USD: Look beyond growth

A GDP increase of 3% is always going to grab the headlines, but the US dollar is going to need more than some heavily caveated figures to inspire lasting confidence. Of more importance is last night’s Fed decision, as well as crucial inflation and jobs data that...


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EUR: Lost amid the noise

It’s unusual for such a busy schedule of European data to go practically unnoticed. Wednesday’s logjam meant that the euro lost ground as attention turned elsewhere, although the ongoing struggles in the German economy didn’t help its performance. GBP/EUR: the past...


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GBP: A missed opportunity

As we reach the last day of July, pound sellers may look back on the month and wonder what might have been. A five-cent fall has come after economic trouble in the UK and a (relatively) painless resolution to the trade crisis, and sterling has been unable to seize a...


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Growth muscles US dollar to two-month high

The American economy grew by an estimated 3% quarter-on-quarter in the three months to June, propelling the US dollar to its strongest level against the pound since the end of May. Sterling meanwhile strengthened by half a cent against the euro before falling back on...


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