ECB

Euro Tumbles as ECB Pauses Rate Hiking Cycle, Pound Weakens amid UK Economy Fears

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Euro (EUR) Banknotes

The Pound fell this week as downbeat UK data raised concerns about the country’s economic health. Meanwhile, the Euro dropped as the European Central Bank (ECB) left interest rates unchanged. Pound Declines amid Weak Economic Data GBP/EUR – Unchanged on the week’s opening levels GBP/USD – Down half a cent on the week’s opening levels … Read more Euro Tumbles as ECB Pauses Rate Hiking Cycle, Pound Weakens amid UK Economy Fears

Euro Plunges as ECB Signals Rates Have Peaked, Pound Slides as UK Economy Weakens

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Euro (EUR) Banknotes

The Pound faced selling pressure this week as downbeat economic data sparked recession fears and dampened Bank of England (BoE) interest rate hike bets. Meanwhile, the Euro plunged after the European Central Bank (ECB) raised rates but indicated that this may have been its last hike. Pound Falls amid Poor UK Data GBP/EUR – Unchanged … Read more Euro Plunges as ECB Signals Rates Have Peaked, Pound Slides as UK Economy Weakens

Pound Slumps as UK Business Activity Contracts, Euro Weakens following Disappointing Data

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Pound Sterling

The Pound faced heavy selling pressure this week after dire economic data raised the spectre of a possible UK recession. Meanwhile, the Euro also suffered at the hands of gloomy economic reports, with contracting private sector activity and ongoing German weakness denting EUR. Pound Slides as Recession Fears Swirl GBP/EUR – Down half a cent … Read more Pound Slumps as UK Business Activity Contracts, Euro Weakens following Disappointing Data

Euro Edges Higher on European Central Bank (ECB) Tone, US Dollar Slips as US Inflation Misses Expectations

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Pound News: Sterling Static after BoE Decision Investors had little reason to move on the Pound on Thursday, as this week’s Brexit news continued to offer the British currency some support while the latest Bank of England (BoE) news had little impact. This left Sterling to be driven by the strength of major rivals instead. As was widely expected, the … Read more Euro Edges Higher on European Central Bank (ECB) Tone, US Dollar Slips as US Inflation Misses Expectations

GBP/AUD Falls After Bank of England Inflation Report

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James Baxter Senior Currency Broker T: 01442 892 062 E: [email][email protected][/email] GBP/AUD Falls to 2.02 The pound dropped fairly significantly against most of its main counterparts on Thursday after a more dovish than expected quarterly inflation report from the Bank of England. Against the euro, the pound dropped back into the 1.20’s and had dropped … Read more GBP/AUD Falls After Bank of England Inflation Report

Jackson Hole positive after recent market turmoil

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Written by: Kingsley Walker Currency Broker T: 01442 892071 E: [email protected] W: foremostcg.wpengine.com The impact of last week’s turmoil is still being felt across the globe as fresh concerns surrounding the Chinese economy were triggered this week as global equities struggled. Coupled with the continued fall in oil prices, the current outlook for investors is … Read more Jackson Hole positive after recent market turmoil

Markets rejoice after a disastrous start to the week

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Written by: Kingsley Walker Currency Broker T:01442 892071 E: [email protected] W: foremostcg.wpengine.com Markets rejoice after a disastrous start to the week and stock markets from Asia to US rose following positive data from the US. With the effects of black Monday seemingly fading the FTSE 100 rose and recouped all of the losses that it … Read more Markets rejoice after a disastrous start to the week

China and Greece Dominate Headlines

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Written by Senior Currency Broker James Baxter T: 01442 892062 E: [email protected] foremostcg.wpengine.com China and Greece Dominate Headlines In terms of actual market movement, yesterday was a fairly quiet day for our two most actively traded currency pairs, GBP/EUR and GBP/USD. GBP/USD ended the day where it started and the euro managed to gain around … Read more China and Greece Dominate Headlines

ECB Weigh-In on Eurozone

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Written By Kingsley Walker GBP Gains Against USD and EUR Barclays posted a 25% increase in half year profits yesterday to the value of £3.1bn, however, set aside a further £850 million for customer compensation. Considering the recent run of bad press many were surprised by the figures. Sterling gave us the second surprise of … Read more ECB Weigh-In on Eurozone

Greece Thrown Final Lifeline

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It was a fairly quiet end to last week for our most commonly traded currency pair, GBP/EUR, with the cross remaining in a tight range for most of the day. It was a different story for GBP/USD however, as the US currency lost nearly one percent to the pound. Optimism over the potential for an … Read more Greece Thrown Final Lifeline