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Currency News - EUR

Cautious BoE Remarks Drag on Pound Exchange Rates

Written by Joe Mayhew on Friday, January 19, 2018. Currency News - Sterling / EUR

Pound News: Contrasting Views from BoE Cause Sterling Volatiity Uncertainty about the Bank of England’s (BoE) plans for monetary policy left the Pound (GBP) unsettled yesterday. Traders were focused on comments made by BoE policymaker Silvana Tenreyro, who stated that there was ‘ample time’ before interest rates might need to be raised again. The Pound…(read more)

Pound Falls In Spite of Easing UK Inflation

Written by Michael Vaughan on Wednesday, January 17, 2018. Currency News - Sterling / EUR

Pound News: BoE Rate Hike Odds Weakened by Falling Inflation Markets were not particularly encouraged by news that the UK consumer price index had dipped to 3% in December, leaving Pound (GBP) exchange rates on a weaker footing. As inflation started to ease back towards the Bank of England’s (BoE) 2% target this was seen…(read more)

German Coalition Breakthrough Failed to Prevent GBP/EUR Rally

Written by David Worthington on Monday, January 15, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1350 Last week’s low: €1.1206 Hawkish ECB and German Coalition Deal Boosted Euro Exchange Rates Eurozone data continued to impress over the course of the last week, limiting the downside potential of the Euro. As the German trade surplus widened further than forecast in November and the annual gross domestic product figure…(read more)

Pound Down, Euro Surges Thanks to Hawkish ECB Minutes

Written by James Spurway on Friday, January 12, 2018. Currency News - Sterling / EUR

Pound News: Brexit Worries Limit Sterling Demand Comments from London Mayor Sadiq Khan put Pound (GBP) exchange rates under some pressure on Thursday, as he offered a fresh warning over the negative impact of a so-called ‘no deal’ Brexit. The Bank of England’s (BoE) Credit Conditions and Bank Liabilities surveys did not give Sterling any…(read more)

Euro Fails to Capitalise on Falling Eurozone Unemployment Rate

Written by David Bayliss on Wednesday, January 10, 2018. Currency News - Sterling / EUR

Pound News: Markets Unimpressed by May’s Cabinet Reshuffle Markets remained unimpressed with the results of Theresa May’s highly anticipated cabinet reshuffle, leaving Pound (GBP) exchange rates on a weaker footing. The lack of change, and reports that some ministers refused to move as the Prime Minister wanted, added to investor doubts over Theresa May’s political…(read more)

GBP/EUR Climbs After Lacklustre Eurozone Inflation Data

Written by Jimi Boake on Monday, January 8, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1296 Last week’s low: €1.1209 Euro Softer as Weak Inflation Undermines ECB Tightening Odds December’s raft of Eurozone manufacturing and services PMIs continued to paint an encouraging picture of the domestic economy last week, boosting demand for the Euro. With the Eurozone looking set to maintain a strong level of economic momentum…(read more)

US Dollar Extends Slump After Uninspiring Fed Meeting Minutes

Written by James Baxter on Friday, January 5, 2018. Currency News - Sterling / EUR

Pound News: Mixed UK Services PMI Limits GBP Demand Although December’s UK services PMI showed a modest uptick on the month this failed to encourage any particular support for Pound (GBP) exchange rates on Thursday. The underlying details of the report were not overly encouraging, with a decline in business sentiment suggesting that the UK…(read more)

Pound Falters as Construction Sector Outlook Weakens

Written by Joe Mayhew on Thursday, January 4, 2018. Currency News - Sterling / EUR

Pound News: GBP Slumps on Weaker Construction PMI Demand for the Pound (GBP) weakened sharply on Wednesday on the back of a disappointing December construction PMI. Particularly concerning was the subdued nature of longer-term confidence amongst construction firms, with the report’s measure of sentiment falling to its lowest level since mid-2013. Even so, if today’s…(read more)

Sterling Sentiment Lifted by Robust Manufacturing PMI

Written by Tom Taylor on Wednesday, January 3, 2018. Currency News - Sterling / EUR

Pound News: GBP Strengthens in Wake of Factory PMI The Pound (GBP) strengthened against the majority of its peers on Tuesday in reaction to the release of the UK’s latest Manufacturing PMI. While the PMI slipped slightly in December from the multi-year high struck in November, it remained ahead of 2017’s average rate of expansion,…(read more)

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