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Currency News - EUR

Brexit and UK Economic Fears Knock GBP/EUR to 2018 Lows

Written by Tom Taylor on Monday, July 23, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1338 Last week’s low: €1.1164 Euro Gains Limited by Expectations of Monetary Policy Divergence Last week was a busy – and somewhat bearish – one for the Pound to Euro exchange rate. While the week’s Eurozone data was relatively underwhelming, the surprising misses in UK data and the fresh Brexit uncertainties and…(read more)

Bank of England (BoE) Bets Fall on UK Retail Data, Trade War Jitters Return

Written by Michael Vaughan on Friday, July 20, 2018. Currency News - Sterling / EUR

Pound News: UK Retail Sales Miss Forecasts and Weaken Bank of England (BoE) Bets The Pound is on track to see losses against most major rivals this week, as Thursday rounded off the gloomy UK news with an underwhelming June retail sales report. UK retail sales unexpectedly contracted month-on-month in June and slowed more than…(read more)

Sterling Tumbles as Bank of England (BoE) Interest Rate Hike Bets Fall, Eurozone Inflation Falls Short

Written by Alastair Archbold on Thursday, July 19, 2018. Currency News - Sterling / EUR

Pound News: Weak UK Inflation Leaves Investors Double-Guessing Rate Hike On Tuesday evening Brexit jitters worsened as UK Prime Minister Theresa May barely avoided defeat on a vote regarding Britain’s membership in an EU customs union post-Brexit. The situation exacerbated concerns about the strength of May’s leadership. On Wednesday the Pound selloff continued as investors…(read more)

Pound Tumbles as Brexit Uncertainties Pile Up, US Dollar Strengthens on Expectations for More Fed Rate Hikes

Written by Sam Bowrey on Wednesday, July 18, 2018. Currency News - Sterling / EUR

Pound News: Latest Brexit Uncertainties Knock GBP Lower UK Prime Minister Theresa May’s position on the Brexit process looks increasingly uncertain this week as following concessions on her plan in Parliament on Monday, yesterday saw May face yet another defeat on her Brexit plan. Britain’s opposition Labour Party confirmed it would back an amendment on…(read more)

Pound Volatility Expected on UK Jobs Data

Written by Reece Hansford on Tuesday, July 17, 2018. Currency News - Sterling / EUR

Pound News: Sterling Limp on Fears of Brexit Concessions Last week’s Brexit jitters kept pressure on the Pound during Monday, but investors were faced with fresh Brexit uncertainties too. Ex-UK minister Justine Greening called for the UK government to hold a referendum over whether the public preferred a soft or hard Brexit. Meanwhile, signs that…(read more)

Pound Euro Exchange Rate under Pressure amid Brexit Speculation

Written by Michael Brothers on Monday, July 16, 2018. Currency News - Sterling / EUR

Last week’s high: €1.1344 Last week’s low: €1.1253 Signs of ECB Hawkishness Benefit Euro Exchange Rates Comments from European Central Bank (ECB) policymakers have provoked significant volatility for the Euro over the course of the last week. Markets are continuing to speculate over the likely timing of the ECB’s first interest rate hike since 2011,…(read more)

Brexit Whitepaper Sees Mixed Reaction, Risk Rally Revives on Mixed US Inflation

Written by Laura Parsons on Friday, July 13, 2018. Currency News - Sterling / EUR

Pound News: Brexit Whitepaper Brings New Optimism and New Uncertainties With UK ecostats lacking since Tuesday, Pound investors have been increasingly focused on Brexit developments – and Thursday saw the publication of the UK government’s highly anticipated Brexit whitepaper. While the whitepaper detailed plans to maintain some freedom of movement for skilled workers post-Brexit, the…(read more)

Pound Steady on Lack of Fresh Developments, Canadian Dollar Climbs as Bank of Canada Maintains Outlook

Written by David Worthington on Thursday, July 12, 2018. Currency News - Sterling / EUR

Pound News: Lack of Changes in UK Outlook Leaves Pound Steady Despite the flurry of UK political developments at the beginning of the week, the Pound saw relatively flat trade on Wednesday. While Brexit jitters persist, political jitters have faded and investors are more confident that UK Prime Minister Theresa May will maintain her position….(read more)

Pound Recovers as Political Jitters Wane, Australian Dollar Remains Supported by Risk-Sentiment

Written by James Spurway on Wednesday, July 11, 2018. Currency News - Sterling / EUR

Pound News: GBP Rebounds as UK Political Jitters Ease The Pound saw a strong recovery against major rivals like the Euro on Tuesday. The gains were largely caused by market perception that UK Prime Minister Theresa May was likely to keep her position even if she was challenged. Sterling’s gains were limited though. Bank of…(read more)

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