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Currency News - EUR

Lower Government Borrowing Boosts Pound, Australian Dollar Softens After Disappointing Inflation

Written by Jessica Coot on Wednesday, April 25, 2018. Currency News - Foremost Currency News - Sterling / EUR

Pound News: Lower Levels of Government Debt Boost Confidence Pound (GBP) exchange rates found support on the back of the latest UK public sector net borrowing data, which showed that government borrowing in the last financial year fell to its lowest level since 2007. This naturally encouraged confidence in the outlook of the UK economy,…(read more)

Brexit Jitters Limit Pound Demand, Euro Stumbles in Spite of Solid Eurozone PMIs

Written by David Worthington on Tuesday, April 24, 2018. Currency News - Sterling / EUR

Pound News: Brexit Worries Continue to Limit GBP Potential Confidence in the Pound (GBP) was somewhat rattled by the latest Brexit-based developments, as Downing Street rejected the idea of the UK remaining in the customs union after departing the EU. With UK and EU officials still at odds over the resolution of the Irish border…(read more)

Pound Euro Exchange Rate Forecast to Strengthen on Dovish ECB Meeting

Written by James Spurway on Monday, April 23, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1598 Last week’s low: €1.1379 Shifting Odds of BoE Interest Rate Hike Dent GBP/EUR Exchange Rate A sharp decline in the German ZEW economic sentiment survey put the Euro under pressure on Tuesday. Confidence in the outlook of the Eurozone economy continued to diminish in response to a weak run of domestic…(read more)

Canadian Dollar Benefits as Oil Hits 3-Year High, Australian Dollar Falls on Labour Market Data

Written by James Spurway on Friday, April 20, 2018. Currency News - Sterling / EUR

Pound News: Weaker Retail Sales Failed to Prevent GBP Rally Even though UK retail sales figures fell short of forecast this failed to weigh down the Pound (GBP) for long. The contraction in sales was largely attributable to the adverse weather conditions seen in March, encouraging bets that spending will rebound in April in the…(read more)

Real Wage Growth Fails to Boost Pound Exchange Rates

Written by Jack Wiles on Wednesday, April 18, 2018. Currency News - Sterling / EUR

Pound News: UK Labour Market Continues to Tighten While the UK unemployment rate unexpectedly fell to a forty-two-year low of 4.2% in February this failed to shore up Pound (GBP) exchange rates on Tuesday. Even with average weekly earnings finally overtaking inflation the appeal of the Pound weakened, as wage growth failed to accelerate as…(read more)

Pound Surges in Anticipation of Stronger UK Wage Growth

Written by Jimi Boake on Tuesday, April 17, 2018. Currency News - Sterling / EUR

Pound News: Markets Confident in Prospect of May BoE Rate Hike Confidence in the Pound (GBP) generally picked up at the start of the week, with investors hopeful ahead of the latest round of Brexit discussions. With forecasts pointing towards a fresh uptick in the UK average weekly earnings figure GBP exchange rates were encouraged…(read more)

EUR Rates Slump after ECB Expresses Concern over Euro Strength

Written by Joe Mayhew on Monday, April 16, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1587 Last week’s low: €1.1445 Surprisingly Dovish ECB Minutes Weigh Heavily on Euro Unexpectedly dovish European Central Bank (ECB) meeting minutes put significant pressure on the Euro this week. Policymakers expressed concern over the prospect of a global trade war, while also noting worries over the relative strength of the single currency….(read more)

Dovish ECB Minutes Weigh Heavily on Euro Demand

Written by Tom Taylor on Friday, April 13, 2018. Currency News - Sterling / EUR

Pound News: Stagnating UK House Prices Fail to Dent BoE Rate Hike Bets Investors were not impressed to find that the RICS house price balance had stagnated once again in March, pointing towards a continued softening of the UK housing market. However, this failed to keep the Pound (GBP) on a weaker footing on Thursday…(read more)

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