Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News - EUR

EUR Under Pressure, ECB Rate Decision in Focus

Written by Alastair Archbold on Monday, July 22, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1161 Last week’s low: €1.1053 Euro Weakened by Italian Coalition Concerns The Euro came under pressure last week amid fears that the Italian coalition could be on the verge of collapse. The fragile coalition received another knock after League leader Matteo Salvini openly criticised the Five Star Party. As the League has…(read more)

Volatile Sterling Rebounds on UK Data and Political Speculation

Written by Alastair Archbold on Friday, July 19, 2019. Currency News - Sterling / EUR

Pound News: Sterling Remains Volatile on Strong UK Retail Stats and Brexit Speculation Following days of losses, the Pound rebounded from its worst levels against many major currency rivals yesterday. Stronger than expected UK retail sales data, as well as efforts from UK Parliament to prevent a no-deal Brexit, both bolstered Sterling demand. Britain’s June…(read more)

Sterling Exchange Rates Unmoved by Inflation Data

Written by Alastair Archbold on Thursday, July 18, 2019. Currency News - Sterling / EUR

Pound News: UK Inflation Offers No Surprises, Leaving Sterling Limp Demand for the Pound remained limited yesterday following the publication of Britain’s June Consumer Price Index (CPI) inflation rate report. The data met expectations in every major print. While the data offered no surprises, it confirmed that Britain’s inflation rate remained near Bank of England…(read more)

Pound (GBP) Exchange Rates Plummet to Monthly Lows amid Brexit Fears

Written by Alastair Archbold on Wednesday, July 17, 2019. Currency News - Sterling / EUR

Pound News: UK Jobs Data Falls on Deaf Ears as No-Deal Brexit Fears Intensify Continuing the downtrend seen since the beginning of the week, the Pound slumped yesterday. Investors sold the Pound in reaction to comments about Brexit from both the contenders to be Britain’s next Prime Minister. Frontrunner Boris Johnson and his opponent Jeremy…(read more)

Chinese Data Buoys ‘Aussie’ to 10 Day High

Written by Alastair Archbold on Tuesday, July 16, 2019. Currency News - Sterling / EUR

Pound News: UK Housing Asking Prices Slump for First Time in 2019 At the start of the week, data from Rightmove revealed that UK house asking prices slumped for the first time in 2019 as buyers’ confidence was damaged by increased Brexit uncertainty. Sterling was left under pressure as asking prices for residential properties advertised…(read more)

Euro Pressured by ECB Speculation and Growth Concerns

Written by Alastair Archbold on Monday, July 15, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1166 Last week’s low:  €1.1103 Euro (EUR) Flat as German Recession Looks ‘Unavoidable’ The single currency remained under pressure at the start of the week as investor morale in the bloc’s largest economy plunged to the lowest level in close to a decade. Sentix Director Patrick Hussy noted ‘a recession looks unavoidable’….(read more)

Sterling Exchange Rates Stable after GDP Data

Written by Alastair Archbold on Thursday, July 11, 2019. Currency News - Sterling / EUR

Pound News: Stronger UK Growth Helps Sterling Rebound from Worst Levels After a week of the Pound struggling in response to no-deal Brexit fears and rising Bank of England (BoE) interest rate cut bets, yesterday morning’s UK data finally offered the British currency a little support. Sterling bounced back from its worst levels as Britain’s…(read more)

Will a Hawkish BoC Buoy the Canadian Dollar?

Written by Alastair Archbold on Wednesday, July 10, 2019. Currency News - Sterling / EUR

Pound News: Annual Retail Sales Rise at Slowest Rate on Record On Tuesday, the British Retail Consortium (BRC) revealed that annual UK sales rose at the slowest pace since records began in 1995, only edging up by 0.6%. Brexit pessimism hit UK shoppers as consumers put off non-essential purchases. While Brexit pessimism has dampened sentiment…(read more)

© Copyright 2013 to 2019 | Foremost Currency Group Ltd | All rights reserved