fed decision. The pound’s move hasn’t been about a sudden burst of UK optimism as much as a lack of fresh UK negatives at the wrong moment. At home, the government’s push...
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by Ryan Morrison | Jan 29, 2026
The euro has had a constructive backdrop from the landmark EU–India trade deal, which is the kind of strategic signal markets like to see as Europe tries to reduce its reliance on single partners. The euro was little moved against the pound on Tuesday. Thanks to a...
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by Ryan Morrison | Jan 29, 2026
Alongside the trade war and the Fed’s decision to hold rates steady, the US dollar is also suffering from the risk of a government shutdown by the end of this week. Democrats and Republicans are currently negotiating over a politically charged funding bill that...
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