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Tue 11 Dec 2018 15:46GMT

Euro News

Latest 10 news items tagged Euro

Pound Sterling (GBP) Plummets as Theresa May Delays Crucial Brexit Vote Published: 10 Dec at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) was hit today by the news that British Prime Minister Theresa May has decided to delay Tuesday’s crucial vote on her Brexit withdrawal agreement. This has caused a further divide between the Government and Parliament over concerns that it shows an increasing lack of confidence in her proposed Brexit deal. Today also saw Sterling pummelled by a slew of disappointing data releases, beginning with the worse-than-expected decrease in manufacturing production figures for October, dropping by -0.1%...
Pound Sterling (GBP) Exchange Rates Firm after Freefall as Leadership Rumours Circle Following Cabinet Resignations Published: 16 Nov at 10 AM 2018
Pound Sterling (GBP) Exchange Rates Battered by Brexit Deal Chaos The Pound (GBP) had a tough time on Thursday as confidence in Sterling was shaken by the resignations of Cabinet ministers Dominic Raab and Esther McVey. After Theresa May presented her deal to Parliament yesterday morning, it emerged that a large number of rebel MPs (led by Jacob Rees-Mogg), were moving to trigger a vote of no-confidence in the PM. Expect to witness further fluctuations in the UK currency today as Brexit and the future leadership of the...
Speculation about Brexit Pushes Pound Sterling Exchange Rates Higher Published: 5 Nov at 5 PM 2018
Pound Sterling (GBP) For the most part, the Pound has been in high demand today. Gains have been seen against peers like the Euro and US Dollar, alongside the Australian Dollar, New Zealand Dollar and Canadian Dollar. This increased demand in Pound Sterling has been caused by the news that there could be a UK-wide EU customs deal in the works. Although Downing Street officials have denied the story, the idea that a deadlock-breaking agreement could be imminent has still inspired GBP traders and raised demand for the UK...
Pound Sterling Exchange Rate News: GBP Rises on EU Concession Hopes Published: 23 Oct at 4 PM 2018
Pound Sterling (GBP) After a lacklustre start, the Pound has picked up and risen against most of its currency peers today including the Euro and the US Dollar. This appreciation follows reports that the EU will offer the UK a nationwide customs union agreement; this supposed offering could lead to a long-awaited breakthrough in Brexit negotiations. Other UK news hasn’t been so supportive, with Confederation of British Industry (CBI) data showing falling business confidence and a drop-off in industrial orders. Looking ahead,...
Daily Currency Update: US Dollar Drop Boosts Pound Sterling and Euro Exchange Rates Published: 20 Sep at 5 PM 2018
Pound Sterling (GBP) The Pound has risen against almost all of its regular currency peers today, including the Euro and US Dollar. This mass-appreciation is recent, with the UK currency having been supported by a delayed reaction to the morning’s retail sales figures. These revealed falling but better-than-expected levels of sales growth during August, which raised optimism about UK economic resilience. Brexit talks haven’t been quite so supportive today, but the Pound’s appreciation shows that GBP traders are currently...
Daily Currency News: Pound Sterling Rises after US Dollar Drops on Inflation Upset Published: 13 Sep at 5 PM 2018
Pound Sterling (GBP) Pound Sterling has traded in a narrow range against the Euro and risen against the US Dollar today, following an uneventful Bank of England (BoE) meeting. BoE policymakers left interest rates at 0.75% and are not expected to raise them until 2019; the Pound has risen because a weak US Dollar has driven up Sterling demand. The Pound could rise further on Friday if Bank of England (BoE) Governor Mark Carney gives an optimistic economic outlook on Friday, although there is no guarantee of any mention of...
British Pound Gains versus Most Majors as Hopes Rise for Optimism in Brexit Negotiations Published: 7 Sep at 2 PM 2018
Pound Sterling (GBP) Acceleration in Brexit negotiations could be just what the Pound needs to mount a more solid recovery, as the British currency recovered some of its recent losses versus most majors thanks to the past week’s Brexit developments. EU Chief Negotiator Michel Barnier took an optimistic tone about the UK and EU’s future relationship on Friday, saying the EU was open to alternative backstop plans for the issue of the Irish border and indicating the EU would still rather avoid a ‘no-deal Brexit scenario too. This...
US Dollar Exchange Rates Rise on Hawkish Fed Minutes Published: 23 Aug at 10 AM 2018
Pound Sterling (GBP) The Pound has fluctuated in value today, making losses against the Euro and US Dollar but advancing against the Australian Dollar. This varied movement comes before the release of high-impact government impact papers, which will detail plans on coping with a no-deal Brexit outcome. Sterling’s decline before the documents come out suggests that GBP traders are either already worried about the quality of the plans, or fear that a no-deal Brexit is likely. Confederation of British Industry (CBI)...
Euro Exchange Rates Fall after Italian Budget Warning Published: 20 Aug at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) has risen against the Euro and the US Dollar today, thanks to a lull in Brexit-related warnings. A report from the Institute of Directors (IoD) has shown that business leaders are concerned about post-Brexit trade, but this hasn’t damaged demand for the Pound to the extent of the past two weeks’ warnings. Sterling could fall against the Euro and US Dollar on Tuesday, in the event that a forecast-matching slowdown in industrial orders damages GBP demand. Euro (EUR) Greece has...
Pound Exchange Rates Drop on Growing ‘No-Deal’ Brexit Fears Published: 7 Aug at 4 PM 2018
Pound Sterling (GBP) Pound Sterling has been in low demand today, falling by -0.3% against the Euro and trading tightly against the US Dollar. There has been little high-impact UK data out this week, so the Pound has instead been affected by growing concerns about the Brexit process. Suggestions that a no-deal Brexit is not only undesirable but likely have rattled GBP traders recently, causing steady losses against most currency peers. The current week could end on a positive note for GBP traders, if Friday’s GDP growth...

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