GBP: GDP figures due on Thursday

Sterling is still weaker against the euro and the dollar this morning following the Bank of England’s monetary policy meeting last week. Only two members of the Monetary Policy Committee voted to hike interest rates, whilst seven voted to keep the rate the same. This...


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Pound weaker ahead of GDP figures

The pound is still weaker against the euro and the dollar this morning after the Bank of England’s interest rate decision last week. Just two BoE policymakers voted in favour of raising interest rates, whilst seven voted to keep the rate the same. This week, all eyes...


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Traders rethink and look for better data

The pound starts the week still with no recovery in sight after the past week where it fell against EUR and USD by around 2%. Against the euro at least it has only returned to the levels of early October, so hardly a catastrophic reversal. You can still get around 5%...


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EUR: Eurozone business growth at six-month low

The euro has strengthened against the pound but has weakened against the dollar as the US Federal Reserve’s tapering announcement continues to affect the single currency. Markit PMI figures were released yesterday and revealed that eurozone business growth in October...


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