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Currency News - EUR

No-Deal Brexit Fears Return as Investors Anticipate Today’s Fed Decision

Written by James Spurway on Wednesday, June 19, 2019. Currency News - Sterling / EUR

Pound News: Growing No-Deal Brexit Fears Limit Pound Appeal Despite weakness in rival currencies such as the Euro, the Pound was unable to capitalise yesterday as fears that a no-deal Brexit was becoming more plausible continued to rise. Investors sold the Pound as hard Brexit advocate Boris Johnson is becoming the clear frontrunner to win…(read more)

Central Bank News to Dominate Currency Movement This Week

Written by Adam Wiffen on Tuesday, June 18, 2019. Currency News - Sterling / EUR

Pound News: Brexit Uncertainty Continues to Cloud Sterling Outlook Investors have had little reason to move on the British currency this week so far as last week’s UK political developments have left Brexiteer Boris Johnson as the frontrunner to be Britain’s next Prime Minister. After Johnson performed better than expected in the first round of…(read more)

GBP/EUR Holds Up as Markets Welcome UK Political Clarity

Written by Alastair Archbold on Monday, June 17, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1293 Last week’s low:  €1.1196 Euro Slumps on Disappointing Jobs Report After opening the week at just over €1.12, GBP/EUR saw mixed movement throughout the week and touched a six-month low at one point. The main movement point for GBP/EUR came on Thursday, when it was announced that Boris Johnson had won…(read more)

Pound Surges as Boris Johnson Becomes Clear Frontrunner to Replace Theresa May

Written by Arron Morris on Friday, June 14, 2019. Currency News - Sterling / EUR

Pound News: Sterling Sentiment Remains Limited as No-Deal Brexit Jitters Persist Investors have been backing the Pound back this week, but the British currency’s potential for gains remains limited. Investors are hesitant to buy the Pound much due to concerns that a no-deal Brexit is becoming more likely. Britain’s opposition Labour Party failed to push…(read more)

Slower US Inflation Keeps Investors Betting on Fed Interest Rate Cut

Written by David Bayliss on Thursday, June 13, 2019. Currency News - Sterling / EUR

Pound News: Sterling Continues to Benefit from Jobs Data despite Political Jitters Investors kept supporting the Pound yesterday, despite a lack of fresh positive news for the British currency. In fact, the UK government indicated that the country was not prepared for the possibility of a no-deal Brexit, even though most prospective PMs advocate a…(read more)

UK Growth Shows Shock Contraction as US Dollar Rebounds from Weekend Lows

Written by Joe Mayhew on Tuesday, June 11, 2019. Currency News - Sterling / EUR

Pound News: Contractions in UK Monthly Growth Leads to Fresh Sterling Losses As the UK Conservative Party’s leadership contest gets underway, the Pound is under pressure and yesterday’s fresh economic data only made it less appealing. A slew of UK ecostats, including GDP growth, manufacturing production and industrial production all printed well short of expectations…(read more)

German Economy Battered, but GBP/EUR Exchange Rate Falls

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / EUR

Last  week’s high: €1.1326 Last week’s low:  €1.1240   Euro Slumps on Disappointing German Industrial Production and Exports Last Monday saw data reveal the Eurozone’s manufacturing sector continued to slow as the bloc’s manufacturing PMI fell from 47.9 to 47.7. Meanwhile, on Tuesday data revealed the Eurozone’s annualised inflation rate was 1.2% in May, the…(read more)

Federal Reserve Rate Cut Bets and Signs of Weakness in US Jobs Dominate Market Movement

Written by Alastair Archbold on Thursday, June 6, 2019. Currency News - Sterling / EUR

Pound News: Sterling Finds Support in Modestly Resilient UK Services Data Following days of weak UK data, including surprising contractions in Britain’s manufacturing and construction sectors, the Pound found a little support yesterday as Markit’s services PMI for the nation beat expectations. Still, despite signs of resilience in Britain’s biggest economic sector, May’s PMIs showed…(read more)

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