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The US dollar is weaker against all the G10 currencies today. The New Zealand dollar is the strongest, which might fit into the narrative that the carry trades are making a comeback, but the yen and...
The British pound has extended its gains on Friday. GBP/USD is trading at 1.2887 in the European session, up 0.31% on the day at the time of writing. It has been a winning week for the pound, which...
GBP/USD Key Points Both the UK (2.2% y/y) and US (2.9% y/y) CPI reports came in a tick below expectations Readers risk behind the curve by focusing on a storyline (inflation) that the market has...
According to the Consumer Price Index (CPI), UK headline inflation was +2.2% (YoY) in July versus the +2.3% rise forecasted and was a touch higher than June’s +2.0% print – the Bank of England’s...
Unemployment rate fell to 4.2%, with a decrease in both short-term and long-term unemployment. UK wage growth slowed to its lowest level in two years, yet surpassed market expectations. Despite...
GBP/USD is stabilizing ahead of key US and UK inflation data this week. Strong US inflation could shift rate cut expectations, while UK data may influence the Bank of England’s decisions. The pair...
GBP/USD Key Points Tuesday’s UK Construction PMI came in above expectations at 55.3, the highest reading in more than two years Time will tell whether traders are overly optimistic that the BOE will...
The British Pound has been under increased pressure over the past few weeks, facing serious resistance as it tries to break important long-term levels against the dollar and euro. GBP/USD exceeded...
The calls earlier this week for an emergency rate cut seemed to be a call for the Fed put, which, we argue is misunderstood. It is not about the stock market per se but financial stability, which did...
The US economy added 114K jobs in July, well below expectations. The private sector added 97K jobs, the smallest increase since March last year. The market's knee-jerk reaction was also exacerbated...
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