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Tue 25 Jun 2019 18:34GMT

Ireland News

Latest 10 news items tagged Ireland

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 (GBP) Struggles as Worries over Theresa May?s Brexit ?Plan B? Increase Ahead of Vote Published: 28 Jan at 4 PM 2019
Pound Sterling (GBP) The Pound (GBP) struggled today due to an absence of notable UK data release and increasing concerns ahead of tomorrow’s parliamentary vote on Prime Minister Theresa May’s Brexit ‘Plan B’. Former Foreign Secretary Boris Johnson, however, failed to restore confidence to Pound investors despite claiming that if May’s ‘Plan B’ were to include an amendment concerning the Irish backstop, then Parliament would back May’s deal with ‘full-throated’ support. US Dollar (USD) The US Dollar (USD)...
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...
British Pound Weakened by Brexit Jitters as Euro Surges on European Central Bank Speculation Published: 7 Jun at 4 PM 2018
Pound Sterling (GBP) This week has seen the Pound put in a mixed performance against major rivals. While it was supported against some other currencies due to solid UK services data, Brexit jitters have been enough to drag it lower against others. On Thursday, fresh Brexit uncertainties left the Pound unappealing, preventing it from gaining even against its weaker rivals. Investors became concerned that divisions over how to handle the issue of the Irish border had worsened UK government fissures between soft Brexit and hard Brexit...
Pound Exchange Rates Decline after Services PMI Prints below Forecasts Published: 3 May at 4 PM 2018
Pound Sterling (GBP) The Pound has fallen in value today, making minor losses against the Euro and US Dollar and dropping more heavily against the Australian Dollar and New Zealand Dollar. This poor performance follows the release of April’s services sector PMI, which grew but not by as much as expected. Pound traders were disappointed that the sector expansion missed forecasts, which quickly led to GBP exchange rate losses. Next week’s main Pound-influencing event will be the Bank of England (BoE) interest rate decision...
Sterling (GBP) Losses Limited as Investors Continue to Hope for Brexit Developments Published: 6 Dec at 5 PM 2017
Pound Sterling (GBP) Demand for the Pound has been anything but firm in recent sessions. The British currency has seen wide fluctuations since a deal on the Brexit divorce proceedings was blocked by the Northern Ireland DUP Party on Monday. With the issue of the border between Ireland and Northern Ireland still causing contention in negotiations, investors have been hesitant to buy into the Pound. However, markets remain hopeful that a deal will be agreed in the next week and this is limiting the Pound’s losses. Recent UK data...
Brexit Negotiation Hopes Continue to Boost Pound (GBP) Across the Board Published: 30 Nov at 4 PM 2017
Pound Sterling (GBP) The Pound continued its bullish run against most major currencies on Thursday as investors remained hopeful for progress in Brexit negotiations. Since Tuesday, Sterling has seen much stronger demand due to news that the UK and EU were coming close to making a deal on the price of the Brexit ‘divorce bill’. Reports have also emerged that both sides of negotiations were closer to agreeing to the Northern Ireland border issue. As the EU’s imposed 4th December deadline draws near, hopes are rising that the UK...
Pound Traders Unsettled by Northern Irish Issues and BoE Report Published: 27 Jun at 4 PM 2017
Pound Sterling (GBP) On a busy day for UK political and economic news, the Pound has risen by 0.5% against the Euro but dropped by -0.3% against the US Dollar. Elsewhere, Pound movement has been just as mixed, showing how today’s news has unsettled Sterling traders. On the plus side, a recent Bank of England (BoE) financial stability report hasn’t been too alarming. Rising borrowing during the current low interest rates is flagged up as an issue, but otherwise the BoE sees UK banks in a stable light. Less supportively,...

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