German election and risk sentiment pressure the EUR
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Yesterday saw the release of US import price data at 13:30, showing that import prices had dropped by 0.3% last month. This coupled with the sl... Read More >
Economic updates
UK labour market holds strong
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The UK labour market had some good news yesterday with UK full-time employment back to pre-pandemic levels. Figures released by the ONS show un... Read More >
GBP finds its legs
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The British pound has started this week with a renewed demand, pushing up to multiple daily and weekly highs against EUR, which some market a... Read More >
A sterling revival?
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The pound has started the week on the front foot against the euro, where we are into the fourth consecutive day of positive gains. Currently ju... Read More >
The pound pops
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The pound jumped against both the euro and dollar yesterday, in a surprising move which has seen both pairs gain around the 0.8% mark. The Euro... Read More >
ECB to compound pound further?
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Lunchtime today will see the ECB announce their update to policy for the coming months which will have an influence on the price action for GBP... Read More >
Tax hike puts pound under pressure
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Yesterday, Boris Johnson announced a new health and social care tax to pay for reforms to the care sector and NHS funding in England. Its main ... Read More >
More of the same
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Another quiet day yesterday saw the pound flicker in a narrow trading range, continuing where it left off from the tail end of last week. As me... Read More >
A busy week on the calendar
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The GBP markets have opened relatively unchanged since Friday's closed. At the time of writing, GBP is trading at 1.3845 against USD and 1.16... Read More >
US labour market data in focus
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Yesterday, US initial claims for unemployment benefits printed at 340,000 against the previous 354k. Nevertheless, the market did not react to ... Read More >