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Currency News - EUR

European Central Bank Cuts Eurozone Growth Forecasts, Pound Recovery Slows

Written by Joe Mayhew on Friday, December 14, 2018. Currency News - Sterling / EUR

Pound News: Sterling Recovery Slows as Brexit Jitters Refuse to go away Despite UK Prime Minister Theresa May successfully winning a no-confidence vote that her Conservative Party triggered against her, the Pound largely just held its Wednesday gains as its recovery slowed yesterday. The fact that Theresa May clung onto her leadership was good for…(read more)

Pound Climbs as May Fends off Tory Rebels, Risk-Sentiment Rises

Written by Tom Taylor on Thursday, December 13, 2018. Currency News - Sterling / EUR

Pound News: Sterling Recovers as UK Prime Minister Survives No-Confidence Vote As markets expected, UK Prime Minister Theresa May survived yesterday’s vote of no-confidence from within her Conservative Party. The Pound was able to sustain most of its Wednesday recovery as a result. However, it was unable to extend its gains as the Prime Minister…(read more)

Pound Rebounds from Lows, US-China Trade Hopes Rise

Written by Michael Vaughan on Wednesday, December 12, 2018. Currency News - Sterling / EUR

Pound News: Investors Rescue Sterling from its Lowest Levels Following Monday’s shock delay of the anticipated parliamentary Brexit vote, yesterday saw MPs ramping up criticism of the government while Theresa May headed to the EU for further assurances on her deal. Investors bought the Pound back from its lows against some rivals, including the Euro…(read more)

Brexit Uncertainties Deepen, Federal Reserve Dovishness Rubs Off on US Dollar

Written by Alastair Archbold on Tuesday, December 11, 2018. Currency News - Sterling / EUR

Pound News: Theresa May Looks to Delay UK Parliament’s Brexit Vote Speculation about whether or not today’s highly anticipated UK Parliament vote on UK Prime Minister Theresa May’s negotiated Brexit deal can be delayed, and fears for turmoil in the UK House of Commons, both sent Sterling plummeting yesterday. After UK Prime Minister Theresa May…(read more)

Pound Euro Exchange Rate under Pressure in Spite of Weakening German Growth

Written by Adam Wiffen on Monday, December 10, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1281 Last week’s low: €1.1186 Euro (EUR) Exchange Rate Gains Limited by Softening German Production Contractions in the latest German industrial production and factory orders figures limited the appeal of the Euro. These declines do not bode well for the outlook of the manufacturing sector, especially as the threat of US protectionism…(read more)

Stocks Plummet and Risky Currencies Sold as US-China Trade Tensions Deepen

Written by Arron Morris on Friday, December 7, 2018. Currency News - Sterling / EUR

Pound News: Brexit Uncertainty Leaves Sterling Volatile The Pound remained under pressure yesterday amid this week’s broad Brexit uncertainties, but the day’s lack of noteworthy Brexit developments meant that the British currency remained rudderless, fluctuating and reacting to movement in rivals. Sterling is being kept above its worst levels by speculation that the chances of…(read more)

Soft Brexit Hopes Bolster Pound While Markets Reverse This Week’s Risk Rally

Written by David Worthington on Thursday, December 6, 2018. Currency News - Sterling / EUR

Pound News: Sterling Climbs on Amendment for Parliament’s Say on Brexit On Tuesday night, Sterling investors were spooked by a parliamentary vote. The Pound briefly tumbled as MPs voted to hold the government in contempt of Parliament for refusing to publish Brexit legal advice. However, the following vote saw Parliament vote for an amendment that…(read more)

Sterling Rebounds on Article 50 Speculation, US Dollar Plunges along with US Treasury Yields

Written by James Spurway on Wednesday, December 5, 2018. Currency News - Sterling / EUR

Pound News: EU Suggestion that Article 50 Could be Cancelled Boosts Pound On Tuesday, European Court of Justice (ECJ) Advocate General Manuel Campos Sanchez-Bordona suggested that if it wished, the UK would likely be able to unilaterally reverse Article 50 and cancel the Brexit process. Bets that the UK will not leave the EU are low, but speculation…(read more)

US-China Temporary Trade Truce Boosts Riskier Currencies, Knocks US Dollar

Written by David Bayliss on Tuesday, December 4, 2018. Currency News - Sterling / EUR

Pound News: Sterling Remains Unappealing on Broad Brexit Uncertainties The Pound fell against most major currency rivals yesterday, as markets opened against a backdrop of fresh criticism of UK Prime Minister Theresa May’s Brexit plan. In particular, the UK government has been criticised for withholding details of legal advice given to it over the Brexit…(read more)

Pound Euro Exchange Rate Slides as UK Consumer Confidence Deteriorates

Written by Jack Wiles on Monday, December 3, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1345 Last week’s low: €1.1206 Weakening UK Consumer Confidence Weighs Down GBP/EUR Exchange Rate A weaker-than-expected UK GfK consumer confidence index left the GBP/EUR exchange rate on a downtrend last week. Uncertainty surrounding Brexit helped to drive the index to a thirteen-month low in November, suggesting that consumers were taking an increasingly…(read more)

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