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EUR: Quietly confident

The euro strengthened slightly against the pound on Wednesday and still sits close to a 30-month high. Trading has been quietly confident for some time now, with the European Central Bank signalling stable rates, lower inflation and a hopeful growth outlook. GBP/EUR:...


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GBP: Politics destabilises pound

Sterling slipped against its peers across Wednesday as an extraordinary rift at the heart of government opened. UK markets will no doubt spend the majority of today chewing over the growth figures and what they mean for the Budget. Another angle of speculation is the...


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UK economy shrinks, deepening Westminster crisis

Prime Minister Keir Starmer yesterday sought to contain an extraordinary political crisis, denying accusations that he had authorised Downing Street staff to brief against health secretary Wes Streeting. Government insiders claim Streeting has been gunning for the top...


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Pound down as jobless rise piles pressure on PM

The news that unemployment has hit 5% in the UK has increased speculation on a leadership challenge to the prime minister Sir Kier Starmer. With manifesto-busting tax rises likely in the Budget two weeks away, both the chancellor and her leader’s own jobs could be...


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USD: Losses against all but the yen

There were sizeable losses for the dollar yesterday almost but not quite across the board. The cause was the likely end of the US government shutdown today. There will also be a phalanx of interest rate setters from the US Federal Reserve talking, so watch out for...


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