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Pound strengthens after UK growth surprise

The mood across global markets was steadier this morning after a stronger-than-expected UK growth report and a calmer tone from investors worldwide. New data from the Office for National Statistics showed that the UK economy expanded by 0.3 per cent in November,...


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GBP: Pound takes growth boost in its stride

The pound started Thursday strong after the upbeat growth data, supported by expectations that the Bank of England will keep signalling gradual rate cuts rather than abrupt changes. Falling borrowing costs (now at their lowest in over a year) have taken the edge off...


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USD: Dollar mixed amid geopolitical risk

The US dollar remained range-bound as risk appetite improved and political noise around the Federal Reserve eased. After steady inflation numbers, traders are content to wait for the next major catalyst. For now, the dollar is treading water after its strong start to...


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Pound weathers Washington storm

The fallout from the Trump administration’s attack on the Federal Reserve reached epic proportions yesterday as a global group of policymakers, including The Bank of England’s Andrew Bailey, issued an unprecedented joint show of support for the independent central...


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