Foremost Currency Group

Make the most of your currency

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

Currency News - EUR

Safe Haven Demand Returns but Sterling Still Jumps

Written by James Spurway on Thursday, April 2, 2020. Currency News - Sterling / EUR

Pound News: Rival Weakness Helps Sterling to Sustain Gains The Pound was able to maintain some of Tuesday’s gains yesterday. Due to poor manufacturing PMI data from the Eurozone and US, as well as slightly better than forecast UK PMIs, the Pound benefitted from rival weakness. Sterling will continue to be driven by rivals today…(read more)

German Recession Inevitable as Economy to Shrink by 5.4%

Written by James Spurway on Tuesday, March 31, 2020. Currency News - Sterling / EUR

Pound News: PM Boris Johnson Tests Positive for Coronavirus The Pound suffered some losses on Monday after the country’s economic outlook took a further hit after ratings agency Fitch downgraded the country’s sovereign debt rating at the end of last week. Added to this, the recent upswing in support for the safe-haven US Dollar dampened…(read more)

Coronavirus Crisis Stokes Currency Volatility, US Dollar Tumbles on Surging Unemployment

Written by James Spurway on Monday, March 30, 2020. Currency News - Sterling / EUR

Once again the coronavirus crisis dominated sentiment this week, infusing additional volatility in the currency market. In contrast with the previous session where the safe-haven currency soared, the US Dollar proved the main victim this week as coronavirus driven layoffs saw US weekly jobless claims skyrocket. Pound Sterling Rebounds from Lows GBP/EUR – Up two…(read more)

$2 Trillion US Stimulus Boosts Risk Sentiment

Written by James Spurway on Thursday, March 26, 2020. Currency News - Sterling / EUR

Pound News: Sterling Benefits from Dollar Weakness The Pound was able to benefit on Wednesday, extending gains thanks to increased US Dollar weakness, and a boost in risk appetite thanks to signs of increased stability amid the coronavirus pandemic. Added to this, as the country’s economy is so heavily reliant on financial markets, the recent…(read more)

Fed Stimulus Boosts Market Sentiment but Coronavirus Outlook Still Worsens

Written by James Spurway on Tuesday, March 24, 2020. Currency News - Sterling / EUR

Pound News: Sterling Unappealing as Britain’s Coronavirus Crisis Deepens The Pound was one of the currencies to be hit harder by the market’s coronavirus panic yesterday. With markets becoming more anxious about the huge hit Britain’s economy will take from the pandemic, investors sold the Pound against most major rivals. If today’s UK PMI projections…(read more)

Safe Haven Demand on Coronavirus Panic Leaves USD Surging Across the Board

Written by James Spurway on Thursday, March 19, 2020. Currency News - Sterling / EUR

  Pound News: Sterling Battered to Multi-Decade Lows Against USD on Coronavirus Fear Yesterday was another heavily bearish session for the Pound. Investors sold the British currency as concerns worsened about how Britain’s economy would cope with the coronavirus pandemic. Sterling saw steep losses against major rivals like the Euro and US Dollar. While the…(read more)

Coronavirus Chaos Hits Sterling as UK Government Toughens Stance

Written by James Spurway on Wednesday, March 18, 2020. Currency News - Sterling / EUR

Pound News: UK Government’s Tougher Coronavirus Stance Causes GBP Losses The Pound has been tumbling since Monday evening, when the UK government announced a tougher stance on its handling of the coronavirus pandemic. As many UK businesses announced shutdowns, layoffs and concerns over the economic outlook rose, the Pound fell yesterday. Further developments from the…(read more)

Coronavirus Continues to Dominate Market Developments, Safe Haven Focus

Written by James Spurway on Tuesday, March 17, 2020. Currency News - Sterling / EUR

Pound News: Sterling Driven by Rivals amid Lack of Support The pandemic of coronavirus Covid-19 continues to weigh on the Pound, but Sterling is being driven more by the strength of major currency rivals. Sterling has fallen against the highly appealing Euro but is climbing against the weak Canadian Dollar, for example. Britain’s latest job…(read more)

Weekly Update: Coronavirus Panic Grips Markets, Pound Plummets to Five-Month Low

Written by James Spurway on Monday, March 16, 2020. Currency News - Sterling / EUR

Currency markets were infused with fresh volatility last week as the coronavirus continued dominating market sentiment. Amid the coronavirus induced sell-off the Pound proved particularly vulnerable, with Sterling falling to its worst levels since October. Pound Sterling Falls Victim to Coronavirus Panic GBP/EUR – Down five cents on last week’s opening levels GBP/USD – Down seven cents on last…(read more)

© Copyright 2013 to 2020 | Foremost Currency Group Ltd | All rights reserved