by Jonathan Cook | Nov 24, 2025
European Central Bank president Christine Lagarde was in a poetic mood on Friday, describing Europe’s growth as tied to “a world that is gradually disappearing”. There was truth behind the lyricism, too. Dependent on trade and security pacts, the euro faces up to a...
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by Jonathan Cook | Nov 24, 2025
For the near term, at least, it’s hard to think of many scenarios that would see the pound strengthen. The chancellor’s watered-down package of fiscal consolidation has already been greeted poorly by the bond market. Aside from another U-turn on tax, it’s hard to see...
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by Jonathan Cook | Nov 24, 2025
When it came to pre-Budget prep, the chancellor could hardly have had a worse Friday. New figures showed UK government borrowing overshot expectations in October. Combined with a significant fall in retail sales, the latest data dealt a fresh blow to the public...
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by Christopher Nye | Nov 21, 2025
The US dollar seemed to be in a pensive mood yesterday, despite the long-awaited Non-Farm Payrolls result looking better than many expected. PMI comes out later today and next week the post-shutdown data splurge continues. USD/EUR past year 1 Min 5 Min 1 Hr 1 Day 1 Wk...
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by Christopher Nye | Nov 21, 2025
There was little movement for the euro yesterday, but that may not be the pattern for today with the PMI numbers coming out. ECB President Christine Lagarde will be speaking soon, as will other interest rate setters from the ECB, a week ahead of the inflation data....
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