by Jonathan Cook | Oct 21, 2025
The US dollar will finally be influenced by some cold, hard economic data. Despite the government shutdown, the American economy will report inflation figures on Friday. Those figures may have an outsized impact given the scarcity of other reference points. EUR/USD:...
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by Jonathan Cook | Oct 21, 2025
Any advances the euro might have been able to pull off on Monday were halted by news that S&P had downgraded France’s sovereign bonds. The move from AA- to A+ sends a significant message to investors about the uncertainty of the political picture and could bring...
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by Jonathan Cook | Oct 21, 2025
Ahead of Wednesday’s crunch inflation report, Bank of England governor Andrew Bailey provided the pound with a little boost. Future interest rate cuts would have to be “gradual and careful” in order not to upset the delicate balances within the economy, Bailey said....
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by Jonathan Cook | Oct 21, 2025
UK net borrowing increased to £20.2 billion in September from £15.3 billion in August, the latest setback for Chancellor Rachel Reeves as she prepares for next month’s autumn budget. That was the second largest spending deficit recorded in this calendar year and comes...
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by Jonathan Cook | Oct 20, 2025
Sterling failed to make much headway against the euro last week, a period dominated by more evidence of economic weakness and some home truths delivered by Chancellor Rachel Reeves. The UK economy is suffering from several problems. Most importantly, it only grew by...
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