by Jonathan Cook | Oct 9, 2025
Every pound that Rachel Reeves can find down the back of the sofa will be appreciated before the autumn budget. So, it was welcome news that the ONS had given her a couple of billion pounds in extra breathing room. Sterling was still little moved by this – it will...
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by Jonathan Cook | Oct 9, 2025
A quiet day in the world of currency saw the pound largely unchanged against both the US dollar and the euro on Wednesday. In the absence of meaningful data, focus instead shifted to the Federal Reserve and the FOMC’s release of minutes from its last meeting. Those...
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by Jonathan Cook | Oct 9, 2025
A majority of Federal Reserve governors believe there is room for more easing of interest rates before the end of the year. That could prove to be another pinch point for the US dollar, which weakened against both the pound and the euro last night before regaining its...
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by Christopher Nye | Oct 8, 2025
It was a day of two halves for sterling yesterday as recent losses were reversed in the afternoon. There was no particularly obvious reason for sterling to strengthen, which was almost across on the board, although against the euro the pound continues to benefit from...
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by Christopher Nye | Oct 8, 2025
The US dollar posted good results yesterday, following hawkish comments on Monday evening from one of the Fed’s monetary policymakers Jeff Schmid, who insisted that interest rates must stay high to see off inflation. We’ve got more Fed policymakers speaking today,...
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