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Currency News - EUR

Pound Sterling Exchange Rates Decline on Business Uncertainty over Brexit

Written by James Baxter on Tuesday, October 9, 2018. Currency News - Sterling / EUR

Pound News: GBP Weakened by Falling Business Confidence over Brexit Pound Sterling traded tightly against the Euro yesterday and fell against the US Dollar, following news of falling UK business confidence. Among other issues, UK business owners reported that the high level of uncertainty surrounding the Brexit process was the cause of their waning optimism….(read more)

GBP/EUR Powers Ahead on Brexit Positivity and Weaker Eurozone Data

Written by Arron Morris on Monday, October 8, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1355 Last week’s low:  €1.1209 Euro on a losing Streak as Pound Consolidates Gains The Pound Euro exchange rate gained around 1.2% last week, hitting a three month high following some positive developments regarding Brexit combined with mixed economic data coming out of the Eurozone. The first half of the week was…(read more)

Pound Sterling Exchange Rates Boosted by Irish Brexit Support

Written by David Worthington on Friday, October 5, 2018. Currency News - Sterling / EUR

Pound News: GBP Supported by Signs of Irish Support Ireland came to the Pound’s rescue yesterday, with reports of Irish government support for a UK-wide customs deal causing all-round GBP exchange rate gains. The hope was that this would be the much-needed breakthrough in Brexit talks on the Irish border, with the Irish proposal representing…(read more)

Pound Sterling Exchange Rate Rises on PM’s Conference Speech

Written by James Spurway on Thursday, October 4, 2018. Currency News - Sterling / EUR

Pound News: GBP Rallies on PM’s Optimistic Outlook The Pound rose against most of its currency peers on Wednesday afternoon, aided by Prime Minister Theresa May’s speech at the Conservative Party Conference. While there were detractors, the PM’s comments on (eventually) ending austerity and remaining civil in Brexit talks went down well among GBP traders….(read more)

Pound Suffers Setbacks as Construction Disappoints and Political Jitters Mount

Written by David Bayliss on Wednesday, October 3, 2018. Currency News - Sterling / EUR

Pound News: GBP Down Across the Board as Construction PMI Comes in Below Forecasts Pound Sterling fell against all of the major currencies yesterday after a day in which GBP investors became focused on some flaccid data results and political turmoil. The construction PMI for September was forecast to show slowing growth but when it…(read more)

Pound Sterling Rises on Supportive UK Manufacturing Stats

Written by Jack Wiles on Tuesday, October 2, 2018. Currency News - Sterling / EUR

Pound News: GBP Boosted by Surprise UK Manufacturing Growth Pound Sterling rose against most of its regular currency peers yesterday, thanks to better-than-expected UK manufacturing PMI data. Forecasts had been for a slowdown in sector growth, but instead the data showed an acceleration during September. The UK is one of the few nations with national…(read more)

GBP/EUR Volatility ahead on UK and Eurozone PMI Data

Written by Jimi Boake on Monday, October 1, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1266 Last week’s low: €1.1131 Last Week’s News: GBP/EUR Gains Triggered by Fed Rate Hike and Mixed Eurozone Inflation Stats Having tumbled against the Euro on 21st September, the Pound was able to regain lost ground and rise in the GBP/EUR pairing last week to almost completely recover. This exchange rate rise…(read more)

Pound Sterling Steady ahead of Key UK GDP Data

Written by Joe Mayhew on Friday, September 28, 2018. Currency News - Sterling / EUR

Pound News: GBP could Rally on UK GDP Data The Pound firmed against the Euro and Australian Dollar yesterday, although this was mainly because of weakness in the latter two currencies. There was limited UK domestic data out yesterday, with the overhanging threat of a no-deal Brexit limiting overall Pound exchange rate gains. After a…(read more)

GBP News – Pound falls Against US Dollar as Fed Hikes Rates by 0.25%

Written by Tom Taylor on Thursday, September 27, 2018. Currency News - Sterling / EUR

Pound News: GBP under Pressure from USD as Fed Hikes Rates The Pound has suffered as small fall of 0.3% this morning after the US Federal Reserve raised its basic interest rate by 0.25% yesterday evening, meaning the new rate is 2.25%. Barring any surprise Brexit announcements, the Pound could appreciate this afternoon if Bank…(read more)

Pound Sterling Holds Weekly Gains on Hopes for Clean Brexit

Written by Michael Vaughan on Wednesday, September 26, 2018. Currency News - Sterling / EUR

Pound News: GBP Exchange Rates Improve on Brexit Secretary’s Remarks The Pound traded positively on Tuesday, rising against its regular currency peers thanks to a prolonged positive response to Monday’s news. Brexit Secretary Dominic Raab set off the initial GBP exchange rate rise when he indicated that he was willing to keep Brexit talks going…(read more)

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