by Jonathan Cook | Apr 15, 2026
A raft of Spanish inflation releases came in above expectations in March. While Spanish data is typically not much of a market-mover for the euro, it may have had an impact yesterday as traders extrapolate the implications across to larger European economies. GBP/EUR:...
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by Jonathan Cook | Apr 15, 2026
The IMF did rather rain on sterling’s parade yesterday, slashing its full-year growth forecasts for the UK economy by more than any other in the G7. That did not stop the pound enjoying a positive day as the risk-on mood helped it record strong advances over both the...
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by Jonathan Cook | Apr 14, 2026
It was a sea of red for the dollar this morning, with losses of around 0.75% against the pound and euro and well over 1% against the Swiss franc. In the US economy, sales of existing homes plunged by almost 4% in March. According to analysts, this was chiefly the...
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by Jonathan Cook | Apr 14, 2026
European leaders were in party mood yesterday. The election of a pro-EU leader in Hungary has renewed hopes of new funding for Ukraine and liberal European projects. The euro was little changed on Monday after the results of Sunday’s election, even if Hungary’s forint...
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by Jonathan Cook | Apr 14, 2026
A day that started with the pound on the back foot was more than reversed. After a dicey opening, the pound clawed back the cent it had lost to the US dollar overnight and strengthened to a position above when the war with Iran started. It also ended the day slightly...
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