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GBP: Pound slips as political woes increase

The pound has slipped sharply this morning against the euro and a little less against USD, following a choppy day yesterday. Part of the reason is the currency markets reacting to the increased likelihood of a trade war with Europe over the Northern Ireland protocols....


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Sterling slides into Tuesday

Sterling strengthened and then weakened yesterday against most currencies, but has started today on a sharp downturn. It’s been a quiet start of the week for data in the UK, but plenty of central bankers have been talking about the economy, including ECB President...


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Pound on upswing at start of week

The pound has started off the working week in a broadly positive mode, strengthening against most other currencies this morning, albeit remaining a percentage point or so below last month. Given the economic and political uncertainty at the moment, that’s about the...


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USD: Dollar benefits from safe haven status

The dollar has strengthened against a basket of currencies this morning, benefitting from its status as a safe haven currency. Investors are concerned that high interest rates and poor economic data could mean that a global recession is approaching. A series of data...


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EUR: Busy week of data for Europe

The euro is trading in narrow ranges against both the euro and the dollar this morning ahead of a busy week for data releases and speeches from central bank members. European Central Bank President, Christine Lagarde, will speak throughout the week, including at the...


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