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Tue 22 Jan 2019 16:20GMT

Germany News

Latest 10 news items tagged Germany

Pound Sterling (GBP) Investors Await May’s No-Confidence Vote Outcome Published: 16 Jan at 4 PM 2019
Pound Sterling (GBP) The Pound (GBP) remained steady today despite Prime Minister Theresa May’s crushing defeat over her Brexit deal last night, which was rejected by 230 votes – the largest government defeat in modern history. This was followed by the Labour leader, Jeremy Corbyn, immediately tabling a motion of no confidence in Theresa May, which will be put to the vote this evening. However, most Pound traders are remaining generally optimistic that May will survive, which will in turn reduce the likelihood of a general...
Canadian Dollar (CAD) Investors Await BoC’s Interest Rate Decision Published: 8 Jan at 3 PM 2019
Pound Sterling (GBP) Today saw the release of the UK’s Halifax house price figures which showed a better-than-expected increase, although this left the Pound relatively unmoved as investors have remained generally skittish over mounting Brexit uncertainty. The Pound has failed to recover after yesterday’s news that over 200 MPs – a combination of both Leavers and Remainers – had signed a letter urging Prime Minister Theresa May to prevent a ‘no-deal’ Brexit situation. This further dampened investors’ confidence in...
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%...
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...
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...
Pound Sterling Exchange Rate Volatility Seen ahead of BoE Interest Rate Decision Published: 30 Jul at 5 PM 2018
Pound Sterling (GBP) The Pound has advanced against the US Dollar and a number of other peers today, but has conversely fallen against the stronger Euro. This mixed performance comes as GBP traders consider the odds of a Bank of England (BoE) interest rate hike when policymakers meet on Thursday. Some economists put the odds of a rate hike this week above 90%, which is part of the reason that the Pound has been in such high demand in certain pairings. Before the late-week BoE meeting, the Pound could slip back in value when...
British Pound Bullishness Fades on Signs of Brexit's Impact on UK Jobs Published: 5 Jul at 5 PM 2018
Pound Sterling (GBP) On Thursday, the Pound briefly saw stronger demand as investors reacted to a speech from Bank of England (BoE) Governor Mark Carney. Carney appeared optimistic about Britain’s economic outlook due to recent stats and this bolstered market confidence that the bank could be on track to hike UK interest rates in August. However, Brexit jitters weighed on Sterling and caused the Pound to fall later in the day. News that JPMorgan was planning to move some jobs out of London onto continental Europe within in the next...
Pound Sterling Struggles as New BoE Official Reveals Dovish Rate Hike Outlook Published: 26 Jun at 5 PM 2018
Pound Sterling (GBP) The Pound has fallen by -0.3% against the US Dollar today, in addition to trading tightly against the Euro. This disappointing performance has been caused by remarks from Bank of England (BoE) policymaker Jonathan Haskel, who will be starting work in September this year. Mr Haskel will be replacing hawkish policymaker Ian McCafferty but has been more dovish in his outlook, meaning that there may be few interest rate hikes over the coming years. Despite Mr Haskel’s approach to interest rates, Pound...
British Pound Weakened by Brexit Jitters as Euro Surges on European Central Bank Speculation Published: 7 Jun at 4 PM 2018
Pound Sterling (GBP) This week has seen the Pound put in a mixed performance against major rivals. While it was supported against some other currencies due to solid UK services data, Brexit jitters have been enough to drag it lower against others. On Thursday, fresh Brexit uncertainties left the Pound unappealing, preventing it from gaining even against its weaker rivals. Investors became concerned that divisions over how to handle the issue of the Irish border had worsened UK government fissures between soft Brexit and hard Brexit...
British Pound Rebounds from Lows as UK Retail Impresses While Fed Dovishness Weighs on US Dollar Published: 24 May at 4 PM 2018
Pound Sterling (GBP) Following another disappointing UK inflation report earlier in the week, Bank of England (BoE) interest rate hike bets tumbled and so did the Pound. With Britain’s economic outlook increasingly gloomy and Brexit uncertainties persisting, investors have had little reason to buy the British currency. Demand for the Pound improved a little towards the end of the week though, as Britain’s April retail sales results surprised by coming in well above expectations in all major prints. The monthly figure surged from...

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