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Currency News - EUR

Weaker UK Public Finances Undermine GBP/EUR Exchange Rate

Written by David Bayliss on Wednesday, November 22, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1308 Yesterday’s low: €1.1258 EUR Struggles to Shake Off German Political Concerns Worries over Germany’s political future continued to weigh down EUR exchange rates yesterday. Markets were discouraged by news that long-standing Chancellor Angela Merkel favours fresh elections to the prospect of ruling in a minority government. This suggests that the sense of…(read more)

Collapse of German Coalition Talks Pushes GBP/EUR Exchange Rate Higher

Written by Jack Wiles on Tuesday, November 21, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1288 Yesterday’s low: €1.1227 Questions Over German Leadership Weigh on Euro In a blow to Euro confidence, German coalition talks unexpectedly broke down on Sunday night. This left the single currency to trend lower across the board, with questions raised over the future of long-standing Chancellor Angela Merkel. Markets were not impressed by…(read more)

Eurozone Data Continues Impressing, GBP/EUR Struggles

Written by Jimi Boake on Monday, November 20, 2017. Currency News - Sterling / EUR

Friday’s high: €1.1236 Friday’s low: €1.1165 Dovish Draghi Remains Pessimistic on Inflation The positive run of Eurozone data continued ahead of the weekend, continuing to support a stronger Euro. September’s current account surplus widened further than forecast from 34.5 billion to 37.8 billion, offering further evidence of the strength of the domestic trade outlook. Coupled…(read more)

Pound Euro Exchange Rate Recovers Ground after Mixed UK Retail Sales

Written by James Baxter on Friday, November 17, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1218 Yesterday’s low: €1.1146 Euro Slumps as Dip in Eurozone Inflation Confirmed Unsurprisingly, the finalised Eurozone consumer price index for October confirmed that inflation had dipped slightly from 1.5% to 1.4%. This did not offer particular encouragement to investors and knocked the Euro off its recent bullish run. As European Central Bank (ECB)…(read more)

Rising UK Wages Offer Slight Support to GBP/EUR Exchange Rate

Written by Joe Mayhew on Thursday, November 16, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1165 Yesterday’s low: €1.1092 Euro Remains Bullish on Eurozone Trade Data The Eurozone continued to impress as September’s trade surplus unexpectedly widened from 21 billion to 25 billion. This added to the generally bullish outlook of the currency union, with strong trade supporting robust economic growth. As a result, the Euro remained on…(read more)

UK Inflation Peaks, GBP/EUR Down to €1.11

Written by Samuel Roberts on Wednesday, November 15, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1247 Yesterday’s low: €1.1138 German Economic Growth Accelerates The German economy continued demonstrating its strength yesterday, with third quarter gross domestic product clocking in at a healthy 0.8% on the quarter. This was substantially better than markets had expected, encouraging the Euro to trend sharply higher across the board. A strong showing from…(read more)

UK Political Jitters Send GBP/EUR Sliding

Written by Tom Taylor on Tuesday, November 14, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1269 Yesterday’s low: €1.1203 German Wholesale Prices Stagnate In another blow to hopes of the European Central Bank (ECB) returning to a hawkish bias, October’s German wholesale price index stagnated on the month. This suggests that price pressures within the Eurozone’s powerhouse economy are not building as investors might have hoped, giving the…(read more)

Stronger GDP Estimate Lifts GBP/EUR

Written by Oliver Emanuel on Monday, November 13, 2017. Currency News - Sterling / EUR

Friday’s high: €1.1344 Friday’s low: €1.1267 Weak US Dollar Boosts Euro A moderate rebound in French industrial production offered support to the Euro ahead of the weekend, indicating that the economy is still improving. Demand for the single currency also picked up in response to the continued softening of the US Dollar, which slipped on…(read more)

EUR Strengthened by Widening German Trade Surplus

Written by Alastair Archbold on Friday, November 10, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1330 Yesterday’s low: €1.1261 GBP/EUR Falls Further Amidst Cabinet Chaos Germany’s trade surplus widened further than forecast from 20.1 billion to 24.1 billion in September, highlighting the continued strength of the Eurozone’s powerhouse economy. This was fuelled by a smaller-than-expected contraction in export volumes, indicating that German products remain in high demand. Naturally…(read more)

Euro Gains on Pound Amid Cabinet Crisis

Written by David Worthington on Thursday, November 9, 2017. Currency News - Sterling / EUR

Yesterday’s high: €1.1361 Yesterday’s low: €1.1279 Strong Spanish Production Failed to Boost EUR It was a relatively quiet day for the Euro on Wednesday, with fresh domestic data rather lacking. As a result the single currency struggled to find any particular support against its rivals, especially as the general mood of markets turned more risk…(read more)

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