Latest 10 news items tagged Germany
Pound (GBP) Sinks on No-Deal Brexit Fears
Published: 27 Feb at 3 PM 2020
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) plummeted against many of its peers today after Downing Street announced that it could walk away from UK-EU trade talks as early as June.
As a result, Sterling has suffered from investors fearing a no-deal scenario between the UK and the EU by the end of the transition period, which terminates in late December this year.
Frances O’Grady, the TUC General Secretary, commented: ‘A good deal with the EU should be this government’s priority. But instead Boris Johnson is...
US Dollar (USD) Sinks on Heightened Fed Rate Cut Fears
Published: 26 Feb at 2 PM 2020
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) fell against many of its peers today as post-Brexit trade talks between the UK and the EU continue to come under strain.
This follows comments by Michel Barnier, the European Union’s Chief Brexit negotiator, who said that he expects trade talks to be ‘very difficult’. Sterling continues to sink on heightened fears of the UK leaving the EU without a deal at the end of the Brexit transition period later on this year.
<h2>US Dollar (USD)</h2>
The US Dollar...
Sterling Rebounds as Investors Move Away From Safe-Haven US Dollar
Published: 25 Feb at 5 PM 2020
<h2>Pound Sterling (GBP) Rebounds on Slight Boost in Risk Appetite</h2>
The Pound (GBP) rebounded on Tuesday after markets found stability despite worries about Covid-19. Investors were able to move away from the safe-haven USD which had previously sent the British currency lower.
The slight increase in risk appetite was the main driver of Sterling today, although markets awaited for developments in trade relations between the UK and European Union. UK-EU trade talks are set to begin next week in order for a post-Brexit...
Sterling Rises as Manufacturing Output Jumps to 10 Month High
Published: 21 Feb at 1 PM 2020
<h2>Pound Sterling (GBP) Rallies on Upbeat PMI Figures</h2>
The Pound (GBP) was able to edge higher against a handful of currencies after upbeat UK PMI data showed the UK’s private sector saw its joint-fastest private sector output since September 2018.
Added to this, the manufacturing sector saw the fastest growth in output since April 2019, providing Sterling with a further boost. Sterling traded higher despite many analysts stating the PMI figure is a false positive.
Looking ahead, GBP could give up some losses...
‘Aussie’ Plummets as Markets Price in RBA Rate Cut
Published: 20 Feb at 4 PM 2020
<h2>Pound Sterling (GBP) Stumbles despite Upbeat UK Consumer Spending</h2>
The Pound (GBP) suffered losses during today’s session despite the release of better-than-expected retail sales data.
Data showed British consumers began spending again at the start of the year after a disappointing last few months of 2019. The upbeat figures added to signs that the economy has rebounded following December’s general election which saw Boris Johnson secure a large majority.
However, looking to Friday’s session, Sterling...
The Pound (GBP) Rises on Record Breaking UK Unemployment Rate
Published: 18 Feb at 5 PM 2020
<h2>Pound Sterling (GBP)</h2>
The Pound (GBP) has performed strongly today following the release of the UK ILO Unemployment Rate report, which confirmed consensus and remained at a record low of 3.8%.
However, December’s worse-than-expected UK average earnings report left some Sterling traders feeling anxious, as this could signal a weakening economy towards the end of last year.
Post-Brexit developments have also remained in focus today after David Frost, the UK’s Chief Brexit negotiator, insisted that he would be...
‘Kiwi’ and ‘Aussie’ Rise as Covid-19 Infection Rate Appears to Slow
Published: 17 Feb at 4 PM 2020
<h2>Pound Sterling (GBP) Slides as UK and EU Will ‘Rip Each Other Apart’</h2>
On Monday, Prime Minister Boris Johnson’s spokesman said that the UK does not need any special arrangements in its future relationship with the EU. The spokesman also added that the UK wanted a relationship based on friendly cooperation and that it is ready to begin trade negotiations.
However, this did little to support Sterling at the end of the week.
The Pound remained under pressure after France’s Foreign Minister, Jean-Yves Le...
Sterling (GBP) Rebounds on Strong Service Sector
Published: 5 Feb at 1 PM 2020
<h2>Pound Sterling (GBP) Buoyed by Strong Services PMI</h2>
On Wednesday, the Pound (GBP) was buoyed following the release of a strong service sector PMI, which rose to the highest level since September 2018.
However, the currency also remained close to a six-week low after Prime Minister Boris Johnson took a hard stance on trade talks with the European Union.
Looking ahead, if traders fear the UK is unlikely to reach a trade agreement with the EU by the end of the transitionary period, Sterling exchange rates will...
US Dollar (USD) Flat Ahead of Fed Decision
Published: 29 Jan at 11 AM 2020
<h2>Pound Sterling (GBP) Flat Ahead of BoE Meeting</h2>
Sterling (GBP) remained a handful of currencies on Wednesday as Thursday’s Bank of England (BoE) monetary policy meeting crept closer.
The Pound remained flat as investors continued to be cautious about the outcome of the meeting, with many expecting the bank to slash interest rates for the first time since 2016.
However, as the chance of the rate cut is still around 50:50, if the bank does cut rates tomorrow, it could cause Pound Sterling (GBP) exchange rates...
Pound (GBP) Sinks on Double Threat of Brexit and BoE Rate Cut
Published: 28 Jan at 4 PM 2020
Pound Sterling (GBP)
The Pound (GBP) struggled against many of its peers today as the double-threat of both Brexit and an interest rate cut from the Bank of England (BoE) on Thursday have weighed on market appetite for Sterling.
The UK is due to officially leave the European Union on Friday, January 31, which has left many investors concerned that the UK could face a no-deal with the EU later on this year due to a short ‘transition period’ scheduled by the British Government.
Today also saw the UK CBI retail sales report for...