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Tue 19 Jan 2021 10:41GMT

Germany News

Latest 10 news items tagged Germany

Pound (GBP) Rises After the Bank of England Eased Negative Interest Rate Fears Published: 12 Jan at 5 PM 2021
<h2>Pound (GBP) </h2> The Pound (GBP) rose today after the Bank of England (BoE) Governor, Andrew Bailey, quelled speculation of negative interest rates by saying there would be ‘a lot of issues with it’. Andrew Bailey commented: ‘In simple economics and maths terms, there is nothing to stop it at all. However, there are a lot of issues with it.’ Meanwhile, today saw the release of the latest BRC retail sales report, which revealed that 2020 had been the worst for the sector in 25-years. However, GBP...
Investors Hesitant to Make Big Moves as Markets Digest Day of US Political Chaos Published: 7 Jan at 4 PM 2021
Pound Sterling (GBP) Sterling attempted recovery against many major currencies today. As markets digested Britain’s coronavirus situation, investors were willing to buy the British currency back from its cheapest levels despite disappointing UK PMIs. Amid a lack of notable UK data due in the coming sessions, Pound movement is likely to be driven more by domestic coronavirus developments in the coming sessions. Euro (EUR) The Euro continues to be largely driven by movement in rival currencies like the Pound and US...
Pound (GBP) Steadies as Hopes Grow Over Brexit Deal Published: 15 Dec at 4 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) stabilised today as Brexit uncertainty has been tempered by the EU’s Chief Negotiator, Michel Barnier, who said that a Brexit deal could occur in just a matter of days. This follows a significant concession from Prime Minister Boris Johnson on several key clauses which had previously impeded progress in UK-EU- talks. As a result, GBP investors are now more hopeful that the two sides could compromise and agree on a post-Brexit trade agreement. In UK economic data, today saw the...
Pound (GBP) Rises on Renewed Brexit Optimism in Critical Week Published: 3 Dec at 5 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) rose today on a mixture of positive news about easing Covid-19 infections, according to the NHS Track-and-Trace app and encouraging news about a UK-EU post-Brexit trade deal being on the horizon. Ireland’s Foreign Minister, Simon Coveney, said that a UK-EU trade deal could emerge in a matter of just days. As a result, UK markets are becoming more optimistic about Britain’s economic recovery going forward. <h3>Euro (EUR) </h3> The Euro (EUR) has benefited from...
Pound (GBP) Struggles as Doubts Continue to Grow Over Brexit Published: 30 Nov at 4 PM 2020
<h3>Pound (GBP) </h3> The Pound (GBP) struggled today as UK-EU trade talks are set to continue amidst rising concerns that the two sides could fail to come to a consensus on a post-Brexit trade agreement. Last week saw the EU’s Chief Negotiator, Michel Barnier, express doubts over whether the two sides could secure a trade deal by the end of the year. As a result, demand for Sterling has begun to slip as the UK faces high levels of economic uncertainty, with Brexit and Covid-19 threatening to severely weaken the...
Currencies Jittery as Markets Become More Anxious about Brexit and Coronavirus Outlooks Published: 26 Nov at 4 PM 2020
Pound Sterling (GBP) The Pound slipped back from its best levels today, as markets once again grew anxious about the fate of the Brexit process. UK and EU officials have shown mixed signals on how negotiations are going, which is causing no-deal Brexit fears to flare up again. No notable UK data will be published tomorrow. This will leave Pound investors awaiting developments on UK-EU Brexit negotiations and Britain’s coronavirus situation. Euro (EUR) Demand for the Euro was mixed today. The shared currency was...
Markets More Bullish after Trump Administration Gives Green Light to Presidential Transition Published: 24 Nov at 5 PM 2020
Pound Sterling (GBP) The Pound was initially resilient today, as hopes for a UK-EU Brexit deal to be reached soon persist. However, market relief over US politics ultimately left the Pound sliding against currencies that benefit from US Dollar weakness. Sterling’s movement remains focused on Brexit developments and Britain’s coronavirus situation. Unless there are surprises in these issues, the Pound could remain relatively resilient instead for the time being. Euro (EUR) Today’s German growth and...
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. Euro (EUR) The Euro has...

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