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Currency News - EUR

‘No Deal’ Brexit Fears Dominate Pound Movement, Hopes for Hawkish Fed Boost US Dollar

Written by Tom Taylor on Tuesday, August 7, 2018. Currency News - Sterling / EUR

Pound News: Brexit Fears Worsen despite Last Week’s Bank of England Rate Hike A combination of last week’s Brexit warnings from the Bank of England (BoE) and fresh ‘no deal’ Brexit fears weighed heavily on the Pound on Monday, making the British currency fall against most major rivals. Investors sold the Pound in reaction to…(read more)

Bank of England Governor Knocks Sterling with Cautious Tone, US Dollar Sturdy on Fed Hawkishness

Written by Alastair Archbold on Friday, August 3, 2018. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Rate Hike Sends Sterling Lower The Bank of England (BoE) surprised investors by being unanimous about its decision to hike UK interest rates on Thursday, but comments from Bank of England Governor Mark Carney ultimately weighed on the Pound. Carney indicated that the Bank of England’s path of interest…(read more)

Sterling Edges Higher Ahead of BoE Decision, US-China Trade Jitters Worsen

Written by Sam Bowrey on Thursday, August 2, 2018. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Anticipation Drags Sterling from Lows While the Pound still lacks any particularly strong support, it was able to move away from its worst levels during Wednesday’s session despite some underwhelming UK manufacturing PMI data. The UK manufacturing PMI slipped from 54.3 to a lower-than-expected 54.0, but market anticipation for…(read more)

Weakening Consumer Confidence Hits Pound, Euro Struggles on Mixed Data

Written by Reece Hansford on Wednesday, August 1, 2018. Currency News - Sterling / EUR

Pound News: Falling Consumer Confidence Weighs on Sterling As the GfK consumer confidence index unexpectedly weakened from -9 to -10 in July this has left the Pound (GBP) on a softer footing against its rivals. Investors were not particularly encouraged to find that sentiment had continued to sour at the start of the third quarter,…(read more)

Pound Remains Soft in Spite of Rising UK Credit, Euro Defies Weaker German Inflation

Written by Michael Brothers on Tuesday, July 31, 2018. Currency News - Sterling / EUR

Pound News: Sterling Fails to Benefit From Solid Credit Figures Both June’s UK net consumer credit and mortgage approvals figures bettered forecast, showing a solid uptick on the month. This was not enough to shore up Pound Sterling (GBP), however, as investors continued to speculate over the likelihood of an imminent Bank of England (BoE)…(read more)

Bank of England Speculation Helps GBP/EUR to Rise

Written by David Worthington on Monday, July 30, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1274 Last week’s low: €1.1179 European Central Bank (ECB) Tone Keeps Pressure on Euro Despite Brexit and Bank of England (BoE) uncertainties weighing heavily on the Pound and limiting the Pound to Euro (GBP/EUR) exchange rate’s potential for gains, the pair still advanced last week due to weakness in the Euro. Hopes…(read more)

European Central Bank Decision Unsurprising, US Dollar Rebounds

Written by James Spurway on Friday, July 27, 2018. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Speculation Keeps Sterling Afloat Thursday came and went without any particularly influential news for Pound investors. Markets ultimately remained steady on the British currency in anticipation of next week’s key Bank of England (BoE) decision. The Pound has edged higher this week due to soft Brexit hopes and expectations…(read more)

Australian Inflation Disappoints While Euro Investors Anticipate European Central Bank Decision

Written by David Bayliss on Thursday, July 26, 2018. Currency News - Sterling / EUR

Pound News: Soft Brexit Hopes Fail to Sustain Pound Uptrend While soft Brexit hopes did rise slightly this week and bolster Pound demand on Tuesday, this didn’t lead to a sustained Pound rally. Uncertainties remain, so Pound investors await more Brexit news and next week’s Bank of England (BoE) policy decision. Wednesday also saw the…(read more)

Brexit Developments Offer Sterling Support, Euro and US Dollar Down on Mixed PMI Projections

Written by Jimi Boake on Wednesday, July 25, 2018. Currency News - Sterling / EUR

Pound News: Soft Brexit Hopes Bolstered as UK Cabinet takes Control of Negotiations After seeing limited movement throughout Monday, demand for the Pound rose slightly on Tuesday due to developments in the UK government before Parliament began its summer recess. UK Prime Minister Theresa May published a statement saying that the UK government’s Cabinet Office…(read more)

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