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Mon 16 Sep 2019 05:18GMT

Euro News

Latest 10 news items tagged Euro

Euro (EUR) Rises as ECB Slashes Deposit Rate to Fresh Low Published: 12 Sep at 5 PM 2019
<h2>Pound Sterling (GBP) Falls as Draghi Warns Risk of a No-Deal has Increased</h2> Sterling remained under pressure against a handful of currencies on Thursday as the risk of a no-deal Brexit remained on traders’ minds. Following the European Central Bank (ECB) decision, President Mario Draghi stated the risk of the UK leaving the bloc without a deal had increased. Sterling edged lower as he noted that in ‘the case of a hard Brexit […] the probability of which has gone up over recent time.’ Meanwhile,...
Pound Sterling (GBP) Rises as July’s UK Growth Figure Beats Forecasts Published: 9 Sep at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) edged higher against many of its competitors today after July’s UK growth figure rose unexpectedly from 0% to 0.3%, further bolstering optimism in the UK economy as Brexit recession fears continue to recede. UK markets were also upbeat today with the anti-no-deal Brexit bill expected to gain royal assent later on today. As a result, we could see Sterling edge higher as a no-deal Brexit is effectively shelved once the bill passes into law. <h2>US Dollar...
Euro to US Dollar Exchange Rate Fluctuates in Anticipation of Jackson Hole Fed News Published: 22 Aug at 5 PM 2019
Despite some stronger than expected Eurozone data and weaker US data today, the Euro to US Dollar (EUR/USD) exchange rate has failed to advance or hold its ground. Investors are largely hesitant to make any big moves on the US Dollar ahead of tomorrow’s session, when many analysts expect big developments from the Federal Reserve at the Jackson Hole Symposium. After last week’s EUR/USD tumble from 1.1200 to 1.1093, the pair has slowly edged lower still this week but has largely been trending in a fairly narrow region. EUR/USD has...
Pound (GBP) Falls as No-Deal Brexit Fears Rise as Boris Johnson Heads to Europe Published: 21 Aug at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound fell against many of its peers today as Prime Minister Boris Johnson headed to Europe to renegotiate the Irish backstop with German Chancellor Angela Merkel and French President Emmanuel Macron. However, as both leaders are expected to reject the removal of the backstop, this has left many Sterling traders feeling jittery on the now increased likelihood of a no-deal Brexit on October 31. <h2>US Dollar (USD)</h2> The US Dollar has remained subdued today ahead of the...
US Dollar (USD) Sinks as Federal Reserve Hints at Possible Rate Cuts Published: 8 Aug at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell today following the publication of the RICS Housing Price Balance figures for July, which fell below forecast and sank to -9%. Meanwhile, no-deal Brexit fears rose as Prime Minister Boris Johnson’s main advisor, Dominic Cummings, is perceived as likely to push through Parliament to achieve Brexit on the October 31 – with or without a deal. As UK markets have been quite today, UK traders have become increasingly concerned over the deadlock between the UK and the EU,...
Pound (GBP) Under Pressure as BoE Slashes Economic Growth Forecasts Published: 1 Aug at 4 PM 2019
<h2>Pound Sterling (GBP) Under Pressure as BoE Leaves Rates Unchanged</h2> The Pound continued to slump on Thursday as data revealed that July’s Markit manufacturing PMI was left stuck at a six-and-a-half year low of 48. Meanwhile, the Bank of England (BoE) left rates unchanged. However, in its last economic forecasts before the UK is scheduled to leave the EU, the bank slashed its economic growth forecasts. Growth is now expected to reach 1.3% in both 2019 and 2020 if the UK avoids a disorderly exit. This is down...
US Dollar (USD) Weakens as Federal Reserve is Expected to Cut Interest Rates Published: 31 Jul at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) edged higher against many of its competitors today despite increased no-deal Brexit fears. Prime Minister Boris Johnson has taken a more confrontational approach on the Irish backstop, requesting that the EU remove it from the withdrawal agreement. Mr Johnson has increasingly stated the UK would leave the EU without a deal if the Irish backstop was not removed in future negotiations on the agreement, further heightening the likelihood of a no-deal on October 31....
GBP/USD Exchange Rate Falls Below $1.24 for the First Time in 27 Months Published: 16 Jul at 5 PM 2019
<h2>Pound Sterling (GBP) Slumps as UK Wages Rise at Fastest Rate Since 2008</h2> Sterling was left under pressure on Tuesday despite data revealing that UK unemployment remained at a multi-decade low of 3.8%. Added to this, UK wages rose at the fastest rate in almost 11 years. However, the Pound slumped as there were some signs that the labour market was beginning to weaken, as employment growth slowed to a disappointing 28,000 in May. Added to this, Brexit pessimism plagued Sterling as the Conservative Leadership...
Pound (GBP) Benefits from Brexit ‘Resilient’ Stance from the Bank of England Published: 11 Jul at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) rose against many of its competitors following the Bank of England’s (BoE) financial stability report today. The BoE emphasised its resilience in response to a possible chaotic, saying in its statement that it is ‘prepared for Brexit and trade war fall-out’. Mark Carney, the Governor of the BoE, also said that UK businesses were becoming increasing well-prepared for the Brexit scenario, further easing Brexit fears. This mood of resilience from the UK central bank...
Pound (GBP) Falls as UK Retail Sales Fall to Record Lows Published: 9 Jul at 4 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell following the publication of the annual BRC like-for-like retail sales figures for June, which fell to record lows from -3.0% to -1.6%. Helen Dickinson, the Chief Executive at BRC, said: ‘Overall, the picture is bleak. Rising real wages have failed to translate into higher spending as ongoing Brexit uncertainty led consumers to put off non-essential purchases.’ US-UK relations have also soured following a leak which indicated that the British ambassador to...

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