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Fri 22 Mar 2019 12:03GMT

Germany News

Latest 10 news items tagged Germany

Pound Sterling (GBP) Volatile Ahead of Article 50 Extension Vote Published: 14 Mar at 5 PM 2019
<h2>Pound (GBP) Volatile as MPs Vote against No-Deal Brexit</h2> Early this morning, the Pound (GBP) rose against the majority of major currency pairings as the risk of a no-deal Brexit was deemed to have greatly decreased. Last night, the House of Commons voted to reject a no-deal Brexit under any circumstances. This meant the government’s original motion that stated the UK should not leave the European Union without a deal on 29 March had to be changed at the last minute. In the second vote, MPs reinforced...
Pound Sterling (GBP) Investors Brace for ?Meaningful Vote? on Brexit Published: 11 Mar at 4 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) gained today after Prime Minister Theresa May announced that the ‘meaningful vote’ will go ahead tomorrow, dispelling rumours that there could have been a delay to the vote due to a political stalemate between the UK and the EU over the Irish backstop. Sterling has also benefited from Theresa May engaging with the President of the European Commission, Jean-Claude Juncker, in which she will meet in Strasbourg this evening to finalise an agreement that may benefit her...
British Pound to Euro Exchange Rate Remains Near Weekly Worst Despite Eurozone Growth Concerns Published: 31 Jan at 4 PM 2019
A slew of underwhelming Eurozone ecostats published on Thursday did little to make the Euro less appealing, as the British Pound to Euro (GBP/EUR) exchange rate failed to sustain a notable recovery of this week’s losses so far. The Pound remained broadly unappealing due to revived fears that Britain could be headed towards a No-deal Brexit. This week so far, a combination of Brexit fear and US Dollar (USD) weakness has made it easier for the Euro to push the Pound lower. GBP/EUR opened the week at the level of 1.1577 on Monday and...
US Dollar (USD) Investors Await Federal Reserve Interest Rate Decision Published: 30 Jan at 3 PM 2019
Pound Sterling (GBP) The Pound (GBP) failed to make any significant gains today despite recovering from the sudden drop after last night’s passing of the ‘Brady’ Brexit amendment, which was favoured by the Conservative government and Prime Minister Theresa May for its addressing of the controversial Irish backstop issue. Today also saw the Pound take a hit from poor UK mortgage approvals figures for December, which to 63.793K, although this result was better-than-expected. Sterling investors, however, are remaining...
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...

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