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Currency News - EUR

Sterling Rallies after Stronger UK Data

Written by Joe Mayhew on Friday, March 24, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Joe Mayhew Senior Currency Broker T: 01442 892 069 The pound rallied against a basket of its counterparts yesterday after better than anticipated Retail Sales figures. These were expected to measure at 2.6%, however, they actually rose to 3.7%. Reputable media outlets like Daily Express were jumping for joy espousing reliable messages such…(read more)

Terrorist Attacks, Article 50 and Retail Sales Figures

Written by Samuel Roberts on Thursday, March 23, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Samuel Roberts Currency Broker T: +44(0)1442 892 060 Yesterday afternoon, an attack took place in London around the Parliament buildings. The thoughts and condolences of all of us here at the Foremost Group go out to all of the families and friends of those affected by this terrible tragedy. Unfortunately, these are just…(read more)

BREAKING NEWS: Inflation jumps to 2.3%

Written by Alastair Archbold on Tuesday, March 21, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Alastair Archbold FX Manager T: 01442 892 066 UK inflation figures have just been released, showing that the annual CPI reading was 2.3%, a little higher than expected and above the 2% target at which the Bank of England would normally raise interest rates. Following on from last week’s BoE minutes, the markets…(read more)

Article 50 to be invoked on Wednesday 29th March

Written by Alistair Ryan on Tuesday, March 21, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by Alistair Ryan Currency Broker T: +44 (0)1442 892061 Theresa May will trigger Article 50 on March 29th, starting two years of negotiations that will see the UK leave the European Union. A spokesman for May said yesterday that they have informed the European Council President, Donald Tusk, that they intend to invoke Article…(read more)

BoE member sends Pound higher

Written by Alastair Archbold on Friday, March 17, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by: Alastair Archbold FX Manager T: 01442 892 066 Yesterday was a good example of how quickly the markets can move on unexpected news. We started the day with GBP/EUR just above €1.14 after the Euro gained strength following the Dutch election result, however that all changed at lunchtime when the Bank of England…(read more)

Dutch Elections and FED interest rates: The aftermath

Written by Sebastien Coignac-Smith on Thursday, March 16, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Written by Sebastien Coignac-Smith Currency Broker T: +44 (0) 1442 892063 Bar a spike early on in the morning, yesterday’s London session was reasonably flat for GBP/EUR and Cable (GBP/USD) as the markets prepared for the Federal Reserve’s interest rate decision and accompanying press conference in the evening, and of course the result of the…(read more)

Pound tumbles in delayed reaction to Brexit go-ahead

Written by Adam Wiffen on Wednesday, March 15, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

Adam Wiffen Currency Broker T: +44 (0) 1442 892064 The pound tumbled against the majority of currencies yesterday morning in a delayed reaction after Prime Minister Theresa May was given the go-ahead to trigger Article 50 late Monday evening. May said her Brexit bill will become law in the “coming days” and she is back…(read more)

One Big Leaving Party

Written by David Bayliss on Tuesday, March 14, 2017. Currency Market Watch - Currency News - Foremost Currency News - Sterling / EUR

David Bayliss Currency Broker T: 01442 892067 The Pound staged a slight recovery over Monday’s trading session showing modest gains against the Euro, US Dollar and the majority of the major currencies. Starting the day’s session in the high 1.13’s and the low 1.22’s against the Euro and Dollar respectively, finishing the day roughly half…(read more)

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