Author: Samuel Birnie
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US dollar stumbles as risk appetite returns Daily Update
August 8 2024Pound (GBP) mixed in absence of data A lack of UK data left the increasingly risk-sensitive pound (GBP) to be driven by the market mood yesterday, … read more
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Pound slides amid BoE rate cut bets and civil unrest Daily Update
August 7 2024Pound (GBP) extends downside amid BoE rate cut bets The pound (GBP) faced selling pressure yesterday as markets continued to price in the … read more
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Global market selloff drives significant currency volatility Daily Update
August 6 2024Pound (GBP) weakens amid BoE rate cut speculation The pound (GBP) fluctuated lower yesterday as a global market selloff fuelled bets that the Bank … read more
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US dollar plummets following weak jobs data Daily Update
August 5 2024Pound (GBP) claws back losses on BoE comments The pound (GBP) initially remained on the back foot on Friday as the Bank of England’s (BoE) … read more
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Pound plunges as BoE cuts interest rates Daily Update
August 2 2024Pound (GBP) hammered by BoE rate cut The pound (GBP) plummeted to multi-week lows yesterday as investors began anticipating an interest rate cut … read more
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US dollar rises amid souring market mood Daily Update
July 30 2024Pound (GBP) wobbles amid UK tax hike fears The pound (GBP) stumbled out of the gate this week amid fears that UK Chancellor Rachel Reeves would … read more
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US dollar, pound and euro muted in quiet trade Daily Update
July 23 2024Pound (GBP) rangebound in absence of data The pound (GBP) wavered sideways yesterday amid a lack of UK economic data Meanwhile, concerns about … read more
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Pound stumbles as UK retail sales slump Daily Update
July 22 2024Pound (GBP) dented by downbeat retail data The pound (GBP) slipped against its stronger peers on Friday following a much larger-than-forecast … read more
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Pound retreats as UK wage growth cools Daily Update
July 19 2024Pound (GBP) weakens as UK wage growth cools The pound (GBP) stumbled yesterday, retreating from recent multi-month highs, following the latest UK … read more
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GBP/USD breaks above $1.30 following UK inflation Daily Update
July 18 2024Pound (GBP) marches higher following UK CPI The pound (GBP) strengthened yesterday after the UK’s latest consumer price index saw markets trim … read more