by Charles Purdy | Dec 10, 2025
Some of the froth came off the pound’s recent gains yesterday, but it’s still clinging on to a position close to a six-week high against the euro. The background to exchange rate movements right now is interest rates and some volatility can be expected. The US Federal...
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by Christopher Nye | Dec 10, 2025
Positive data on job openings yesterday failed to impress the currency markets – or at least, not as much as they were concerned at the interest rate cut expected today. We’ll get that decision at 7pm UK time.
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by Christopher Nye | Dec 10, 2025
There was no coherent picture for the single currency yesterday, as it headed in wildly different directions – a 0.75% gain on the yen and smaller gains on GBP, USD and NOK but in the red against AUD and others. Christine Lagarde will be talking shortly, but will...
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by Christopher Nye | Dec 10, 2025
The froth came off the pound’s recent gains yesterday, with roughly 0.5% losses against the Aussie dollar but rather less against the US dollar and euro. The data picture picks up over the week, all leading up to the BoE’s decision a week tomorrow, so expect...
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by Charles Purdy | Dec 10, 2025
We’re in interest rate season and the US Federal Reserve goes today, with a 25-basis point cut widely expected. Any deviation from that is likely to hit the dollar one way or another. It follows a stonking US employment report yesterday, with 430,000 new jobs added....
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