by Jonathan Cook | Sep 30, 2025
UK Chancellor Rachel Reeves gave the strongest indication yet that she would raise taxes to plug the government’s spending deficit at the autumn budget. Speaking at the Labour party’s annual conference in Liverpool, Reeves again highlighted the “tough choices” the...
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by Jonathan Cook | Sep 29, 2025
Sterling was little changed against the euro over the course of last week, bobbing up and down by half a cent without ever really threatening to break the deadlock. The pound ended Friday still close to a two-month low – the result of several weeks of damaging...
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by Jonathan Cook | Sep 29, 2025
The US dollar took a hit to end last week with focus shifting once again to the Federal Reserve. Markets took the latest core PCE report as a sign that faster interest rate cuts were on the horizon, placing strain on the US dollar and adding to the pressure Fed...
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by Jonathan Cook | Sep 29, 2025
Last week provided something of a reality check for the euro, which had previously been basking in the warm waters of a multi-year high against the US dollar. The euro held its own against the pound but weakened by over a cent against its American foe. GBP/EUR: the...
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by Jonathan Cook | Sep 29, 2025
Sterling’s struggles over the summer have been well documented, but there’s little grounds for predicting a turnaround in the near term. Persistent concerns around government spending haven’t gone away, while the latest maneuvering within the Labour party adds an...
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