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Currency News - EUR

Pound Surges on Bank of England News, Canadian Dollar Tumbles on Trade Jitters

Written by Laura Parsons on Friday, June 22, 2018. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Policymakers Show Surprising Hawkishness Sterling saw broad gains on Thursday afternoon as investors reacted to a surprisingly hawkish interest rate decision from the Bank of England (BoE). The BoE had been expected to leave monetary policy frozen, and did ultimately vote 6-3 to leave interest rates unchanged. However, this…(read more)

Pound Edges Away from Lows ahead of Bank of England Decision, US Dollar Sturdy on Trade War Jitters

Written by David Worthington on Thursday, June 21, 2018. Currency News - Sterling / EUR

Pound: Sterling Edges Away from Lows Ahead of Bank of England Decision Easing Brexit jitters helped Sterling recover from its weekly lows on Wednesday. The UK government offered a small concession regarding its Brexit bill, in the hopes it could minimise the number of Conservative rebels supporting an amendment backed by the House of Lords….(read more)

Central Bank Uncertainties Weigh on Pound and Euro, US Dollar Gains on Safe Haven Demand

Written by James Spurway on Wednesday, June 20, 2018. Currency News - Sterling / EUR

Pound News: Brexit Bill Defeat in House of Lords Worsens Political Jitters Despite not being directly affected by the day’s trade war jitters, the Pound remained unappealing on Tuesday after the UK government’s Brexit bill was defeated in the House of Lords. The House of Lords supported an amendment for UK MPs to get some…(read more)

Pound Weakened by UK Growth Outlook as Safe Haven Currencies Strengthen

Written by David Bayliss on Tuesday, June 19, 2018. Currency News - Sterling / EUR

Pound News: British Chambers of Commerce (BCC) Predicts UK Growth to Slow Sterling (GBP) slipped against the majors on Monday as investors remained anxious about Brexit uncertainties and Britain’s economic outlook. The Pound came under additional pressure on Monday in reaction to a fresh growth estimate from the British Chambers of Commerce (BCC). According to…(read more)

Mixed ECB Meeting Prompts Pound Euro Exchange Rate Surge

Written by Jack Wiles on Monday, June 18, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1467 Last week’s low: €1.1326 Euro Slumps as ECB Rules out an Interest Rate Hike for the Next Year The European Central Bank (ECB) failed to boost the Euro when it announced its intention to end its quantitative easing programme in December. Although this represents a shift towards tighter monetary policy for…(read more)

Euro Holds Nerve Ahead of ECB Decision, Canadian Dollar Benefits from Falling Oil Inventories

Written by Joe Mayhew on Thursday, June 14, 2018. Currency News - Sterling / EUR

Pound News: GBP Exchange Rates Dipped on Steady UK Inflation Although the headline UK consumer price index held steady on the year at 2.4% in line with forecasts this failed to encourage Pound (GBP) exchange rates. With inflation showing signs of having peaked the pressure on the Bank of England (BoE) to raise interest rates…(read more)

Pound Slides With Disappointing Wage Growth, US Dollar Struggles Ahead of Fed Meeting

Written by Tom Taylor on Wednesday, June 13, 2018. Currency News - Sterling / EUR

Pound News: Weak Wage Growth Limits Odds of BoE Interest Rate Hike In another disappointing development for the UK economy growth in average weekly earnings was found to have slowed in the three months to April. As inflation continues to erode the majority of wage growth the odds of an August interest rate hike from…(read more)

US Dollar Weakens on Trade War Concerns, Softer UK Growth Weighs Down Pound

Written by Michael Vaughan on Tuesday, June 12, 2018. Currency News - Sterling / EUR

Pound News: Widening Trade Deficit Weighs on UK Outlook Confidence in the Pound (GBP) deteriorated further at the start of the week as the latest UK data proved distinctly disappointing in nature. Particularly concerning was a weaker-than-expected NIESR gross domestic product estimate for the three months to May, which indicated a smaller uptick in growth…(read more)

Pound Euro Exchange Rate Benefits as Eurozone Economy Struggles to Rebound

Written by Alastair Archbold on Monday, June 11, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1458 Last week’s low: €1.1352 Weaker German Data Leaves Euro on Weaker Footing A raft of weaker-than-expected German data weighed heavily on EUR exchange rates last week, undermining confidence in the health of the Eurozone’s powerhouse economy. Investors were not impressed to find that the German economy had remained sluggish in April,…(read more)

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