Latest 10 news items tagged France
Pound (GBP) Falls as UK Faces Critical Week of Brexit Talks
Published: 16 Nov at 5 PM 2020
<h3>Pound (GBP) </h3>
The Pound (GBP) suffered today as the UK enters a crucial week in which UK-EU trade talks are expected to intensify.
Nevertheless, with Prime Minister Boris Johnson both in self-isolation and maintaining a hard-line position on Brexit, GBP investors are remaining cautious.
Ireland’s Foreign Minister, Simon Coveney, was also pessimistic about a post-Brexit trade agreement between the two sides, saying:
‘I think the British government understand only too well what is required for a deal this...
Positive Covid-19 Vaccine News Boosts Australian and New Zealand Dollar
Published: 9 Nov at 5 PM 2020
<h3>Pound (GBP) </h3>
The Pound (GBP) rose today on renewed hopes of a post-Brexit trade deal following the weekend’s tumultuous uncertainty over US political elections.
Following Democrat Joe Biden’s substantial lead on US President Donald Trump, GBP investors are now more hopeful that this could place extra pressure on UK-EU trade talks, resulting in a trade agreement.
Ireland’s Minister of Foreign Affairs, Simon Coveney, said:
‘I think this will be a cause for ’pause for thought’ in No 10 to ensure...
Global Markets Gripped by US 2020 Presidential Election Uncertainty
Published: 5 Nov at 4 PM 2020
Pound Sterling (GBP)
While market sentiment improved slightly today, the Pound’s rebound attempt has been limited. The Bank of England (BoE) announced fresh quantitative easing (QE) and notable downgrades to its UK forecasts, amid fears that the coronavirus pandemic will mean a rough Q4 for Britain’s economy.
All of this week’s notable UK news has passed. As a result, the Pound’s focus will remain on developments in the 2020 US Presidential Election through the end of the week.
The Euro has...
Euro (EUR) Steadies as the ECB Holds its Interest Rates at 0%
Published: 16 Jul at 5 PM 2020
The Pound (GBP) struggled today after UK unemployment remained high with over 640,000 people losing their jobs since the onset of the coronavirus pandemic.
As a result, investors have become increasingly concerned that Britain’s economic recovery could be much slower than previously expected.
Frances O’Grady, the general secretary of the TUC, was downbeat in his analysis, saying:
‘There’s a national disaster unfolding, with vacancies at an all-time low and more jobs lost every day....
US Dollar (USD) Rises on Safe-Haven Demand as Global Trade Tensions Flare-Up
Published: 14 May at 5 PM 2020
The Pound (GBP) remained subdued today as the UK’s economic outlook continues to dim as the coronavirus pandemic continues to hold back key sectors of the British economy.
Today also saw news from the ONS that nearly half of UK firms could run out of money within the next six months. As a result, this sparked off further fears for the British economy as lockdown measures hold back many businesses from running at optimum capacity.
The Euro (EUR) has continued to...
Euro (EUR) Rises as Eurozone Nations Cautious Reopen
Published: 15 Apr at 5 PM 2020
The Pound (GBP) put in a mixed performance today, with GBP rising against many of the risk-correlated currencies on hopes that the Government could conceded over pressures from Labour leader Keir Starmer to release plans to ease the lockdown, while it struggle against the Euro and the US Dollar.
Sterling remains under pressure from growing concerns for the UK economy after the OBR suggested that the UK GDP could fall by -35% in the second quarter.
Chancellor Rishi Sunak also said that he was...
Euro (EUR) Sinks as Eurozone PMIs Contract
Published: 24 Mar at 5 PM 2020
The Pound to Euro (GBP/EUR) exchange rate rose by over 1% today, with the pairing currently trading around €1.08.
The Euro (EUR) suffered today after the publication of the flash Eurozone Composite PMI for March, which showed a significant decrease into contraction territory from 51.6 to 31.4.
Chris Williamson, the chief business economist at IHS Markit, commented on the report:
‘Business activity across the eurozone collapsed in March to an extent far exceeding that seen even at the height of the global financial crisis....
Euro (EUR) Sinks as German Economy on ‘Red Alert’
Published: 17 Mar at 6 PM 2020
The Pound (GBP) remained subdued against its peers today as UK economic recession fears grow amid the ongoing global coronavirus pandemic.
Today also saw the release of January’s UK ILO Unemployment Rate rise to a worse-than-expected 3.9%. However, as this was before the major Covid-19 pandemic, Sterling traders are feeling increasingly pessimistic that unemployment could spike in the coming months.
Capital Economists Chief Paul Dales commented:
‘With the peak of the virus yet to come, it is...
Canadian Dollar (CAD) Sinks as the Bank of Canada Slashes Interest Rates
Published: 4 Mar at 5 PM 2020
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) struggled against many of its peers today after the UK Markit Services PMI for February undercut forecasts and eased from 53.3 to 53.2.
The GBP exchange rate has also become beset by rising odds of a rate cut from the Bank of England (BoE), with the coronavirus outbreak threatening to weaken the British economy in the near-term.
<h2>US Dollar (USD)</h2>
The US Dollar (USD) recovered some of its losses today after February’s ISM Non-Manufacturing PMI beat...
Pound (GBP) Sinks on No-Deal Brexit Fears
Published: 27 Feb at 3 PM 2020
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) plummeted against many of its peers today after Downing Street announced that it could walk away from UK-EU trade talks as early as June.
As a result, Sterling has suffered from investors fearing a no-deal scenario between the UK and the EU by the end of the transition period, which terminates in late December this year.
Frances O’Grady, the TUC General Secretary, commented: ‘A good deal with the EU should be this government’s priority. But instead Boris Johnson is...