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The latest data shows UK growth slowed in the third quarter. The figures released this morning show the UK economy grew 0.1% in Q3, below market expectations and a significant slowdown from Q2 at 5%....
Last week’s budget has made life more complicated for the Bank of England. A rate cut is all but certain, but the combination of extra fiscal stimulus and a volatile US election aftermath means...
USD: Solid momentum The sharp drop in oil prices has been the biggest market story this week. Yesterday, the Israeli prime minister said the country is considering US concerns when planning a...
USD: Range-bound Casting around the globe to identify key FX drivers, we note the following: Saturday's China fiscal stimulus measures lack detail, oil is steady as markets await Israel's...
USD: Downside risks from data this week China’s steps to support the housing and stock market have led to a rush to buy Chinese stocks this morning, ahead of the National Day 1-7 October holiday....
USD: Reflationary policies are a mild dollar negative The top news this European morning is a package of monetary easing measures delivered by Chinese authorities overnight. Our Chief Economist for...
USD: Softer amid intra-day volatility Amid much intra-day volatility, DXY is down around 0.5% on the week. That's not much, but DXY is now just a whisker away from the lowest levels in two years....
USD: All to play for in Philadelphia FX markets are marking out ranges as they wait for fresh inputs. Overnight we saw some better Chinese trade data, where exports surprised on the upside and...
USD: Cautious Powell may give some help to the dollar The latest batch of US data has not firmly argued in favour of a 50bp Federal Reserve rate cut in September, and most FOMC members have also...
EUR/USD has posted a new yearly high as the pair continues to attract buying interest. The bullish momentum seen earlier this month has re-emerged this week pushing the euro past the 1.10 mark...
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