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USD: Orders keep flowing

The US dollar remained under pressure from interest rate bets yesterday. That was despite a surprisingly strong showing in September’s durable goods report, which beat market forecasts to increase by 0.5% month-on-month. EUR/USD: the past year 1 Min 5 Min 1 Hr 1 Day 1...


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EUR: Germany needs deeper reform

Germany’s economy requires more wholesale change than just government spending, the International Monetary Fund (IMF) said yesterday. Analysts believe that further bold reforms both domestically and at the EU level would be necessary for Europe’s largest economy to...


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GBP: Relief boosts sterling

The furore around the Budget has cast a long shadow over the pound for some time. With the Budget finally out of the way, sterling strengthened by about half a cent against the US dollar and euro on the absence of any nasty surprises. Just how long the relief will...


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Reeves and sterling navigate Budget Day, OBR leak

The Office for Budget Responsibility (OBR) dropped an unprecedented clanger yesterday, mistakenly releasing its fiscal forecast before Rachel Reeves had stood up to deliver the autumn Budget in the Commons. The OBR would later apologies for a breach that took markets...


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Wait nearly over, and not just in the UK

Wait nearly over, and not just in the UK

While Britain was in the continuing waiting game before today’s Budget, a bigger potential story was developing elsewhere, with claims of a breakthrough in peace talks between the US, Russia and Ukraine. The euro gained some 0.5% against the US dollar as Ukraine has...


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