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USD: Argentina support backfires

Donald Trump’s White House has been a staunch supporter of Argentina’s Javier Milei. Along with the funding injection, Trump recently agreed to import more Argentine beef – a move that angered American farmers, who until recently had been suffering from a funding...


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EUR: EU hit by second heist

Heists are back in style. First in Paris, but now evidently in Greece, where police arrested dozens of people accused of accessing EU agriculture funds by posing as farmers. Police said that they had successfully stolen almost €20 million euros, with the sting part of...


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GBP: Bad for sterling, good for Reeves

Wednesday was one of those odd days where good news for the UK economy meant bad news for the pound. Sterling would recover from its early stumble, but there is no mistaking the change in tone within markets. To many, rate cuts are back on the menu, presenting the...


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Inflation result piles on risk for sterling

Inflation result piles on risk for sterling

UK inflation has just been revealed to have stayed stable at 3.8% in September. The impact on exchange rates was to send the pound into an immediate tailspin. It is currently around 0.5% down on the US dollar and 0.25% down on the euro since yesterday. Although...


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