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Falling inflation leads to a weakened pound

Yesterday proved that good news for the economy and public isn’t always reflected in the currency, when a sharp decline in monthly inflation led to the pound weakening. Around 1.5% was knocked off GBP/USD and 0.75% off GBP/EUR, taking with it all the gains of the past...


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Little love for sterling this morning

Sterling’s love letter from the currency markets lasted until Valentine’s Night but no further. A solid week of gains that had seen GBP/EUR strengthen by 2% over eight days came to an abrupt halt this morning with the inflation figures. On the plus side, the...


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UK inflation falls to six-month low

Following the boost the positive wage growth data gave the pound yesterday morning, it was a rather calm day for other major currencies euro and US dollar. The data revealed that UK wage growth accelerated in the three months leading up to December but remained below...


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GBP: Positive wage growth data

Yesterday morning employment change data revealed that the number of people in work in the UK grew by 74,000 in the three months to December. This was well above market expectations of a 40,000. GBP/USD over the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...


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EUR: Employment boosted in Euro Area

The number of people employed in the Euro Area rose by 0.4% on the quarter in the last three months of 2022, according to yesterday’s results. This takes the number of employed people in the Euro Area to 165.07 million – the most since early 2021. Year-on-year stats...


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