Foremost Currency Group

Make the most of your currency

Talk to our friendly team:+44 (0)1442 892060

Currency News - EUR

Easing Eurozone Growth Limits Euro Demand, Canadian Dollar Softened By Oil Slump

Written by Joe Mayhew on Thursday, May 3, 2018. Currency News - Sterling / EUR

Pound News: UK Construction Sector Returns to State of Growth In a slightly more positive sign for the UK economy April’s construction PMI rebounded solidly on the month, rising from 47 to 52.5. However, the ultimate impact of the data was somewhat limited thanks to the relatively small contribution that the construction sector makes to…(read more)

Pound Slumps After Manufacturing Disappointment, US Dollar Bullish Ahead of Fed Meeting

Written by Tom Taylor on Wednesday, May 2, 2018. Currency News - Sterling / EUR

Pound News: Weaker Manufacturing Growth Weighs on GBP Confidence Investors were unimpressed to find that the UK manufacturing PMI had fallen short of forecast in April, suggesting that the economy continued to lose momentum at the start of the second quarter. This weighed heavily on Pound (GBP) exchange rates, with the odds of a May…(read more)

Solid US Inflation Boosts US Dollar, Canadian Dollar Shrugs off Oil Weakness

Written by Michael Brothers on Tuesday, May 1, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Political Jitters Add to Sterling Softness Friday’s weaker-than-expected UK gross domestic product data kept the Pound (GBP) on a softer footing at the start of the week. With the odds of a May Bank of England (BoE) interest rate hike falling GBP exchange rates also came under pressure from the latest domestic political…(read more)

GBP/EUR Slumps Sharply as UK Growth Hits the Rocks

Written by Sam Bowrey on Monday, April 30, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1517 Last week’s low: €1.1384 GBP/EUR Exchange Rate Upside Limited despite Dovish ECB Outlook The European Central Bank’s (ECB) April policy meeting failed to produce much support for Euro exchange rates. Investors were unsurprised to see that policymakers had left monetary policy unchanged for another month, with the quantitative easing programme set…(read more)

Dovish ECB Keeps Euro Under Pressure, Pound Climbs Ahead of UK GDP Data

Written by Reece Hansford on Friday, April 27, 2018. Currency News - Sterling / EUR

Pound News: Weaker UK GDP to Drag Sterling Down A better-than-expected BBA loans for house purchase figure offered some support to Pound (GBP) exchange rates on Thursday, even as the housing market showed signs of slowing. Confidence in the Pound could weaken markedly this morning, however, if the first quarter UK gross domestic product is…(read more)

Lower Government Borrowing Boosts Pound, Australian Dollar Softens After Disappointing Inflation

Written by Jessica Coot on Wednesday, April 25, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Lower Levels of Government Debt Boost Confidence Pound (GBP) exchange rates found support on the back of the latest UK public sector net borrowing data, which showed that government borrowing in the last financial year fell to its lowest level since 2007. This naturally encouraged confidence in the outlook of the UK economy,…(read more)

Brexit Jitters Limit Pound Demand, Euro Stumbles in Spite of Solid Eurozone PMIs

Written by David Worthington on Tuesday, April 24, 2018. Currency News - Sterling / EUR

Pound News: Brexit Worries Continue to Limit GBP Potential Confidence in the Pound (GBP) was somewhat rattled by the latest Brexit-based developments, as Downing Street rejected the idea of the UK remaining in the customs union after departing the EU. With UK and EU officials still at odds over the resolution of the Irish border…(read more)

Pound Euro Exchange Rate Forecast to Strengthen on Dovish ECB Meeting

Written by James Spurway on Monday, April 23, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1598 Last week’s low: €1.1379 Shifting Odds of BoE Interest Rate Hike Dent GBP/EUR Exchange Rate A sharp decline in the German ZEW economic sentiment survey put the Euro under pressure on Tuesday. Confidence in the outlook of the Eurozone economy continued to diminish in response to a weak run of domestic…(read more)

© Copyright 2013 to 2018 | Foremost Currency Group Ltd | All rights reserved