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GBP: Unemployment the key for this week

After a week where a lot didn’t happen – a weird non-message from the chancellor and no interest rate change – the pound may be buffeted this week by news on the economy. Watch out for tomorrow and Thursday’s data releases on jobs, earnings and...


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Economic data back at centre stage

After a tepid sort of week on the currency markets, with little overall movement against the euro or US dollar, we’re back into a period of high-level data for the UK economy. Last week the Bank of England (BoE) opted, narrowly, to keep interest rates at 4%. But can...


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USD: Softer dollar

The US dollar struggled through Thursday, losing ground to its European foes as well as the Japanese yen. There are all manner of things at play here, chief among which is stronger data reducing the chance of an interest rate cut when the Federal Reserve next meet....


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EUR: Holding firm

The pound to euro exchange rate begins Friday more or less where it ended last week. There have been a few small peaks and troughs along the way, but for now, neither has been able to break the stalemate. GBP/EUR: the past year 1 Min 5 Min 1 Hr 1 Day 1 Wk 1 MthFrom To...


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GBP: Delaying the inevitable

Today’s decision provided the pound with some welcome relief from negative pressure. However, there was a sense that it was merely delaying the inevitable. Signs of cooling inflation and clear weaknesses in the growth outlook mean a quarter-point cut will be very much...


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