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Tue 25 Jun 2019 18:33GMT

Germany News

Latest 10 news items tagged Germany

US Dollar (USD) Under Pressure Ahead of Trump-Xi Meeting Published: 24 Jun at 5 PM 2019
<h2>Pound (GBP) Falls as UK Could see Slowest Consumer Spending Growth in Six Years</h2> The Pound Sterling (GBP) slumped against a handful of currencies as the UK currency remained gripped by fears the country would crash out of the European Union on 31 October without a deal. Meanwhile, the EY ITEM Club also revealed that the UK will see the slowest growth in consumer spending in six years. Looking ahead to Tuesday, due to a lack of economic data releases it is likely Sterling will remain under pressure as the...
BoE’s Dovish Shift Weighs on Sterling (GBP) Published: 20 Jun at 4 PM 2019
<h2>Pound (GBP) Falls as BoE Leaves Interest Rates Unchanged</h2> On Thursday afternoon, the Pound slumped against a handful of currencies following the release of the Bank of England’s (BoE) interest rate decision. The bank left interest rates unchanged at 0.75%. However, the bank’s meeting minutes dampened sentiment in Sterling as it suggested the BoE has growing concerns the UK will crash out of the EU without a deal. Thomas Pugh of Capital Economics wrote: ‘Clearly the weaker economic news has played...
Pound (GBP) Rises as Boris Johnson Receives Majority Confidence in Tory Vote Published: 13 Jun at 4 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound rose today after Tory MPs voted on their future leader, with Boris Johnson, the former Foreign Secretary and hard-Brexiter, securing the majority of 114 votes. This has caused some relief for Sterling investors as the political deadlock has eventually shifted, although with Boris Johnson’s staunch stance on Brexit, this is unlikely to last. Today also saw the publication of the RICS housing price balance figures for May, which came in at a better-than-expected -10 – instead...
Pound (GBP) Slips despite UK Unemployment Falling to Fresh 44-Year Low Published: 14 May at 2 PM 2019
<h2>Pound Sterling (GBP) Slips as UK Unemployment Hits 44-Year Low</h2> The Pound (GBP) edged lower against most major currency pairings following the release of the UK unemployment rate. Data revealed that UK unemployment had hit a 44-year low of 3.8% in March, and the rate of unemployment for women had hit an all-time low of 3.7%. However, further data showed that workers’ pay did not rise as quickly as previously in the first three months of 2019. <h2>Pound Euro (GBP/EUR) Exchange Rate Flat as German...
Pound (GBP) Rises as Brexit Hopes Rise on May’s Call for Cross-Party Consensus Published: 30 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) rocketed against many of its competitors today’s following Prime Minister Theresa May’s announcement that she expected cross-party talks to conclude by the end of next week. Mrs May’s spokesman said: ‘Cabinet received an update on the Brexit talks with the opposition, including the negotiations last night, which were serious and constructive. Further talks will now be scheduled in order to bring the process toward a conclusion.’ Today also saw the publication...
Pound (GBP) Slides as UK House Price Growth Falls to a Nearly Seven-Year Low Published: 17 Apr at 3 PM 2019
<h2>Sterling (GBP) Falls as UK House Prices Slow to Six-and-a-Half Year Low</h2> The Pound (GBP) slipped against a handful of currencies as the Office for National Statistics (ONS) revealed that inflation was stable at 1.9% in March. Further data revealed that in February UK house prices rose at the slowest rate since September 2012. Commenting on this, Mike Hardie Head of Inflation at the ONS said: ‘Annual house price growth has slowed to the lowest rate in close to seven years. ‘Growth in Wales and the...
Australian Dollar to Euro Exchange Rate Hits 2019 Best on Central Bank Developments Published: 10 Apr at 4 PM 2019
Even though markets had recently been betting that the Reserve Bank of Australia (RBA) could cut Australian monetary policy in the foreseeable future, the Australian Dollar to Euro (AUD/EUR) exchange rate has surged on Central Bank news this week so far. At the time of writing on Wednesday afternoon, the pair was trending near its best levels all year. Following the mixed movement and modest gains from 0.6325 to 0.6333 seen last week, AUD/EUR movement has been more bullish this week as investors become more confident about the...
Pound (GBP) Flat Ahead of House of Lords Vote on 'Cooper' Bill Published: 8 Apr at 3 PM 2019
<h2>Pound (GBP) Slides on Brexit Tensions Ahead of Emergency EU Summit</h2> Brexit likely weighed on Pound (GBP) exchange rates on Monday ahead of the House of Lords vote on Labour’s Yvette Cooper’s Brexit delay Bill and further cross-party discussions. Meanwhile, it has been suggested that the Prime Minister has invited a delegation of Cabinet ministers to No. 10 for a meeting at 5pm, and it is expected this is a briefing on the Brexit offer to Labour. Reports also revealed that the Prime Minister is due to fly...
Pound Sterling (GBP) Rises on Hopes of Brexit Consensus Ahead of ‘Indicative Votes’ Published: 1 Apr at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) gained against many of its competitors today as hopes rose ahead of tonight’s important parliamentary ‘indicative votes’ in which MPs will expected to come to a consensus on alternative options to Prime Minister Theresa May’s Brexit deal, following its previous rejections. Hopes are riding high that Labour MPs will back an amendment on the common market, which would likely see a successful deal forged between the UK and the EU. With this amendment being the most...
Pound (GBP) Rises as Theresa May’s Brexit Deal Gains the ERG’s Support Published: 26 Mar at 4 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) recovered today following news that the European Research Group (ERG) would be willing to back Prime Minister Theresa May’s Brexit deal. This has eased fears of a possible no-deal Brexit, with the ERG – along with the DUP – previously being one of the major obstacles for May’s withdrawal agreement passing through Parliament. However, many Sterling traders are looking ahead to tomorrow’s parliamentary vote by MPs on possible alternatives to Theresa May’s Brexit...

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