Posted by: Josh Ferry Woodard
Date: January 16th, 2017.
The Pound to Euro exchange rate plunged to a fresh two-month low at the start of this week’s session due to fears that UK Prime Minister Theresa May will outline plans to break away from the EU single market on Tuesday. GBP/EUR began last week’s session on the back foot, declining rapidly in reaction to [...]
The Pound to Euro exchange rate is trading at its lowest level for almost two months due to concerns that UK Prime Minister Theresa May is planning to put immigration controls ahead of retaining access to the single market – a so-called ‘hard Brexit’. Last week’s session saw all three UK PMI reports come in [...]
Posted by: Josh Ferry Woodard
Date: January 3rd, 2017.
After a quiet week of holiday trading GBP/EUR appreciated by around a cent this morning in reaction to better-than-anticipated UK manufacturing data. There were very few economic releases between Christmas and the New Year and the data that was released – German retail sales and UK housing figures – was deemed inconsequential for the Pound [...]
It’s been a tumultuous year for the Pound. Sterling began 2016 at 1.36 against the Euro and looks set to end it at around 1.17. GBP/EUR declined rapidly during the first three months of the year as speculative investors hedged against the uncertainty of a vote to leave the European Union. Then in June, when [...]
The Pound to Euro exchange rate remained capped by psychological resistance at 1.20 last week as the Bank of England refrained from hawkish rhetoric. Sterling strengthened against the single currency last Tuesday when UK CPI data printed at its highest level for two years. Rising unexpectedly from 0.9% to 1.2%, the consumer price index appears [...]
The Pound to Euro exchange rate softened slightly from a four-and-a-half-month high last week as Italian general elections were averted. Sterling surged to its highest level against the single currency since July at the beginning of last week’s session in reaction to a referendum on constitutional reform in Italy. Former Prime Minister Matteo Renzi lost [...]
The Pound to Euro exchange rate struck a four-month high at the beginning of this week’s session due to fears that political instability in Italy could pave the way for a wave of anti-EU sentiment on the continent. GBP/EUR started the week at around 1.17 as Bank of England policymaker Gertjan Vlieghe said that no [...]
The Pound to Euro exchange rate strengthened by around a cent to strike a new two-month high last week as investors reacted favourably to Chancellor Phillip Hammond’s Autumn Statement. Sterling jumped from below 1.16 to above 1.17 last Monday in reaction to calming comments from UK Prime Minister Theresa May. The PM attempted to assuage [...]
The Pound to Euro exchange rate remained fairly flat last week as robust UK ecostats compensated for a damaging leaked ‘Brexit’ memo. Sterling slid below 1.15 last Tuesday in reaction to a supposed leaked memo suggesting that Britain currently has no overall ‘Brexit’ strategy. The report, which appeared in the Times but was ‘not recognised’ [...]
The Pound to Euro exchange rate strengthened by four cents last week as Donald Trump’s surprise election victory stoked fears of a wave of political populism in Europe. GBP/EUR initially tumbled a cent in reaction to Trump’s election result. However, the mood shifted swiftly and Sterling began appreciating versus the single currency. There are a [...]
© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.