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Currency News - EUR

Euro Benefits as Confidence in Eurozone Economy Remains High

Written by James Baxter on Monday, February 5, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1466 Last week’s low: €1.1326 Strong Eurozone Data Continues to Support EUR Exchange Rates Investors were encouraged to find that the Eurozone consumer price index was stronger than forecast in January, despite a slight dip on the year. This helped to fuel hopes that the European Central Bank (ECB) will return to…(read more)

US Dollar Fails to Capitalise on Rising Fed Interest Rate Hike Odds

Written by Joe Mayhew on Friday, February 2, 2018. Currency News - Sterling / EUR

Pound News: Sterling Shrugs Off Underwhelming Manufacturing PMI While the UK manufacturing PMI fell short of forecast in January, dipping from 56.2 to 55.7, this failed to particularly weigh on Pound (GBP) exchange rates. As the index stayed firmly within expansion territory and demonstrated a sharp uptick in export growth the mood towards Sterling remained…(read more)

Euro Exchange Rates Recover Ground on Solid Eurozone Inflation

Written by Tom Taylor on Thursday, February 1, 2018. Currency News - Sterling / EUR

Pound News: Rejection of City Brexit Proposal Dents Sterling Markets were unsettled by reports that EU officials have rejected a blueprint for a post-Brexit free trade deal on financial services, raising fresh concerns over the future of the City. This naturally weighed on the Pound (GBP), with investors still seeing little cause for confidence in…(read more)

Surprise Trade Surplus Boosts New Zealand Dollar Rates

Written by Michael Vaughan on Wednesday, January 31, 2018. Currency News - Sterling / EUR

Pound News: BoE Rate Hike Hopes Support GBP Exchange Rates A leaked cabinet report on Brexit dented Pound (GBP) exchange rates on Tuesday, with the document indicating that all three most likely Brexit scenarios will leave the economy worse off. However, Sterling soon recovered from this knock, with markets encouraged by the latest comments from…(read more)

Euro Forecast to Reverse Gains if German or Eurozone Inflation Disappoint

Written by David Worthington on Monday, January 29, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1502 Last week’s low: €1.1316 Euro Exchange Rates Leap after ECB Prove Optimistic on Inflation Outlook The Euro surged higher across the board in the wake of Thursday’s European Central Bank (ECB) policy decision, even though there was no policy change at this stage. Comments from ECB President Mario Draghi proved particularly…(read more)

Euro Dominant as ECB Proves Optimistic on Inflation

Written by James Spurway on Friday, January 26, 2018. Currency News - Sterling / EUR

Pound News: Poor Sales Data Fails to Dent Sterling A weaker-than-expected CBI reported sales figure was not enough to knock the Pound (GBP) off its stronger footing yesterday. While this suggests that consumers have continued to rein in their spending as a result of the ongoing wage squeeze, investors remain confident about the prospect of…(read more)

Trade War Fears See US Dollar Exchange Rates Retreat

Written by David Bayliss on Thursday, January 25, 2018. Currency News - Sterling / EUR

Pound News: Surprise Wage Uptick Boosts GBP In an unexpected development UK weekly earnings excluding bonuses showed a modest acceleration to 2.4% in the three months to November. This encouraged the Pound (GBP) to surge higher across the board on Wednesday, despite the fact that wage growth is still a long way from catching up…(read more)

New Zealand Dollar Advances on Robust Service Sector Growth

Written by Jack Wiles on Wednesday, January 24, 2018. Currency News - Sterling / EUR

Pound News: Improved UK Deficit Not Enough to Boost Sterling Although UK public sector net borrowing showed a much smaller uptick on the month than forecast the Pound (GBP) struggled to capitalise on this positive showing. Even with the UK budget deficit bettering expectations in December GBP exchange rates remained in a bearish mood, thanks…(read more)

Government Shutdown Pressures US Dollar

Written by Jimi Boake on Tuesday, January 23, 2018. Currency News - Sterling / EUR

Pound News: GBP Jumps amid EUR Weakness, USD Sell-Off The Pound (GBP) strengthened against the majors yesterday benefitting from the dip in the US Dollar (USD). The Euro (EUR) also benefitted initially from the USD selloff however afternoon trading saw it sold off, leaving Sterling as the big winner on Monday. Looking ahead the Pound…(read more)

GBP/EUR Higher as BoE Comments Boost Rate Hike Optimism

Written by James Baxter on Monday, January 22, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1357 Last week’s low: €1.1225 Pound Accelerates on Saunders Comments Sterling initially weakened against the Euro last week as a dip in the UK’s latest CPI figures confirmed that inflation slowed last month, as expected. The Pound’s fortunes reversed in the middle of the session however as comments from the Bank of England’s…(read more)

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