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Currency News

Bank of England (BoE) Interest Rate Cut Bets Decrease after Strong UK Job Report

Written by James Spurway on Wednesday, January 22, 2020. Currency News - Sterling / EUR

Pound News: UK Job Market Report Leads to Pound Rebound The Pound finally found some solid support yesterday, as UK job market data beat expectations. However, as Bank of England (BoE) interest rate cut bets persist the Pound’s potential for gains was limited. Today’s UK data will be less significant. The CBI’s factory and retail…(read more)

Central Bank Jitters Come into Focus BoC this Week, BoE Next

Written by Laura Parsons on Tuesday, January 21, 2020. Currency News - Sterling / EUR

Pound News: Fresh Hard Brexit Jitters Give Sterling a Knock Investors are hesitant to move too much on the Pound amid anticipation of this week’s UK data and next week’s Bank of England (BoE) policy decision. However, weekend comments from UK Chancellor Sajid Javid pressured Sterling yesterday, as they worsened hard Brexit concerns. UK job…(read more)

UK Inflation Sends Pound Sterling Lower

Written by Laura Parsons on Thursday, January 16, 2020. Currency News - Sterling / EUR

Pound News: Bank of England (BoE) Interest Rate Cut Bets Continue to Rise Yesterday saw the publication of another disappointing UK dataset. Britain’s December inflation rate fell to a stagnant 0.0%, and the worse than expected price pressures led to further Bank of England (BoE) interest rate cut bets and a weaker Pound. Sterling could…(read more)

Central Bank Outlooks in Focus for Major Currencies as Geopolitics Cool

Written by James Spurway on Wednesday, January 15, 2020. Currency News - Sterling / EUR

Pound News: Sterling Steadies Ahead of Key UK Inflation Results Following Monday’s Pound plunge, the British currency saw steadier movement yesterday. News that Scotland may not be able to hold a second independence referendum boosted perceived political stability, which helped Sterling to climb away from lows. Today’s UK inflation rate results will be closely watched….(read more)

Brexit Uncertainties Return to Focus for Sterling

Written by James Spurway on Wednesday, January 8, 2020. Currency News - Sterling / EUR

Pound News: Brexit Hopes Not Enough to Keep Sterling Gaining After a bullish performance on Monday, Sterling was more mixed yesterday. Pound investors turned attention back to Brexit amid hopes that UK Parliament would smoothly pass the government’s Brexit plans, but concerns about a 2020 of uncertain UK-EU Brexit negotiations persist and pressure Sterling. This…(read more)

Sterling Finds Support from UK Services Data

Written by James Spurway on Tuesday, January 7, 2020. Currency News - Sterling / EUR

Pound News: UK Services Report Surprises Yesterday saw the publication of Britain’s final December services PMI, which beat projections of a contraction and printed at 50.0. The data was a nice surprise and gave Sterling a boost. No notable UK data will be published today, leaving the Pound to react to potential developments in Brexit…(read more)

Global Growth Hopes Rising despite Poor Manufacturing in December

Written by James Spurway on Friday, January 3, 2020. Currency News - Sterling / EUR

Pound News: Brexit and Manufacturing Jitters Keep Pound under Pressure The Pound was unable to hold the gains seen earlier in the week as markets refocused on UK economic uncertainty yesterday. Sterling tumbled amid weaker than expected UK manufacturing stats and anxiety ahead of the formal Brexit date at the end of this month. Britain’s…(read more)

GBP Gains but Currency Movement Limited before New Year Break

Written by James Spurway on Tuesday, December 31, 2019. Currency News - Sterling / EUR

Pound News: Surprise Rise in UK Mortgages Boosts Sterling The Pound attempted another modest rebound yesterday. A surprise jump in UK finance mortgage approvals softened concerns that UK household activity had been severely hindered by political uncertainty towards the end of the year. No notable UK data will be published today, leaving Sterling to be…(read more)

Hard Brexit Fears Could Cause Festive Period Market Gloom

Written by James Spurway on Sunday, December 22, 2019. Currency News - Sterling / EUR

Pound News: Sterling Rebounds from Week of Losses After plummeting for most of last week, the Pound saw a rebound in demand on Friday afternoon. Investors bought the British currency back from its cheapest levels, thanks partially to some stronger than expected UK growth data. Fears of Brexit uncertainty lasting through 2020 are likely to…(read more)

Split Bank of England’s Keeps Pound Sliding and Risk-Sentiment Persists

Written by James Spurway on Friday, December 20, 2019. Currency News - Sterling / EUR

Pound News: Cautious Bank of England Extends Pound’s Tumble Revived hard Brexit fears have left the Pound tumbling this week, and yesterday’s Bank of England (BoE) news only left the British currency even weaker. Two policymakers once again voted to cut UK interest rates, and more analysts are speculating that Brexit uncertainty will pressure the…(read more)

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