Foremost Currency Group

Make the most of your currency

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

Currency News - EUR

UK Growth Shows Shock Contraction as US Dollar Rebounds from Weekend Lows

Written by Joe Mayhew on Tuesday, June 11, 2019. Currency News - Sterling / EUR

Pound News: Contractions in UK Monthly Growth Leads to Fresh Sterling Losses As the UK Conservative Party’s leadership contest gets underway, the Pound is under pressure and yesterday’s fresh economic data only made it less appealing. A slew of UK ecostats, including GDP growth, manufacturing production and industrial production all printed well short of expectations…(read more)

German Economy Battered, but GBP/EUR Exchange Rate Falls

Written by Alastair Archbold on Monday, June 10, 2019. Currency News - Sterling / EUR

Last  week’s high: €1.1326 Last week’s low:  €1.1240   Euro Slumps on Disappointing German Industrial Production and Exports Last Monday saw data reveal the Eurozone’s manufacturing sector continued to slow as the bloc’s manufacturing PMI fell from 47.9 to 47.7. Meanwhile, on Tuesday data revealed the Eurozone’s annualised inflation rate was 1.2% in May, the…(read more)

Federal Reserve Rate Cut Bets and Signs of Weakness in US Jobs Dominate Market Movement

Written by Alastair Archbold on Thursday, June 6, 2019. Currency News - Sterling / EUR

Pound News: Sterling Finds Support in Modestly Resilient UK Services Data Following days of weak UK data, including surprising contractions in Britain’s manufacturing and construction sectors, the Pound found a little support yesterday as Markit’s services PMI for the nation beat expectations. Still, despite signs of resilience in Britain’s biggest economic sector, May’s PMIs showed…(read more)

Antipodean Currencies up Despite Australian Interest Rate Cut

Written by Tom Taylor on Wednesday, June 5, 2019. Currency News - Sterling / EUR

Pound News: Construction Data Keeps Pressure on Sterling Most of the Pound’s recent broad based weakness has been due to rising concerns that a no-deal Brexit could become reality if a hard Brexit supporter succeeds UK Prime Minister Theresa May. Recent UK data has only put further pressure on the British currency. After weak manufacturing…(read more)

Sterling Takes a Hit from Weakening Manufacturing

Written by David Worthington on Tuesday, June 4, 2019. Currency News - Sterling / EUR

  Pound News: UK Manufacturing Falls into Contraction for First Time Since Brexit Vote Earlier on in the year it was Brexit stockpiling as well as cautious optimism for a softer Brexit that caused Britain’s manufacturing sector to perform more strongly than expected. But the most recent manufacturing data – which came out yesterday –…(read more)

GBP/EUR Exchange Rate Slips despite Disappointing German Inflation

Written by Alastair Archbold on Monday, June 3, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1374 Last week’s low:  €1.1273   Euro Rallies despite German Inflation at 15-Month Low At the start of last week the Euro fell as Italian Deputy Prime Minister, Matteo Salvini’s League triumphed in the European parliamentary elections. However, Salvini revealed that the European Commission could fine Italy €3bn for breaking EU debt…(read more)

Pound Falls as EU Warns UK Brexit Deal not open for Renegotiation

Written by James Spurway on Friday, May 31, 2019. Currency News - Sterling / EUR

Pound News: Barnier Warns Brexit Deal Not Open for Renegotiation On Thursday the EU’s Chief Brexit Negotiator Michel Barnier warned Tory leadership candidates that Theresa May’s Withdrawal Agreement was not open for renegotiation. This dampened sentiment in Sterling as candidates expressed that they would be willing to leave the EU without a deal if renegotiation…(read more)

Sterling Battles Brexit Pessimism as Tory Leadership Race Starts

Written by Adam Wiffen on Thursday, May 30, 2019. Currency News - Sterling / EUR

toPound News: No-Deal Brexit Risk Increases On Wednesday Sterling was hit once again by Brexit pessimism, with the Pound remaining near four-month lows as the leadership contest to succeed Theresa May got underway. Most Conservative leadership candidates have said that they were prepared for a no-deal Brexit if Brussels refused to reopen negotiations – something…(read more)

Pound Suffers as Brexit Turmoil Continues and No-Deal Risk Increases

Written by Arron Morris on Wednesday, May 29, 2019. Currency News - Sterling / EUR

edPound News: Brexit Pessimism Dampens GBP Outlook The European parliamentary elections results revealed that the UK’s Brexit Party had made substantial progress and was able to secure 29 MEPs despite having only been in existence for six weeks. Meanwhile, on Tuesday, Sterling remained muted against major currencies as Brexit turmoil continued. As the leadership contest…(read more)

© Copyright 2013 to 2019 | Foremost Currency Group Ltd | All rights reserved