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Fri 22 Feb 2019 18:07GMT

New Zealand News

Latest 10 news items tagged New Zealand

Pound Sterling (GBP) Slides as UK Annual Growth Falls to Six-Year Low Published: 11 Feb at 4 PM 2019
<h2>Pound Sterling (GBP) Slides as UK Annual Growth Hits Six-Year Low</h2> This morning saw a slew of disappointing economic releases for the Pound, including data showing that UK annual growth had hit a six-year low in 2018 as the economy only expanded by 1.4%. All main sectors of the UK economy shrank and the manufacturing sector contracted for the sixth month in a row, thus falling into a recession, which further dampened sentiment in Sterling. <h2>Pound Sterling Euro (GBP/EUR) Exchange Rate Slides despite...
Pound Sterling (GBP) Exchange Rates Fluctuate Following 10 Month Slowdown in Construction as Sector Nudges Closer to Recession Published: 4 Feb at 5 PM 2019
<div class="picture left"><img alt="" src="https://www.exchangerates.org.uk/images-news2/forex-2.jpg" itemprop="thumbnailUrl" class="img-responsive img-rounded"/></div> <h2>Pound Sterling (GBP) Exchange Rates Slip Following Construction PMI Data</h2> Today saw the release of the Markit construction PMI, which revealed a slip from the previous 52.8 to 50.6, leading to Pound weakness. Construction rose at its slowest pace for ten months, with Duncan...
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)...
Euro Exchange Rates Falls as Draghi Leaves Interest Rate Unmoved - Send Money UK Published: 24 Jan at 4 PM 2019
Pound Sterling (GBP) The Pound (GBP) failed to make any significant gains today with an absence of important UK data releases. Prime Minister Theresa May, however, has come under increasing pressure to drum up support for her Brexit ‘Plan B’ after the EU’s Chief Brexit Negotiator, Michel Barnier, said that it is either May’s deal or a no-deal, leaving some Sterling investors disappointed. US Dollar (USD) The US Dollar (USD) struggled to make any gains today after the divide between the White House and the House of...
Pound Sterling (GBP) Investors Await May’s No-Confidence Vote Outcome Published: 16 Jan at 4 PM 2019
Pound Sterling (GBP) The Pound (GBP) remained steady today despite Prime Minister Theresa May’s crushing defeat over her Brexit deal last night, which was rejected by 230 votes – the largest government defeat in modern history. This was followed by the Labour leader, Jeremy Corbyn, immediately tabling a motion of no confidence in Theresa May, which will be put to the vote this evening. However, most Pound traders are remaining generally optimistic that May will survive, which will in turn reduce the likelihood of a general...
Canadian Dollar (CAD) Investors Await BoC’s Interest Rate Decision Published: 8 Jan at 3 PM 2019
Pound Sterling (GBP) Today saw the release of the UK’s Halifax house price figures which showed a better-than-expected increase, although this left the Pound relatively unmoved as investors have remained generally skittish over mounting Brexit uncertainty. The Pound has failed to recover after yesterday’s news that over 200 MPs – a combination of both Leavers and Remainers – had signed a letter urging Prime Minister Theresa May to prevent a ‘no-deal’ Brexit situation. This further dampened investors’ confidence in...
US Dollar (USD) Strengthens following Historic Stock Market Rise Published: 27 Dec at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) was weakened today on the news that Prime Minister Theresa May has reduced her Cabinet ministers’ Christmas break by five days in order to prepare for a possible ‘no-deal’ Brexit scenario, leaving GBP investors feeling skittish into the New Year. However, Pound exchange rates have managed to remain relatively steady on the temporary lull in Brexit news, with the House of Commons due to reconvene on 7 January to continue debating Theresa May’s Brexit deal. Tomorrow, meanwhile, will see...
Pound (GBP) Falls after Government Ramps Up ‘No-Deal’ Brexit Contingency Plans Published: 19 Dec at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) was weakened today after the release of disappointing UK inflation figures for November, which showed a rate of 0.0% after last month’s 0.1% rise, dampening market sentiment. However, today’s data publications have been overshadowed by Pound (GBP) investors’ focus on Brexit developments, particularly as the government announced that it was ramping up plans for a ‘no-deal’ Brexit scenario. This has further diminished confidence in British Prime Minister Theresa May’s UK-EU withdrawal...
Pound Sterling (GBP) Plummets as Theresa May Delays Crucial Brexit Vote Published: 10 Dec at 4 PM 2018
Pound Sterling (GBP) The Pound (GBP) was hit today by the news that British Prime Minister Theresa May has decided to delay Tuesday’s crucial vote on her Brexit withdrawal agreement. This has caused a further divide between the Government and Parliament over concerns that it shows an increasing lack of confidence in her proposed Brexit deal. Today also saw Sterling pummelled by a slew of disappointing data releases, beginning with the worse-than-expected decrease in manufacturing production figures for October, dropping by -0.1%...

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