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Currency News - EUR

Pound Down on Jobs Data, Surprise Australian Wage Growth Fails to Boost Australian Dollar

Written by Jimi Boake on Thursday, February 22, 2018. Currency News - Sterling / EUR

Pound News: UK Unemployment Rate Unexpectedly Rises The mixed nature of the latest raft of UK labour market data prompted the Pound (GBP) to slump sharply yesterday, with markets unimpressed by a surprise uptick in unemployment. Even though wage growth accelerated in the three months to December this was not enough to buoy GBP exchange…(read more)

Sterling Surges on Hopes of Continued Post-Brexit Single Market Access

Written by James Baxter on Wednesday, February 21, 2018. Currency News - Sterling / EUR

Pound News: Prospect of Softer Brexit Boosts GBP Exchange Rates A report published by Business Insider encouraged the Pound (GBP) to strengthen sharply on Tuesday, stoking bets that a softer Brexit deal could still be on the table. As the European Parliament was reported to be preparing plans for the UK to receive ‘privileged’ access…(read more)

Oil Market Rally Fails to Boost Canadian Dollar

Written by Joe Mayhew on Tuesday, February 20, 2018. Currency News - Sterling / EUR

Pound News: Weakening Household Finances Weigh on Sterling Demand for the Pound (GBP) deteriorated once again on Monday, prompted by the disappointing nature of the IHS Markit Household Finance Index. With living costs found to have risen at their fastest pace in twelve months in February the report did not paint an overly encouraging picture…(read more)

Eurozone Inflation Worries Weigh Down Euro Exchange Rates

Written by Tom Taylor on Monday, February 19, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1300 Last week’s low: €1.1215 Euro Pushed Higher on Solid Fourth Quarter Eurozone GDP The fourth quarter Eurozone gross domestic product data helped to boost the Euro on Wednesday, confirming that the currency union had ended 2017 on a solid note. While there was a slight moderation in German growth on the…(read more)

Canadian Dollar Under Pressure from Bearish Oil Market

Written by Jessica Coot on Wednesday, February 14, 2018. Currency News - Sterling / EUR

Pound News: Steady UK Inflation Boosts BoE Rate Hike Odds Investors were pleasantly surprised to find that the headline UK consumer price index had held steady at 3.0% in January, boosting demand for the Pound (GBP). However, while GBP exchange rates initially made solid gains on the back of the higher-than-expected inflation rate it was…(read more)

Possible Weakness in Store for EUR Exchange Rates on Slower Eurozone GDP

Written by James Spurway on Monday, February 12, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1441 Last week’s low: €1.1225 German Coalition Breakthrough Offers Limited Boost to Euro Comments from European Central Bank (ECB) President Mario Draghi put pressure on the Euro at the start of the week, seeming to diminish the prospect of any imminent shift in monetary policy. However, the mood towards the single currency…(read more)

BoE Hawkishness Spurs Pound Exchange Rate Surge

Written by David Bayliss on Friday, February 9, 2018. Currency News - Sterling / EUR

Pound News: Odds of May BoE Rate Hike Improve The Bank of England (BoE) proved more hawkish than anticipated at its February policy meeting, even though there was a unanimous vote to leave interest rates on hold. As the Bank sounded a more optimistic note on UK growth and inflation prospects this encouraged investors to…(read more)

New Zealand Dollar Weighed Down By Underwhelming Wage Growth

Written by Jack Wiles on Thursday, February 8, 2018. Currency News - Sterling / EUR

Pound News: Sterling Muted Ahead of BoE Decision Confidence in the Pound (GBP) remained limited as markets adopted positions in anticipation of the Bank of England’s (BoE) February policy decision. As the Halifax house price index contracted -0.6% on the month in January this marked the twenty-third consecutive month of deterioration, highlighting the continued weakness…(read more)

Pound Falters as UK Economy Lost Momentum in January

Written by Jimi Boake on Tuesday, February 6, 2018. Currency News - Sterling / EUR

Pound News: UK Service Sector Growth Disappoints Rounding off a trio of underwhelming UK PMIs, the service sector clocked its slowest rate of expansion since September 2016 in January. As a result, the Pound (GBP) trended lower across the board on Monday, with its weakness exacerbated by the latest signs of division over Brexit within…(read more)

Euro Benefits as Confidence in Eurozone Economy Remains High

Written by James Baxter on Monday, February 5, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1466 Last week’s low: €1.1326 Strong Eurozone Data Continues to Support EUR Exchange Rates Investors were encouraged to find that the Eurozone consumer price index was stronger than forecast in January, despite a slight dip on the year. This helped to fuel hopes that the European Central Bank (ECB) will return to…(read more)

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