by Christopher Nye | Aug 8, 2025
Whether because all of Europe is at the beach or because there was little to interest the markets, the euro barely moved yesterday, apart from against the pound, where it weakened by 0.6% over the working day. The highlight next week will be the ZEW Economic Sentiment...
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by Christopher Nye | Aug 8, 2025
The pound strengthened by just over half a percent against major rivals yesterday following comments from BoE governor Andrew Bailey yesterday. In making their decisions on interest rates the BoE relies on data, and next week we have a few influential data points,...
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by Charles Purdy | Aug 8, 2025
Sterling surged against all-comers yesterday following the Bank of England’s (BoE) interest rate cut. It was a day of drama for its Monetary Policy Committee (MPC) which had an unprecedented second vote after failing to reach a majority on the first. In the end the...
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by Jonathan Cook | Aug 7, 2025
The Federal Reserve’s Neel Kashkari made an appearance yesterday and his words did much to surmise the US dollar’s quandary. With the economy slowing, two further rate cuts this year seemed the correct pace, Kashkari said, although if tariffs began to cause higher...
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by Jonathan Cook | Aug 7, 2025
The euro performed well against its rivals on Wednesday, strengthening on improved risk appetite and some signs of progress on the trade front. While European leaders agreed a deal with Trump last week, the euro was boosted by the eurozone delaying reciprocal tariffs...
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