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Currency News

Sterling Continues to Fall Back from Highs despite Strong UK Data

Written by James Spurway on Thursday, February 20, 2020. Currency News - Sterling / EUR

Pound News: Strong UK Retail Sales Fail to Prevent Sterling’s Tumble The Pound continued to fall today, even after today’s UK retail sales results continued this week’s trend of forecast-beating data. Current hopes for Britain’s economic outlook were offset by concerns over the upcoming start of UK-EU negotiations. Still, Sterling could fall a lot lower…(read more)

Solid Data Helps Pound to Hold Most of its Recent Gains

Written by James Spurway on Wednesday, February 19, 2020. Currency News - Sterling / EUR

Pound News: Strong UK Inflation Helps Sterling to Hold its Ground Market hopes for government spending in the upcoming UK budget, as well as solid UK data, have helped the Pound to avoid losses in recent sessions. Some investors are selling the Pound from its recent highs, but today’s inflation rate beat forecasts and helped…(read more)

Lingering Coronavirus Fear and Strong US Data Leaves USD King

Written by James Spurway on Monday, February 10, 2020. Currency News - Sterling / EUR

Pound News: Sterling Steadies after Week of Revived Hard Brexit Jitters The Pound rounded off a week of volatility and hard Brexit jitters by steadying slightly on Friday. Amid a lack of fresh data or Brexit news, investors adjusted positions and awaited the coming week’s data. All of this week’s notable UK data will be…(read more)

Pound Rallies on Brexit Day as Coronavirus Concerns Throttle Riskier Assets

Written by Laura Parsons on Monday, February 3, 2020. Currency News - Sterling / EUR

Pound News: Brexit Uncertainty Could Return to Sterling Outlook At the end of last week, the Pound continued to benefit from optimism around the Bank of England’s (BoE) most recent policy decision. However, some analysts warned that as Brexit takes place, new market focus on Brexit negotiations could weigh on the Pound outlook. Britain’s January…(read more)

Bank of England (BoE) Neutral, Sterling Surges Ahead of Brexit Day

Written by James Spurway on Friday, January 31, 2020. Currency News - Sterling / EUR

Pound News: Sterling Jumps after Bank of England (BoE) Decision Following weeks of speculation that the Bank of England (BoE) could cut UK interest rates, the bank voted to leave rates frozen yesterday. The bank left the door open for potential rate cuts if Britain’s economy did not improve, but showed optimism that Britain’s economy…(read more)

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)

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