by Jonathan Cook | Oct 16, 2025
The UK economy expanded by 0.1% in August following an unexpected contraction in July. In a boost for Britain’s industry, much of this activity was driven by a strong performance from the manufacturing sector, as well as healthy demand for air conditioning units...
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by Charles Purdy | Oct 15, 2025
The pound weakened yesterday after the UK’s unemployment rate hit its worst since the pandemic and pay rises eased. Sterling’s losses were fairly modest at half a cent or so against the euro, and not across the board, but they did wipe out all the gains that GBP/EUR...
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by Christopher Nye | Oct 15, 2025
There is wall-to-wall red on the charts for USD today following pointed comments from Fed chair Powell on the loosening labour market. If it leads to lower borrowing costs President Trump and business will be happy, but the currency markets took...
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by Christopher Nye | Oct 15, 2025
After falling for most of the month, EUR/USD staged a recovery yesterday, gaining half a cent in the afternoon session and holding onto it despite disappointing mood music from a ZEW report. We’re getting some final inflation data through shortly, but the markets will...
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by Christopher Nye | Oct 15, 2025
The pound has been buffeted by central banker comments on both sides of the Atlantic in the last 24 hours, weakening yesterday but making up some – but not all – ground overnight. Tomorrow it’s the turn of economic data in the form of Gross Domestic Product (GDP, i.e....
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