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Currency News - EUR

GBP/EUR Trends Narrowly After Positive Data Day

Written by James Baxter on Friday, September 22, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1365 Yesterday’s low: €1.1316 Euro Strengthens as Consumer Confidence Hits 16 Year High In another positive sign for the Euro the Eurozone consumer confidence index for September was unexpectedly revised higher from -1.5 to -1.2. This saw the index return to its highest level since 2001, suggesting that the mood within the currency…(read more)

GBP/EUR Gains After Bullish UK Sales Data

Written by Joe Mayhew on Thursday, September 21, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1326 Yesterday’s low: €1.1246 Euro Fails to Capitalise on Rising German Prices While the latest German producer price index pointed towards a continued uptick in inflationary pressure this was not enough to boost the Euro. The positive impact of the data was limited by persistent market doubts over the likelihood of the European…(read more)

GBP/EUR Dips on Brexit Uncertainty

Written by Samuel Roberts on Wednesday, September 20, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1306 Yesterday’s low: €1.1234 Positive ZEW Economic Surveys Boost Euro September’s ZEW economic sentiment surveys surprised to the upside across the board, indicating that confidence within the currency union is improving. This gave markets fresh reason to favour the Euro, particularly as July’s Eurozone current account surplus also widened markedly. Altogether this painted…(read more)

GBP/EUR Unable to Sustain Bullish Run

Written by Tom Taylor on Tuesday, September 19, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1389 Yesterday’s low: €1.1288 Pound Slumps on Carney Comments It came as no surprise that the finalised Eurozone consumer price index data for August showed no change from the provisional reading. This still helped to boost the Euro on Monday, however, with markets encouraged by signs that inflationary pressure within the currency union…(read more)

BoE Hawkishness Continues to Boost GBP/EUR

Written by Alistair Ryan on Monday, September 18, 2017. Currency News - Sterling / EUR

Friday’s high: €1.1393 Friday’s low: €1.1231 Euro Remains Under Pressure Against Bullish Pound July’s Eurozone trade surplus narrowed further than forecast from 21.7 billion to 18.6 billion, denting confidence in the health of the domestic economy. This put some pressure on the Euro ahead of the weekend, with markets still speculating over the likelihood of…(read more)

GBP/EUR Hits Fresh 8-Week High on BoE Hawkishness

Written by Oliver Emanuel on Friday, September 15, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1272 Yesterday’s low: €1.1077 Euro Benefits from Latest ECB Comments Although European Central Bank (ECB) policymaker Bostjan Jazbec took a relatively dovish tone on monetary policy this failed to particularly weigh on the Euro. While Jazbec noted that the ECB should see more evidence before beginning to taper its quantitative easing program this…(read more)

GBP/EUR Retreats on Disappointing UK Wage Growth

Written by Alastair Archbold on Thursday, September 14, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1130 Yesterday’s low: €1.1060 Euro Fails to Benefit From Stronger Industrial Production July’s Eurozone industrial production figures did not do much to improve the appeal of the Euro on Wednesday, failing to rise as far as forecast. Even so, this still offered a fresh sign of the relatively robust health of the Eurozone…(read more)

Policymaker Commentary Hampers Euro

Written by David Worthington on Wednesday, September 13, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1129 Yesterday’s low: €1.1005 GBP/EUR Rallies as UK Inflation Surprises to Upside European Central Bank (ECB) Vice President Vítor Constâncio adopted a rather dovish tone on monetary policy in comments on Tuesday. This added to speculation that the central bank will not return to a more hawkish outlook any time in the near…(read more)

GBP/EUR Strengthens in Spite of Brexit Jitters

Written by James Spurway on Tuesday, September 12, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1017 Yesterday’s low: €1.0958 Euro Dented by ECB Comments Even as the UK parliament prepared to vote on the first major piece of Brexit legislation, the GBP/EUR exchange rate trended higher. In part this was thanks to the weakness of the Euro, which was weighed down by the latest comments from a European…(read more)

GBP/EUR Spikes on Positive Industry Data

Written by Arron Morris on Monday, September 11, 2017. Currency News - Sterling / EUR

Friday’s high: €1.0968 Friday’s low: €1.0868 Pound Shoots Higher Vs Euro after Strong Economic Data The outlook for the UK economy during the third quarter was much-improved after the latest round of UK ecostats was released on Friday. GBP/EUR was able to record gains of 0.7%. Industrial and manufacturing production both beat expectations on the…(read more)

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