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11.12.24 - 12:13
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Sterling at strongest on euro since March 2022, eyes pre-Brexit levels (Reuters EN)
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Sterling at strongest on euro since March 2022, eyes pre-Brexit levels By Alun John LONDON, Dec 11 (Reuters) - Sterling was at its strongest against the euro in two-and-a-half years on Wednesday, supported by a relatively hawkish Bank of England and political uncertainty in France and Germany, though it dipped against a strengthening dollar. The euro dropped as low as 82.35 pence, its lowest since March 2022, though was last a fraction stronger on the day at 82.50 pence....
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10.12.24 - 10:51
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Sterling rises towards highest in over 2-1/2 years versus euro (Reuters EN)
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Sterling rises towards highest in over 2-1/2 years versus euro By Stefano Rebaudo Dec 10 (Reuters) - Sterling rose against the euro towards its highest level in over 2-1/2 years as investors expect the European Central Bank to cut rates and provide some dovish guidance on Thursday, with the Bank of England seen keeping its current policy next week....
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10.12.24 - 09:33
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Another UK GDP miss would bode ill for sterling (Reuters EN)
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BUZZ-COMMENT-Another UK GDP miss would bode ill for sterling Dec 10 (Reuters) - The pound may be lacking in pre-Christmas cheer if UK gross domestic product data comes in softer than expected for a second consecutive month. Growth of 0.1% is the Reuters poll forecast for October GDP, due on Friday at 0700 GMT, to follow September's unexpected contraction of 0.1%....
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09.12.24 - 16:52
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Sterling wary of 1.28 ahead of inflation data, rate announcements (Reuters EN)
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BUZZ-COMMENT-Sterling wary of 1.28 ahead of inflation data, rate announcements With BoE rate expectations skewed slightly higher before upcoming rate meetings, sterling bulls are likely to remain optimistic heading into 2025, barring a downside surprise in UK inflation. Currently, futures are pricing a 80% chance the Fed will cut by 25bp on Dec. 18, while the BoE is expected to remain on hold....
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06.12.24 - 20:03
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GBP/USD capped by key moving averages above 1.28 (Reuters EN)
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BUZZ-GBP/USD capped by key moving averages above 1.28 GBP (-0.2%) rebound peters out at crucial hurdles. Range = 1.2721-1.2811 First test of 200-week/day MA at 1.2814-22 keeps a lid on GBP U.S. payrolls supports a Fed Dec cut (85%) Minimal room for further dovish repricing is a headwind for GBP/USD Eyes on U.S. CPI as Fed officials open door to Jan skip Fed's Hammack "Fed at or near time to slow pace of rate cuts" Support sits at 1.27, 1.2665 (Aug low) and 1.25 For more click on FXBUZ gbpusd dai...
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06.12.24 - 19:14
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Sterling falters, alternatives to dollar remain scarce (Reuters EN)
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BUZZ-COMMENT-Sterling falters, alternatives to dollar remain scarce Dec 6 (Reuters) - Sterling enjoyed a brief jump after the U.S. payrolls report showed a rise in the unemployment rate that supported the case for a rate cut at the Fed's final policy meeting of the year, but lack of follow-through gains underpinned the view that alternatives to the dollar are lacking....
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06.12.24 - 12:52
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Sterling heads for another week of gains ahead of US jobs data (Reuters EN)
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Sterling heads for another week of gains ahead of US jobs data By Greta Rosen Fondahn LONDON, Dec 6 (Reuters) - The pound was set for a third week of gains against the euro and a second against the dollar on Friday, ahead of key U.S. jobs data, and after political turmoil in France dominated market action during the week. Sterling was flat against the greenback, at $1.2760 GBP=D3 , as the spotlight stayed on the U.S....
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05.12.24 - 17:04
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Sterling′s room to run hinges on key Fibo (Reuters EN)
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BUZZ-COMMENT-Sterling's room to run hinges on key Fibo GBP/USD extended its recent gains on Thursday, rising to a 3-week high at 1.2771, and a close above key Fib resistance at 1.2761 is likely to embolden bulls further. The market appears to be refocusing on sterling-positive relative rate expectations as investors await more clarity on Trump trade policies....
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05.12.24 - 12:37
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Sterling ticks higher in third day of gains (Reuters EN)
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Sterling ticks higher in third day of gains By Harry Robertson LONDON, Dec 5 (Reuters) - The British pound rose for a third consecutive session on Thursday as it continued to recover from a six-month trough hit in late November. Sterling climbed 0.15% on Thursday to $1.2721 GBP=D3 , up from a recent low of $1.2475 on Nov. 22. The euro was flat versus sterling at 82.78 pence EURGBP=D3 , around its lowest in more than two years as political stress in France and a weak euro zone economy take their...
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05.12.24 - 12:05
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BoE survey backs gradual stance, bodes well for EUR/GBP downside (Reuters EN)
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BUZZ-COMMENT-BoE survey backs gradual stance, bodes well for EUR/GBP downside Dec 5 (Reuters) - The latest Bank of England Decision Maker Panel survey (DMP) is largely in line with the quarterly rate cut narrative that policymakers have stuck by. While there was good news on wage growth, having dropped to 4% in November from 4.1% in October on a three-month basis, improvements in CPI expectations look to have stalled....
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04.12.24 - 12:20
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Sterling briefly dips following remarks from BoE′s Bailey (Reuters EN)
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Sterling briefly dips following remarks from BoE's Bailey By Greta Rosen Fondahn LONDON, Dec 4 (Reuters) - Sterling briefly dipped against the dollar on Wednesday after Bank of England Governor Andrew Bailey said gradual cuts in interest rates were likely over the coming year, and the process of falling inflation was well embedded. The pound fell as much as 0.33% to $1.2630 after Bailey's remarks to the Financial Times Global Boardroom event....
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