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Currency News - EUR

GBP/EUR Exchange Rate Climbs despite Heightened Brexit Uncertainty

Written by Alastair Archbold on Monday, January 21, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1406 Last week’s low: €1.1152   Pound Buoyed by Brexit Delay Optimism The Pound Euro (GBP/EUR) exchange rate struck higher last week, despite the crushing defeat of Theresa May’s Brexit deal leading to greater uncertainty. This rise in Sterling that was largely attributed to expectations that a no-deal Brexit would not occur,…(read more)

Possibility that UK Parliament Could Vote on Second Referendum Keeps Sterling Buoyed

Written by Joe Mayhew on Friday, January 18, 2019. Currency News - Sterling / EUR

Pound News: Brexit Speculation Continues to Drive Sterling The Pound continued to gradually climb versus some major rivals, including the Euro and Australian Dollar, yesterday. This was due to market speculation regarding how the Brexit process will proceed going forward. Markets are increasingly taking for granted a delay to the formal Brexit leaving date, and…(read more)

Sterling Remains Appealing despite Brexit Deal Failure, Risk-Sentiment Weakens

Written by Michael Vaughan on Thursday, January 17, 2019. Currency News - Sterling / EUR

Pound News: Sterling Firms as Investors await Further Brexit Clarification The Pound put in a relatively sturdy performance yesterday, despite the UK government’s Brexit deal being defeated in Parliament. Investors bought the Pound amid rising expectations that the Brexit process will be formally delayed. Investors are also hopeful that UK MPs will work to avoid…(read more)

Pound Slumps then Jumps on UK Government’s Historic Brexit Deal Defeat

Written by Alastair Archbold on Wednesday, January 16, 2019. Currency News - Sterling / EUR

Pound News: Defeat of UK Government’s Brexit Deal Leaves GBP Erratic For most of yesterday’s session, investors steadied positions on the Pound ahead of the evening’s UK Parliament Brexit vote. Hopes that the Brexit process could be formally delayed did little to help the Pound remain appealing. The vote saw UK Prime Minister Theresa May’s…(read more)

Pound Edges Higher as Investors Anticipate Today’s Parliament Vote

Written by Tom Taylor on Tuesday, January 15, 2019. Currency News - Sterling / EUR

  Pound News: Hopes for Brexit Delay Help Sterling to Hold its Ground Despite market anxiety ahead of today’s highly-anticipated Parliament vote on Brexit, the Pound avoided losses against most major currency rivals yesterday. However, demand for the British currency wasn’t exactly strong either. Investors were encouraged by news that the EU was prepared to…(read more)

GBP/EUR Exchange Rate Slips despite Disappointing Eurozone Data

Written by Alastair Archbold on Monday, January 14, 2019. Currency News - Sterling / EUR

Last week’s high: €1.1165 Last week’s low:  €1.1039   Euro Bolstered by Eurozone Unemployment Falling to 10-Year Low Last Monday saw the release of German retail sales for November, which showed a better-than-expected jump from -0.3% to 1.4%, causing the Euro to rise against Sterling at the start of the session. The release of the…(read more)

Federal Reserve Dovishness Drives Risk-Sentiment, Election Speculation Knocks Pound

Written by David Worthington on Friday, January 11, 2019. Currency News - Sterling / EUR

Pound News: General Election Concerns Knock Sterling The uncertainties for the UK economic outlook and the Pound just piled up this week. After Parliament voted to pressure the government to present a ‘Plan B’ within days if next week’s Brexit vote fails, the opposition Labour Party indicated it would pressure the government to spark a…(read more)

Brexit Developments Leave Pound Volatile, US-China Trade Talk Progress Makes Risk-Taking Appealing

Written by James Spurway on Thursday, January 10, 2019. Currency News - Sterling / EUR

Pound News: Theresa May Pressured to Announce ‘Plan B’ if her Brexit Deal Fails Yesterday saw UK Prime Minister Theresa May’s Brexit deal return to debate in Parliament, as the government was defeated over an amendment that could make the chances of a ‘no-deal’ Brexit less likely. The amendment would accelerate the time in which…(read more)

Sterling Fails to Capitalise on Brexit Hopes, US Dollar Rebounds Following Days of Losses

Written by Adam Wiffen on Wednesday, January 9, 2019. Currency News - Sterling / EUR

Pound News: UK Amendment to Block ‘No-Deal’ Brexit Fails to Impress Investors The Pound saw demand slip yesterday as investors ignored hopes that UK politicians were looking for ways to avoid a ‘no-deal’ Brexit. A cross-party group of MPs tabled an amendment which would pressure the UK government to avoid willingly heading towards a ‘no-deal’…(read more)

Sterling Tries to Claw Back Losses despite Poor Car Sales

Written by Arron Morris on Tuesday, January 8, 2019. Currency News - Sterling / EUR

Pound News: Disappointing Car Sales and Brexit Debate Limit GBP December’s new car sales did little to help the Pound, as the figure fell from -3% to -5.5%. It seems likely that with Parliament returning from their recess and the Brexit negotiations continuing Pound Sterling exchange rates will become increasingly volatile, although the date of…(read more)

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