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Currency News - EUR

Pound Gains after Brexit Comments from EU Leaders

Written by Alastair Archbold on Friday, August 23, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rallies as Boris Johnson Meets EU Leaders The Pound surged on Brexit speculation yesterday as German Chancellor Angela Merkel supported the possibility of a solution to the backstop issue being found. Emmanuel Macron’s subsequent meeting with Boris Johnson also exceeded expectations, with the French President offering the first inkling of a European…(read more)

UK-EU Tensions Keep the Pound Under Pressure

Written by Alastair Archbold on Thursday, August 22, 2019. Currency News - Sterling / EUR

Pound News: UK Borrowing Stats Fail to Move Sterling amid UK-EU Tensions Yesterday’s only notable UK data was July’s public sector net borrowing report. The data fell short of expectations but ultimately failed to influence the Pound. Brexit fears maintained pressure on Sterling as UK Prime Minister Boris Johnson met with German Chancellor Angela Merkel…(read more)

Pound Dips, Euro Stabilises, USD Steady

Written by Alastair Archbold on Tuesday, August 20, 2019. Currency News - Sterling / EUR

Pound News: Sterling Recoils from Highs Despite Brexit Hopes Following Sterling’s rebound last week, the currency recoiled yesterday. GBP lost ground despite rising hopes opposition leader Jeremy Corbyn would muster cross-party support and thwart a no-deal Brexit. The Confederation of British Industry (CBI) will publish its August industrial trends orders report today. The data is…(read more)

Euro Slides as ECB Looks Set for Significant Monetary Loosening

Written by Alastair Archbold on Monday, August 19, 2019. Currency News - Sterling / EUR

Last week’s high: €1.0996 Last week’s low: €1.0643 Promise of Significant ECB Action Fuels Euro Selling Comments from a senior European Central Bank (ECB) policymaker saw the Euro fall sharply out of favour ahead of the weekend. With the ECB looking set to deliver a significant shot of monetary loosening in September, EUR exchange rates…(read more)

Sterling Capitalises on UK Sales Data

Written by Alastair Archbold on Friday, August 16, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rebound Supported by Stronger Retail Sales Stats The Pound continued to rebound yesterday as UK retail sales data showed sales growth in July, alleviating fears for a UK recession. Sterling also found support as Britain’s opposition parties appeared to unite against Prime Minister Boris Johnson. Labour leader Jeremy Corbyn called for a…(read more)

Global Recession Fears Grow amid Eurozone Data and Inverted US Yield Curve

Written by Alastair Archbold on Thursday, August 15, 2019. Currency News - Sterling / EUR

Pound News: UK Inflation Surprises, Bets for BoE Rate Cut Decline July’s surprising UK inflation rate report helped the Pound to advance yesterday. The yearly inflation rate came in above the Bank of England’s (BoE) inflation targets, dousing speculation about a future cut in interest rates. Today’s UK retail sales report could be even more…(read more)

Jobs Data Fails to Boost GBP, Inflation Data Ahead

Written by Alastair Archbold on Wednesday, August 14, 2019. Currency News - Sterling / EUR

Pound News: Sterling Gains Capped after Mixed UK Employment Data The Pound failed to gain off the back of yesterday’s UK jobs data. Wages and job change data beat forecasts, but Britain’s key unemployment rate rose unexpectedly. Sterling could be pressured lower today if the UK’s inflation report shows a decline in consumer price pressures….(read more)

Global Trade Jitters Keep the Pressure on Major Currencies

Written by Alastair Archbold on Tuesday, August 13, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rebounds from Multi-Year Lows After hitting multi-year lows against some major currencies on Friday, the Pound spent yesterday rebounding from its worst levels despite ongoing no-deal Brexit fears. Today’s UK job market data could offer Sterling support if average earnings increased as expected. Euro News: Italian Political Uncertainties and German Recession Fears…(read more)

GBP/EUR Approaches 10-Year Low UK Growth Contracts

Written by Alastair Archbold on Monday, August 12, 2019. Currency News - Sterling / EUR

Last week’s high: €1.0957 Last week’s low: €1.0769 UK Growth & Possibility of General Election Drags on GBP/EUR As markets speculated on the possibility of a UK general election and the likelihood of Boris Johnson pushing through a no-deal Brexit, the GBP/EUR exchange rate remained under pressure throughout the week. A surprise contraction in the…(read more)

Trade-Correlated Currencies Rebound, GBP Poised for Losses

Written by Alastair Archbold on Friday, August 9, 2019. Currency News - Sterling / EUR

Pound News: Sterling Set for Losses after UK GDP Data The Pound struggled again yesterday as rising no-deal Brexit bets weighed heavily on the British currency. According to a Reuters poll, the median chance of a no-deal Brexit has risen to 35% since Boris Johnson became UK Prime Minister. Investors also became more concerned that…(read more)

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