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Wed 1 Apr 2020 04:46GMT

Italy News

Latest 10 news items tagged Italy

Pound (GBP) Rises as BoE Rate Decision Boosts UK Economic Hopes Published: 27 Mar at 3 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) edged higher against many of its peers in spite of Prime Minister Boris Johnson’s coronavirus diagnosis. Sterling’s gains owed themselves primarily to an improvement in investor sentiment, with the British currency continuing to act as a risk-sensitive asset. GBP has also continued to benefit from the Bank of England’s (BoE) interest rate decision yesterday, which saw the bank hold rates at all-time record lows of 0.1%. <h3>Euro (EUR)</h3> The Euro (EUR) struggled...
Euro (EUR) Sinks as Eurozone PMIs Contract Published: 24 Mar at 5 PM 2020
The Pound to Euro (GBP/EUR) exchange rate rose by over 1% today, with the pairing currently trading around €1.08. The Euro (EUR) suffered today after the publication of the flash Eurozone Composite PMI for March, which showed a significant decrease into contraction territory from 51.6 to 31.4. Chris Williamson, the chief business economist at IHS Markit, commented on the report: ‘Business activity across the eurozone collapsed in March to an extent far exceeding that seen even at the height of the global financial crisis....
Euro (EUR) Sinks as German Economy on ‘Red Alert’ Published: 17 Mar at 6 PM 2020
<h3>Pound (GBP)</h3> The Pound (GBP) remained subdued against its peers today as UK economic recession fears grow amid the ongoing global coronavirus pandemic. Today also saw the release of January’s UK ILO Unemployment Rate rise to a worse-than-expected 3.9%. However, as this was before the major Covid-19 pandemic, Sterling traders are feeling increasingly pessimistic that unemployment could spike in the coming months. Capital Economists Chief Paul Dales commented: ‘With the peak of the virus yet to come, it is...
Canadian Dollar (CAD) Plummets as Oil Prices Slide by 10% Published: 16 Mar at 5 PM 2020
<h3>Pound Sterling (GBP)</h3> The Pound (GBP) edged higher today as hopes returned for the British economy as Downing Street appeared to take a firmer stance on the coronavirus epidemic. Today also saw the release of the UK Rightmove House Price Index, which rose in March by 1%, while the year-on-year figure edged higher by 3.5%. <h3>US Dollar (USD)</h3> The US Dollar (USD) remained subdued against many of its peers after the US Federal Reserve cut its interest rates from 1.25% to 0.25% on Sunday. As a...
Canadian Dollar (CAD) Sinks as the Bank of Canada Slashes Interest Rates Published: 4 Mar at 5 PM 2020
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) struggled against many of its peers today after the UK Markit Services PMI for February undercut forecasts and eased from 53.3 to 53.2. The GBP exchange rate has also become beset by rising odds of a rate cut from the Bank of England (BoE), with the coronavirus outbreak threatening to weaken the British economy in the near-term. <h2>US Dollar (USD)</h2> The US Dollar (USD) recovered some of its losses today after February’s ISM Non-Manufacturing PMI beat...
US Dollar (USD) Slumps as Federal Reserve Unexpectedly Cuts Interest Rates Published: 3 Mar at 5 PM 2020
<h2>Pound Sterling (GBP) Rises as Markets Expect BoE Rate Cut</h2> The Pound (GBP) was able to make gains against a handful of currencies as the country’s trade talks with the European Union and expectations of a Bank of England (BoE) cut to offset Covid-19 damage. The Pound also made gains after outgoing Bank of England (BoE) Governor, Mark Carney said he expected a ‘powerful and timely’ global response to the virus outbreak. Meanwhile, the British currency was barely moved on upbeat UK construction...
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...
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...
US Dollar (USD) Suffers as Safe-Haven Demand Dwindles Published: 2 Dec at 5 PM 2019
<h2>Pound Sterling (GBP)</h2> The Pound (GBP) fell against many of its competitors today after the UK Markit manufacturing PMI fell for its seventh month in a row, leaving Sterling investors feeling increasingly jittery over the health of the British economy. UK political developments also remained in focus, with markets becoming increasingly concerned over the prospects of a hung parliament on the 12th December general election. <h2>US Dollar (USD)</h2> The US Dollar (USD) was compromised by increasing...
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...

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