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Currency News - EUR

Sterling Moves Away from Worst Levels Levels as Turkish Lira (TRY) Jitters Return

Written by Alastair Archbold on Tuesday, August 21, 2018. Currency News - Sterling / EUR

Pound News: Brexit-Battered Pound Edges Higher Despite a lack of reasons for investors to buy the Pound, with concerns about a possible ‘no deal’ Brexit persisting, the British currency still edged higher against many major rivals on Monday. No news was viewed as good news for Sterling and GBP edged away from last week’s lows….(read more)

GBP/EUR Exchange Rate Fluctuates as Turkey Jitters Dominate

Written by Sam Bowrey on Monday, August 20, 2018. Currency News - Sterling / EUR

Last week’s high: EU$1.1233 Last week’s low: EU$1.1151 Euro Pressured By Turkey Contagion Fears Pound Euro (GBP/EUR) exchange rate movement last week was dominated by Turkey’s currency crisis as investors feared the country’s financial woes could spill over into the Eurozone. The first half of the week was marked by EUR weakness as these contagion…(read more)

UK Retail Sales Fail to Bolster Pound, Euro Gains as Turkey Fears Ease

Written by Reece Hansford on Friday, August 17, 2018. Currency News - Sterling / EUR

Pound News: Sterling Fails to Benefit from UK Data While this week’s UK unemployment, inflation and retail sales results beat expectations, the Pound has been unable to register gains against major rivals due to persistent concerns about what effect a ‘no deal’ Brexit may have on Britain’s economy. Thursday’s UK retail sales results were actually…(read more)

UK Inflation Fails to Bolster Pound, US Dollar Remains Bullish 

Written by Michael Brothers on Thursday, August 16, 2018. Currency News - Sterling / EUR

Pound News: UK Inflation Report Gives Sterling Little Support Some analysts and investors remain unconvinced that the Bank of England (BoE) was correct to hike UK interest rates in August, and Britain’s latest Consumer Price Index (CPI) inflation rate data inspired a mixed reaction. The monthly inflation rate avoided the forecast contraction and the yearly…(read more)

Pound Fails to Capitalise on Lower Unemployment Rate, Inflation Ahead

Written by David Worthington on Wednesday, August 15, 2018. Currency News - Sterling / EUR

Pound News: Unemployment Improves but UK Price Pressure Concerns Rise Tuesday saw the publication of Britain’s latest job market report, and a surprise decline in the key unemployment rate lent the Pound a little support. However, Sterling’s strength was ultimately limited as other parts of the job market report disappointed. There were fewer new jobs…(read more)

Turkey’s Currency Woes Continue, but Euro Steadies

Written by James Spurway on Tuesday, August 14, 2018. Currency News - Sterling / EUR

Pound News: Sterling Remains Unappealing on Brexit Uncertainties Last Friday’s UK growth results were generally unsurprising and continued to indicate that Britain’s economic activity was being dampened by Brexit uncertainties. Amid a lack of fresh developments in Brexit news or UK data, investors are still hesitant to buy the Pound. Some analysts predict that the…(read more)

European Central Bank (ECB) Caution Keeps Euro Pressured

Written by David Bayliss on Monday, August 13, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1247 Last week’s low: €1.1081 GBP/EUR Fails to Recover Despite Euro Weakness A broad fall in the Pound last week, caused by fears of a possible ‘no deal’ Brexit, saw the Pound to Euro exchange rate hit its worst levels in almost a year. This was despite some underwhelming Eurozone data, US…(read more)

Sterling Steadies Ahead of UK Growth Report, US Data Remains Solid

Written by Jack Wiles on Friday, August 10, 2018. Currency News - Sterling / EUR

Pound News: GBP Edges Higher Following Days of ‘No Deal’ Selloff Profit taking took the Pound away from its worst levels on Thursday, with GBP moving away from multi-month lows against the Euro and US Dollar. However, Sterling’s gains were ultimately limited. Investors hesitated to buy the Pound too much amid persisting concerns about the…(read more)

Pound Selloff Continues on ‘No Deal’ Brexit Speculation, AUD Strength Limited by Australian Data

Written by Jimi Boake on Thursday, August 9, 2018. Currency News - Sterling / EUR

Pound News: ‘No Deal’ Brexit Fears Keep Pound Tumbling Despite a lack of fresh developments on Wednesday, investors continued to sell the Pound amid this week’s general focus on the possibility of a ‘no deal’ Brexit becoming reality. Amid expectations that things might get worse for the British currency’s outlook before they improve, Sterling has…(read more)

‘No Deal’ Brexit Jitters Keep Pressure on Sterling, Reserve Bank of Australia Remains Cautiously Optimistic

Written by Joe Mayhew on Wednesday, August 8, 2018. Currency News - Sterling / EUR

Pound News: GBP Steadies Following Monday Selloff but Demand Remains Low Monday saw the Pound sold off against most other major currencies amid concerns that Britain was headed towards a ‘no-deal’ Brexit, and while the selloff slowed on Tuesday the British currency wasn’t able to recover. Investors are still highly anxious about the possibility that…(read more)

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