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Fri 10 Jul 2020 03:33GMT

Ireland News

Latest 10 news items tagged Ireland

Sterling (GBP) Rallies as ‘Everything Should be Clear’ By Tonight Published: 16 Oct at 5 PM 2019
<h2>Pound Sterling (GBP) Jumps as ‘Everything Should be Clear’ by Tonight</h2> The Pound rebounded on Wednesday afternoon as Brexit optimism buoyed the British currency after President of the European Council, Donald Tusk said that ‘everything should be clear’ by tonight. While Downing Street said there was ‘more work still to do’ and Irish leader, Leo Varadkar said there were ‘many issues’ that needed to be resolved before a deal can be reached, Sterling continued to rise against a handful of currencies....
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...
Pound (GBP) Falls as No-Deal Brexit Fears Rise as Boris Johnson Heads to Europe Published: 21 Aug at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound fell against many of its peers today as Prime Minister Boris Johnson headed to Europe to renegotiate the Irish backstop with German Chancellor Angela Merkel and French President Emmanuel Macron. However, as both leaders are expected to reject the removal of the backstop, this has left many Sterling traders feeling jittery on the now increased likelihood of a no-deal Brexit on October 31. <h2>US Dollar (USD)</h2> The US Dollar has remained subdued today ahead of the...
US Dollar (USD) Sinks as Federal Reserve Hints at Possible Rate Cuts Published: 8 Aug at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell today following the publication of the RICS Housing Price Balance figures for July, which fell below forecast and sank to -9%. Meanwhile, no-deal Brexit fears rose as Prime Minister Boris Johnson’s main advisor, Dominic Cummings, is perceived as likely to push through Parliament to achieve Brexit on the October 31 – with or without a deal. As UK markets have been quite today, UK traders have become increasingly concerned over the deadlock between the UK and the EU,...
US Dollar (USD) Weakens as Federal Reserve is Expected to Cut Interest Rates Published: 31 Jul at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) edged higher against many of its competitors today despite increased no-deal Brexit fears. Prime Minister Boris Johnson has taken a more confrontational approach on the Irish backstop, requesting that the EU remove it from the withdrawal agreement. Mr Johnson has increasingly stated the UK would leave the EU without a deal if the Irish backstop was not removed in future negotiations on the agreement, further heightening the likelihood of a no-deal on October 31....
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...

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