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Fri 22 Nov 2019 09:58GMT

Germany News

Latest 10 news items tagged Germany

Sterling (GBP) Jumps as UK Avoids Recession Published: 11 Nov at 5 PM 2019
<h2>Pound Sterling (GBP) Rises as UK Escapes Recession</h2> The Pound (GBP) rose against a handful of currencies on Monday as data revealed the UK had escaped falling into recession during the third quarter of 2019. Sterling rallied despite the data showing the country saw the weakest annual growth since 2010 when the UK clawed its way out of recession. Meanwhile, GBP received further support after Brexit Party leader Nigel Farage said his party would not contest the 317 seats the Conservatives won in 2017 which caused...
Sterling (GBP) Under Pressure Ahead of BoE Meeting Published: 5 Nov at 4 PM 2019
<h2>Pound Sterling (GBP) Under Pressure as UK Service Sector Stagnates</h2> The Pound (GBP) was left under pressure on Tuesday after data revealed the UK services sector was left flat in October as new business fell for the second month in a row. Brexit uncertainty dented the sector, with the latest figure below trend, and was left at around the lowest level in ten-and-a-half years. Looking ahead, it is likely Sterling will remain under pressure ahead of Thursday’s Bank of England (BoE) monetary policy meeting....
Sterling Sturdy despite Expected Month of Election Uncertainty Published: 1 Nov at 3 PM 2019
Pound Sterling (GBP) Despite concerns about an expected month of UK political uncertainty ahead of a December election, the Pound saw fairly solid demand over the past week. Investors are hoping that the ruling Conservative Party will perform well enough to pass its relatively soft Brexit plans. Britain’s October construction PMI will be published on Monday, but Tuesday’s services data and Thursday’s Bank of England (BoE) policy decision are more likely to be influential. Euro (EUR) Yesterday’s Eurozone data continued a...
Forex Markets Eagerly Awaiting Saturday’s Brexit Showdown for British Pound Outlook Published: 18 Oct at 3 PM 2019
Pound Sterling (GBP) The Pound’s movement remained volatile until the end of the week. While relief over a new UK-EU Brexit deal helped the Pound to sustain gains throughout the week overall, uncertainty persists over whether the deal will actually be able to make it through UK Parliament. Parliament will hold its anticipated vote on the Brexit plan on Saturday, and markets will react to the outcome when markets open on Monday. If the plan is blocked as analysts predict, the Pound could slide as no-deal Brexit concerns will rise...
Sterling (GBP) Jumps as PM and Varadkar See ‘Pathway’ to Brexit Deal Published: 10 Oct at 5 PM 2019
<h2>Pound Sterling (GBP) Edges Higher as PM and Varadkar ‘See a Pathway to a Possible Deal’</h2> Sterling (GBP) was left under pressure on Thursday as data revealed that while UK GDP slumped -0.1% in August, in the three months to August the economy expanded by a better-than-expected 0.3%. Meanwhile, GBP slipped ahead of Brexit discussions between Prime Minister Boris Johnson and his Irish counterpart, Leo Varadkar. However, in the afternoon the Pound rose after the two leaders issued a statement that noted while...
British Pound Plummets Versus Majors as UK-EU Brexit Talks May Collapse Published: 8 Oct at 3 PM 2019
Pound Sterling (GBP) The Pound plummeted across the board today, as the latest Brexit developments worsened concerns that a Brexit deal was seen as increasingly unlikely. UK-EU Brexit negotiations appeared close to breaking down following a talk between UK Prime Minister Boris Johnson and German Chancellor Angela Merkel. UK officials indicated that they may give up on negotiations and push ahead with no-deal Brexit planning. No notable UK data will be published tomorrow, leaving Pound investors to react to developments in Brexit...
Brexit Uncertainty and Construction Downturn Sends Sterling (GBP) Lower Published: 2 Oct at 11 AM 2019
<h2>Pound Sterling (GBP) Falls as Brexit Uncertainty Plagues Construction Sector</h2> On Wednesday, Sterling was left under pressure as data revealed the UK construction slump worsened as Brexit uncertainty plagued the sector. The PMI plummeted further into contraction, with September’s reading the second worse since the financial crisis. Added to this, Brexit continued to keep the Pound under pressure ahead of the release of details of the Prime Minister’s ‘final’ offer to the EU. Meanwhile, looking ahead...
Sterling (GBP) Extends Losses as UK Yet to Propose ‘Legal and Operational’ Brexit Proposals Published: 26 Sep at 12 PM 2019
<h2>Pound Sterling (GBP) Extends Losses as Investors Wait for Parliament’s Next Moves</h2> Sterling (GBP) continued to extend its losses on Thursday as investors waited for parliament to announce its plans to break the current Brexit impasse. This comes after the Supreme Court ruled Prime Minister Boris Johnson’s five-week suspension unlawful. Brexit pessimism left the Pound under pressure and EU Brexit negotiator, Michel Barnier revealed that Britain had yet to provide ‘legal and operational’ proposals for a...
Pound Sterling (GBP) Rises as July’s UK Growth Figure Beats Forecasts Published: 9 Sep at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) edged higher against many of its competitors today after July’s UK growth figure rose unexpectedly from 0% to 0.3%, further bolstering optimism in the UK economy as Brexit recession fears continue to recede. UK markets were also upbeat today with the anti-no-deal Brexit bill expected to gain royal assent later on today. As a result, we could see Sterling edge higher as a no-deal Brexit is effectively shelved once the bill passes into law. <h2>US Dollar...
Euro to US Dollar Exchange Rate Fluctuates in Anticipation of Jackson Hole Fed News Published: 22 Aug at 5 PM 2019
Despite some stronger than expected Eurozone data and weaker US data today, the Euro to US Dollar (EUR/USD) exchange rate has failed to advance or hold its ground. Investors are largely hesitant to make any big moves on the US Dollar ahead of tomorrow’s session, when many analysts expect big developments from the Federal Reserve at the Jackson Hole Symposium. After last week’s EUR/USD tumble from 1.1200 to 1.1093, the pair has slowly edged lower still this week but has largely been trending in a fairly narrow region. EUR/USD has...

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