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Currency News - EUR

Pound Euro Exchange Rate Fails to Capitalise on Weak German Growth

Written by Alastair Archbold on Monday, February 18, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1433 Last week’s low: €1.1319   Euro Falls Out of Favour as German Economy Stagnates As the German economy only narrowly avoided falling into a technical recession in the fourth quarter this left the Euro on a weaker footing. The stagnation in German growth raised fresh worries over the outlook of the…(read more)

Brexit Jitters Cause Pound Volatility, US Retail Sales in Shock Drop

Written by David Worthington on Friday, February 15, 2019. Currency News - Sterling / EUR

Pound News: Pound Jittery amid Day of Brexit Debate Demand for the Pound fluctuated yesterday as investors became anxious during the latest UK Parliament debate over the Brexit process. Hopes that there could be some positive developments were limited throughout the day, and in the afternoon the Pound tumbled on fears that the government’s position…(read more)

Eurozone Economic Fears Continue to Deepen as US-China Developments Bolster Risk-Sentiment

Written by James Spurway on Thursday, February 14, 2019. Currency News - Sterling / EUR

Pound News: Slowing UK Inflation Dampens Pound Demand The Pound benefitted from weakness in rivals yesterday, but its gains were limited as the latest UK data came in short of expectations and dampened Bank of England (BoE) interest rate hike bets. Britain’s January Consumer Price Index (CPI) results came in short of expectations in both…(read more)

Hopes surrounding US-China Trade Developments Lead to Risk-Sentiment Boost

Written by Adam Wiffen on Wednesday, February 13, 2019. Currency News - Sterling / EUR

Pound News: UK Economic Uncertainties and Brexit Keep Pressure Up on Sterling As Monday’s UK data showed major contractions and worsened concerns about Britain’s economic outlook, the Pound continued to remain unappealing yesterday. Investors were hesitant to make any big moves on the Pound ahead of upcoming data and potential Brexit developments. Brexit uncertainties have…(read more)

US-China Trade Talks Resume, UK Growth Weaker Than Expected

Written by Arron Morris on Tuesday, February 12, 2019. Currency News - Sterling / EUR

Pound News: Brexit Jitters amid Contractions in UK Production and Monthly GDP Monday’s UK data largely printed short of expectations, as growth results, production data and business investment showed contractions. Uncertainties about Brexit and the global growth outlook were among the reasons given as causes. As a result of the data, the Pound was too…(read more)

Pound Euro Exchange Rate Benefits as Eurozone Economic Confidence Fades

Written by Alastair Archbold on Monday, February 11, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1452 Last week’s low: €1.1338   Underwhelming UK and Eurozone Data Drive GBP/EUR Exchange Rate Volatility It was a volatile week for the GBP/EUR exchange rate as both the UK and Eurozone economies continued to show signs of weakness. As January’s UK services PMI slumped to just 50.1, falling into a state…(read more)

Bank of England Comments Support Sterling, Euro Remains Unappealing as German Data Disappoints

Written by David Bayliss on Friday, February 8, 2019. Currency News - Sterling / EUR

  Pound News: Bank of England Comments and Brexit Speculation Extends Pound Recovery The Pound saw mixed movement yesterday but in the afternoon there was a jump in demand that helped it to recover much of the losses it had seen earlier in the week against major currency rivals. Investors were more willing to buy…(read more)

Euro Slumps on German Recession Fears, ‘Aussie’ Plummets on RBA Rate Cut Bets

Written by Jack Wiles on Thursday, February 7, 2019. Currency News - Sterling / EUR

  Pound News: Sterling Edges Away from Weekly Lows on Brexit Delay Speculation The Pound has spent most of the week so far tumbling, as weaker UK data and Brexit uncertainties left investors anxious about the future of Britain’s economy. Sterling was able to rebound slightly against most major rivals yesterday though. Britain’s opposition Labour…(read more)

Britain’s Economic Outlook Continues to Worsen, RBA Less Dovish than Expected

Written by Joe Mayhew on Wednesday, February 6, 2019. Currency News - Sterling / EUR

Pound News: UK Services Sector Near-Stagnant According to PMI Report Market appetite for the Pound lightened further yesterday as investors digested the latest UK services PMI report from Markit. The data indicated that Britain’s services sector had been virtually stagnant in January, coming in at 50.1 rather than the expected 51.0. Analysts are concerned that…(read more)

Disappointing Data Leaves Main Currencies under Pressure Following Volatile Week

Written by Michael Vaughan on Tuesday, February 5, 2019. Currency News - Sterling / EUR

Pound News: UK Construction PMI Slumps and Keeps Sterling Unappealing Since no-deal Brexit fears returned last week, investors have had little reason to buy the Pound and this has caused the British currency to fall back from its highs over the past week. Recent UK data has done little to change that either. On Friday,…(read more)

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