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Mon 28 Sep 2020 21:33GMT

Germany News

Latest 10 news items tagged Germany

US Dollar (USD) Subdued Ahead of Federal Reserve Interest Rate Decision Published: 16 Sep at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) rose against its peers today after the later UK Consumer Price Index for August fell from 1.8% to 0.9%, buoying confidence in the British economy as it shows a steady return of activity. Neil Birrell, the chief investment officer at Primier Miton, said of the report: ‘The inflation data in the UK surprised on the upside. The core year-on-year CPI was up 0.9% against expectations of 0.5%. Rising inflation has been much discussed as the inevitable consequence of all the stimulus...
Pound (GBP) Struggles as Hard Brexit Fears Grow as Controversial Bill Secures Majority Vote Published: 15 Sep at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound’s (GBP) gains were short-lived today as mounting opposition to the controversial Brexit Internal Market Bill failed to convince UK Markets. As a result, Sterling has suffered a setback from concerns over the increasing likelihood of a no-deal Brexit on December 31st. In UK economic news, today also saw the UK ILO Unemployment Rate for July confirm forecasts and rise from 3.9% to 4.1%, igniting concerns over increasing levels of joblessness in the UK. Darren Morgan, director of economic...
No-Deal Brexit Fears Lead to Pound Plummet, Risk-Off Movement Published: 8 Sep at 5 PM 2020
Pound Sterling (GBP) The Pound continued to plummet across the board today, registering significant losses against major rivals. No-deal Brexit fears intensified, and signs of discord in the UK government only further weighed on the Pound’s appeal. Brexit developments will remain the focus for the Pound in the coming sessions. Positive developments in UK-EU negotiations would be a surprise, but could also lead to a big rebound in the Pound. Euro (EUR) The Euro saw slightly stronger demand today. The shared currency was able to...
US Dollar Rebound Continues to Drive Forex Markets amid Mixed Economic Data Published: 3 Sep at 3 PM 2020
Pound Sterling (GBP) The Pound’s rally attempts have been dulled in recent sessions. Some investors are selling Sterling versus a rebounding US Dollar, but the latest UK services data falling short of projections only put further pressure on the British currency. Tomorrow’s UK data includes new car sales and construction stats. These figures are unlikely to be particularly influential, so the Pound will be driven more by global coronavirus and currency market shifts. Euro (EUR) Highly mixed Eurozone data today had little...
Pound (GBP) Sinks as Concerns Grow Over British Economy Published: 19 Aug at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) struggled against its peers today despite UK CPI data for July beating forecasts and rising from 0.6% to 1%. However, with the figure well below the Bank of England’s (BoE) target of 2%, this failed to buoy confidence in Sterling. GBP also failed to benefit from Downing Street’s assurances that it was seeking for a post-Brexit trade deal with the European Union as early as next month. Nevertheless, this failed to convince markets, with fears growing over the shaky relations between...
Pound (GBP) Rises, BoE States British Economy Better-Than-Expected Despite Covid-19 Published: 6 Aug at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) rose today after the Bank of England (BoE) held its interest rate at 0.1%. However, the BoE also stated that Britain had fared better-than-expected from the Covid-19 crisis. In other UK economic news, today saw the release of the UK construction PMI for July, which beat forecasts and rose from 55.3 to 58.1. As a result, GBP investors have become more optimistic that the construction sector could be on the road to recovery. <h3>Euro (EUR)</h3> The Euro (EUR) benefited...
New Zealand Dollar (NZD) Struggles on Fears of Another RBNZ Rate Cut Published: 13 Jul at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) struggled today after the Institute of Directors (IoD) reported that UK high street footfall had significantly decreased in June. As a result, GBP investors have become increasingly concerned over Britain’s economic recovery. Meanwhile, Sterling traders have also become worried over the apparent lack of progress in UK-EU trade talks. Furthermore, several reports have warned that many British businesses are unprepared for a full Brexit on 31st December. However, today saw the Bank...
Canadian Dollar (CAD) Benefits as BoC Effectively Rules Out Negative Interest Rates Published: 22 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) edged higher against many of its peers today after it was reported that Prime Minister Boris Johnson would more-than-likely ease social distancing guidelines on Tuesday. As a result, Sterling has benefited from growing hopes for its economy, with relaxed guidelines likely to improve the economy’s performance in the months ahead. However, today saw the UK’s factory orders fall to record lows, which has left some GBP investors increasingly jittery about the nation’s industrial...
Pound (GBP) Struggles as UK Inflation Drops to Four-Year Lows Published: 17 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) suffered today after the UK’s inflation figures fell to a four-year low of 0.5% today. As a result, this left many Sterling traders concerned for the British economy’s ability to recover in the month’s ahead. Meanwhile, doubts have begun to grow over Brexit after German government documents, dated mid-June, revealed that there had been warnings to the European Union to prepare for a UK-EU no-deal Brexit. However, the document also stated: ‘The situation is less serious...
US Dollar (USD) Rises as US Employment Data Improves in May Published: 5 Jun at 5 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) suffered today following Thursday evening’s release of the UK GfK Consumer Confidence report, which fell to 10-year lows at -36. Joe Staton, GfK's client strategy director, commented on the report: ‘Against a backdrop of falling house prices, soaring jobless claims, and with no sign of a rapid V-shaped bounce-back on the cards, consumers remain pessimistic about the state of their finances and the wider economic picture for the year to come.’ Today also saw the release of...

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