Foremost Currency Group

Make the most of your currency

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

Currency News - EUR

Monthly Currency Focus: GBP Skyrockets as No-Deal Risks Fade, US Dollar Dented by Risk-On Trade

Written by James Spurway on Thursday, November 7, 2019. Currency News - Sterling / EUR

Fading risks of a no-deal Brexit gave the Pound an opportunity to put in a stellar performance last month, while the US Dollar suffered from a persistent selling bias as a risk-on mood prevailed. Pound Sterling The Pound roared higher in October, recording its best monthly performance in over a decade as the risk of…(read more)

Weakness in Sterling and US Dollar Leave Euro Strong

Written by Alastair Archbold on Wednesday, October 2, 2019. Currency News - Sterling / EUR

Pound News: Sterling Volatile on Reaction to Government’s Alleged Brexit Plans The Pound fluctuated widely yesterday, trending lower in the afternoon as the UK government’s alleged proposals to resolve the Irish border issue failed to impress political analysts and left Sterling weaker. Britain’s September construction PMI is due for publication today but the spotlight will…(read more)

Sterling Rebound and Safe-Haven US Dollar Leave Euro in the Dust

Written by James Spurway on Tuesday, October 1, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rebounds from Week of Steep Losses The Pound recouped some of its recent losses yesterday despite persistent Brexit jitters haunting GBP exchange rates. UK growth and business investment data printed better than expected, offering limited support for Sterling. Markit’s September UK manufacturing PMI will slip into a spotlight otherwise dominated by Brexit…(read more)

GBP/EUR Fails to Capitalise on Extended German Manufacturing Decline

Written by Alastair Archbold on Monday, September 30, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1355 Last week’s low: €1.1124 Disappointing German Manufacturing PMI Fuels Euro Weakness Further signs of a German economic slowdown emerged with the publication of September’s manufacturing PMI. A deeper and unexpected move into contraction territory, with the index sliding from 43.5 to 41.4, fuelled fears for a potential recession in the Eurozone’s…(read more)

Brexit, UK Election, and US Impeachment Fears Drive Jittery Trade

Written by Alastair Archbold on Thursday, September 26, 2019. Currency News - Sterling / EUR

Pound News: Sterling Weakens as Election Uncertainties Return The Pound fell yesterday on fresh uncertainties about the future of UK politics as UK Parliament reconvened following its unlawful prorogation. The government has once again indicated it will try to force a general election, and concerns persist that a no-deal Brexit could still be forced as…(read more)

Pound Fluctuates as UK Supreme Court Rules Against Government

Written by Alastair Archbold on Wednesday, September 25, 2019. Currency News - Sterling / EUR

Pound News: Sterling Jumps as Supreme Court Rules against Government’s Prorogation The Pound advanced against most major rivals yesterday following a unanimous ruling from Britain’s Supreme Court that the government’s prorogation of parliament was unlawful. Due to the ruling, hopes are now rising for MPs to take  action to prevent a no-deal Brexit. Parliament is…(read more)

Pound Tumbles on Brexit Uncertainties Ahead of Supreme Court Decision

Written by Alastair Archbold on Tuesday, September 24, 2019. Currency News - Sterling / EUR

Pound News: Sterling Falls on Brexit Jitters Ahead of Supreme Court Decision The Pound’s recent rally appeared to come to an end yesterday with disparaging comments from both UK and EU officials casting doubts on market hopes for a breakthrough in Brexit talks. The UK Supreme Court will announce its decision on the legality of…(read more)

Signs of Improved Eurozone Business Confidence Benefit Euro

Written by Alastair Archbold on Monday, September 23, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1372 Last week’s low: €1.1182 Rebound in ZEW Sentiment Index Shores up Euro The mood towards the Euro has shown an improvement as both the German and Eurozone ZEW economic sentiment indexes for September show a solid improvement. Although business confidence failed to boomerang into positive territory, bets on the Eurozone economy…(read more)

Bank of England (BoE) and Federal Reserve News Fail to Shock Markets

Written by Alastair Archbold on Friday, September 20, 2019. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Urges Caution in Final Pre-Brexit Policy Decision The Pound’s was muted yesterday in reaction to the Bank of England’s (BoE) September policy decision. In a unanimous vote, policymakers opted to leave UK monetary policy frozen as expected. In accompanying minutes, the bank ramped up warnings about the US-China trade…(read more)

Federal Reserve’s Hawkish Rate Cut Douses US Dollar Doves

Written by Alastair Archbold on Thursday, September 19, 2019. Currency News - Sterling / EUR

Pound News: Weaker UK Inflation Data Caps Sterling Appeal Despite hopes that a no-deal Brexit might be avoided and that last week’s Pound rally might resume, disappointing data kept Sterling under pressure yesterday. Britain’s August inflation rate fell short of forecasts, increasing the case for a Bank of England (BoE) rate cut. The central bank…(read more)

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