USD: CPI figures due later today

The dollar reached a 4-month high against the euro yesterday, as it continues to strengthen following a positive Non-Farm Payrolls report at the end of last week. The markets will turn their focus to US inflation rate figures later today. High inflation could boost...


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GBP: Consumer spending rose in July

The pound rose to a new 18-month high against the euro yesterday, still boosted by the Bank of England’s monetary policy meeting last week. There are expectations that the BoE could taper policy and hike interest rates ahead of the European Central Bank, which has so...


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Pound strong ahead of GDP data tomorrow

The pound is still strong against the euro this morning, trading around 18-month highs as it continues to benefit from the Bank of England’s monetary policy meeting last week. Following comments from officials, there is now a strong expectation that the BoE could...


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Is the job market key to sterling’s future?

This morning, the pound continues its upwards trajectory and remains around an 18-month high against the euro. Against the dollar, sterling has weakened slightly as markets await US inflation data later today. The pound’s strength against the euro, however, is still...


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