by Charles Purdy | Oct 10, 2025
The US dollar carried all before it yesterday, gaining 0.75% against the pound. The dollar index’s nine-week high, despite the Federal government shutdown with no end in sight, seems mainly based on higher bond yields in the US and a hawkish tinge to recent Federal...
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by Jonathan Cook | Oct 9, 2025
European Central Bank President Christine Lagarde once again spoke of the opportunity in front of the euro. Her comments were even more aggressive this time, suggesting now was a “unique opportunity” to end the US dollar’s dominance. The euro has strengthened by over...
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by Jonathan Cook | Oct 9, 2025
Every pound that Rachel Reeves can find down the back of the sofa will be appreciated before the autumn budget. So, it was welcome news that the ONS had given her a couple of billion pounds in extra breathing room. Sterling was still little moved by this – it will...
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by Jonathan Cook | Oct 9, 2025
A quiet day in the world of currency saw the pound largely unchanged against both the US dollar and the euro on Wednesday. In the absence of meaningful data, focus instead shifted to the Federal Reserve and the FOMC’s release of minutes from its last meeting. Those...
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by Jonathan Cook | Oct 9, 2025
A majority of Federal Reserve governors believe there is room for more easing of interest rates before the end of the year. That could prove to be another pinch point for the US dollar, which weakened against both the pound and the euro last night before regaining its...
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