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Fri 10 Jul 2020 03:26GMT

France News

Latest 10 news items tagged France

US Dollar (USD) Rises on Safe-Haven Demand as Global Trade Tensions Flare-Up Published: 14 May at 5 PM 2020
<h3>Pound (GBP)</h3> 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. <h3>Euro (EUR)</h3> The Euro (EUR) has continued to...
Euro (EUR) Rises as Eurozone Nations Cautious Reopen Published: 15 Apr at 5 PM 2020
<h3>Pound (GBP)</h3> 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
<h3>Pound (GBP)</h3> 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...
‘Kiwi’ and ‘Aussie’ Rise as Covid-19 Infection Rate Appears to Slow Published: 17 Feb at 4 PM 2020
<h2>Pound Sterling (GBP) Slides as UK and EU Will ‘Rip Each Other Apart’</h2> On Monday, Prime Minister Boris Johnson’s spokesman said that the UK does not need any special arrangements in its future relationship with the EU. The spokesman also added that the UK wanted a relationship based on friendly cooperation and that it is ready to begin trade negotiations. However, this did little to support Sterling at the end of the week. The Pound remained under pressure after France’s Foreign Minister, Jean-Yves Le...
Sterling Jumps Again as Markets Focus on Central Bank Speculations and Developments Published: 22 Jan at 1 PM 2020
Pound Sterling (GBP) Following the Pound’s rebound on stronger than expected UK job stats yesterday, the Pound continued to advance today. Bank of England (BoE) interest rate cut speculation continued to soften as the day’s UK data from the Confederation of British Industry (CBI) also beat forecasts. No notable UK data will be published tomorrow. Instead, the Pound’s movement may become steady as investors eagerly await Friday’s UK PMI projections from Markit. Euro (EUR) Anticipation for tomorrow’s European Central...
US Dollar (USD) Suffers as Safe-Haven Demand Dwindles Published: 2 Dec at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell against many of its competitors today after the UK Markit manufacturing PMI fell for its seventh month in a row, leaving Sterling investors feeling increasingly jittery over the health of the British economy. UK political developments also remained in focus, with markets becoming increasingly concerned over the prospects of a hung parliament on the 12th December general election. <h2>US Dollar (USD)</h2> The US Dollar (USD) was compromised by increasing...
Stronger Eurozone Inflation Fails to Boost Euro Amid Focus on Politics and Global Trade Published: 29 Nov at 4 PM 2019
Pound Sterling (GBP) The Pound’s movement steadied towards the end of the week. While markets bet the Conservative Party will win next month’s UK General Election, these bets have been largely priced into the Pound and as a result further gains for the currency are limited. Britain’s final November manufacturing PMI will be published on Monday. However, with less than two weeks until the election, Pound movement is likely to become increasingly focused on UK election polling in the coming weeks. Euro (EUR) Many of...

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