by Jonathan Cook | Mar 3, 2026
Thanks to the crisis in Iran and economic news that told conflicting stories, the euro had a little trouble finding direction on Monday. Italy’s economic growth came in at a tepid 0.5% across the whole of 2025, but Germany’s manufacturing output for February was...
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by Jonathan Cook | Mar 3, 2026
For the chancellor, the goal of today’s spring statement is to cause as little fuss as possible. The limited fiscal headroom and Labour’s precarious political standing have led her team to brief the press for a quiet lunchtime in parliament. Currency markets will have...
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by Jonathan Cook | Mar 3, 2026
The US dollar and other safe-haven assets began Monday with a powerful surge as the Iran conflict prompted investors to shun riskier positions. The pound hit multi-week lows against the euro and the US dollar before bouncing higher across the afternoon’s trading. The...
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by Christopher Nye | Mar 2, 2026
The pound has weakened to its lowest point against the US dollar and euro since mid-December following the US and Israeli strikes on Iran. Retaliatory strikes from Iran have now stretched as far as Dubai and British interests in Cyprus. Some hints had already hit the...
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by Charles Purdy | Mar 2, 2026
Markets go into Monday with one word on their mind: risk. The US and Israel’s strikes on Iran began early on Saturday, but hints had already hit the markets on Friday with a negative impact on sterling. The main risk is oil. If the oil price spikes it will bleed into...
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