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EUR: Blizzard of data surrounds ECB decision

We’re about to hear Spain’s GDP, but in the meantime the single currency continues its patchy performance. It rose strongly against the pound yesterday but weakened against most other pairs. Watch out for the interest rate decision from the European Central Bank (ECB)...


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USD: Dollar weakens as Powell limbers up

There were falls almost across the board yesterday, with just the pound offering a little green on the charts. Federal Reserve Chair Jerome Powell will be making the latest interest rate pronouncement this evening, with a 25 basis point reduction to 4% widely...


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USD: Deficits to lead to massive debt

Should current spending levels be maintained, the IMF projected that US debt ratios would reach 143% of GDP by 2030. That would be far higher than the likes of Italy and Greece endured after the financial crisis, and reflects annual deficits of over 7%. EUR/USD: the...


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EUR: Hopeful of improvement

Germany’s Ifo business climate survey came in at 88.4 in October, beating both forecasts and last month’s 87.7. The assessment of current conditions actually worsened month-on-month, yet businesses were hopeful that the economy would pick up in the next 12 months....


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GBP: Buoyant mood carries over

A happier end to last week for the UK carried over into the start of this week. Truth be told, there isn’t much fresh data for us to sink our teeth into this time around. Instead, sterling will look to rival central banks for direction and will of course be vulnerable...


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