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GBP: Riding high

Sterling surged to a three-week high against the US dollar on Tuesday and a five-week high against the euro. The sense of post-Budget relief has been bolstered by several pieces of robust data, but as we all know, it does not take much for the house of cards to come...


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Pound jumps as peace hopes fade

Sterling strengthened against the euro and the US dollar yesterday, the result of fresh economic data and what felt like the start of a new chapter in the war in Ukraine. As Russian, American, and Ukrainian envoys failed to hammer out a deal in Moscow, the European...


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USD: Trump lines up next Fed chair

In a typically freewheeling press conference yesterday evening, US President Donald Trump touched on everything from healthcare to Venezuela. The most relevant part for the US dollar was the hint that the next chair of the Fed would be unveiled in early 2026. That...


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EUR: Contrasting numbers

The eurozone’s headline inflation rate ticked up slightly from 2.1% to 2.2% in November, driven higher by an outsized contribution from services prices. While this gave the euro a boost, the simultaneous announcement that unemployment had climbed to 6.4% was enough to...


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