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Mon 16 Sep 2019 05:02GMT

Ireland News

Latest 10 news items tagged Ireland

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...
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...

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