SendMoney.org.uk

Compare exchange rates, send money abroad and online

Tue 25 Jun 2019 18:46GMT

Eurozone News

Latest 10 news items tagged Eurozone

US Dollar (USD) Under Pressure Ahead of Trump-Xi Meeting Published: 24 Jun at 5 PM 2019
<h2>Pound (GBP) Falls as UK Could see Slowest Consumer Spending Growth in Six Years</h2> The Pound Sterling (GBP) slumped against a handful of currencies as the UK currency remained gripped by fears the country would crash out of the European Union on 31 October without a deal. Meanwhile, the EY ITEM Club also revealed that the UK will see the slowest growth in consumer spending in six years. Looking ahead to Tuesday, due to a lack of economic data releases it is likely Sterling will remain under pressure as the...
BoE’s Dovish Shift Weighs on Sterling (GBP) Published: 20 Jun at 4 PM 2019
<h2>Pound (GBP) Falls as BoE Leaves Interest Rates Unchanged</h2> On Thursday afternoon, the Pound slumped against a handful of currencies following the release of the Bank of England’s (BoE) interest rate decision. The bank left interest rates unchanged at 0.75%. However, the bank’s meeting minutes dampened sentiment in Sterling as it suggested the BoE has growing concerns the UK will crash out of the EU without a deal. Thomas Pugh of Capital Economics wrote: ‘Clearly the weaker economic news has played...
Pound (GBP) Rises as Boris Johnson Receives Majority Confidence in Tory Vote Published: 13 Jun at 4 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound rose today after Tory MPs voted on their future leader, with Boris Johnson, the former Foreign Secretary and hard-Brexiter, securing the majority of 114 votes. This has caused some relief for Sterling investors as the political deadlock has eventually shifted, although with Boris Johnson’s staunch stance on Brexit, this is unlikely to last. Today also saw the publication of the RICS housing price balance figures for May, which came in at a better-than-expected -10 – instead...
Sterling (GBP) Slides on Disappointing GDP Published: 10 Jun at 5 PM 2019
<h2> Pound (GBP) Slumps as UK Manufacturing Output Falls to 17-Year Low</h2> The Pound (GBP) slumped on Monday after data revealed the UK economy shrank by -0.4% in April, and in the three months to April, GDP rose by 0.3%. Added to this data showed that the UK’s car manufacturing sector fell by 24% thanks to Brexit car factory shutdowns, which dragged overall manufacturing output down to a 17-year low. Meanwhile, think tank, NIESR warned that the UK economy could shrink by -0.2% in the second quarter of 2019 which...
Euro (EUR) Remains Steady as ECB Holds Interest Rate at 0% Published: 6 Jun at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound remained steady against many of its competitors today on a lack of UK economic data, while Mark Carney, the Chair of the Bank of England, failed to make any comments on monetary policy, relieving some Sterling traders as expectations were that he would take a dovish tone. Michael Gove, the Environment Secretary, commented that the Brexit leaving date on the 31 October was only an arbitrary date, and this could change depending on whether Parliament can secure a deal or not with the...
Australian Dollar (AUD) Muted as RBA Slashes Rates to Record Low Published: 4 Jun at 4 PM 2019
<h2>Pound Sterling (GBP) Flat on Disappointing Economic Data and Brexit Anxieties</h> The Pound (GBP) remained subdued on Tuesday following a disappointing UK construction PMI which saw the index slump to a 13 month low. The Markit construction PMI survey revealed that clients held back on major spending decisions due to Brexit uncertainty and concerns about the economic outlook. Meanwhile, Sterling fell to a 20-week low against the Euro as weak data and growing fears of a no-deal Brexit weighed on the UK currency....
Canadian Dollar (CAD) Benefits from BoC’s ‘Temporary’ Comment on Economic Slowdown Published: 30 May at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound failed to gain against many of its competitors today, despite the Chancellor Philip Hammond saying that a second referendum would effectively break the political deadlock over Brexit. However, with uncertainty surrounding both Brexit and the future leadership of the Conservative Party, Sterling has remained unattractive to many investors as the UK remains in political limbo. <h2>US Dollar (USD)</h2> The US Dollar benefited from today’s release of the US...
Australian Dollar (AUD) Plummets on Dovish RBA Threat to Cut Interest Rates Published: 21 May at 1 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound fell against many of its major competitors today as Brexit uncertainty continues to haunt UK markets. This came after the Chancellor Philip Hammond warned that there are many Brexiteer MPs pushing to ‘hijack’ the referendum and push for a no-deal between the UK and the European Union. Hammond said: <blockquote>‘On the populist Right, there are those who claim the only outcome that counts as a truly legitimate Brexit is to leave with no deal. [T]o advocate for no...
Pound (GBP) Slips despite UK Unemployment Falling to Fresh 44-Year Low Published: 14 May at 2 PM 2019
<h2>Pound Sterling (GBP) Slips as UK Unemployment Hits 44-Year Low</h2> The Pound (GBP) edged lower against most major currency pairings following the release of the UK unemployment rate. Data revealed that UK unemployment had hit a 44-year low of 3.8% in March, and the rate of unemployment for women had hit an all-time low of 3.7%. However, further data showed that workers’ pay did not rise as quickly as previously in the first three months of 2019. <h2>Pound Euro (GBP/EUR) Exchange Rate Flat as German...
Pound Sterling (GBP) Flat as Cross-Party Brexit Discussions Close to Collapse Published: 9 May at 4 PM 2019
<h2>Pound Sterling (GBP) Flat as Cross-Party Talks Close to Collapse</h2> The Pound (GBP) remained muted against most major currencies as reports suggested that cross-party Brexit talks were close to collapse. It was suggested by ITV’s Political Editor, Robert Peston that before the Labour party launched its EU election manifesto they would announce that Brexit talks are ‘dead’. However, Labour leader Jeremy Corbyn stated that the party was having difficulties negotiating with a ‘disintegrating government’...

Live Exchange Rates