A triple-whammy of underwhelming UK private sector data sent the Pound tumbling by around a cent versus the Euro last week. The Pound to Euro exchange rate trended lower last week as traders reacted to a downbeat trio of UK private sector PMI results. The British manufacturing index dipped from 56.3 to a three-month low [...]
The Pound to Euro exchange rate held steady for most of last week’s session as hawkish remarks from the President of the European Central Bank and the Governor of the Bank of England cancelled each other out. Last Monday Theresa May announced that her Conservative party had signed a deal with the Northern Irish Democratic [...]
Posted by: Louisa Heath
Date: June 28th, 2017.
There have been increasing signs of a split within the Bank of England (BoE) after chief economist Andy Haldane made unexpectedly hawkish noises. This encouraged speculation that August’s policy meeting could see an increased shift towards a tightening bias, setting the Pound on a bullish run. However, as both Governor Mark Carney and Deputy Governor [...]
The Pound to Euro exchange rate softened by around half a cent last week as investors digested contrasting statements from important Bank of England (BoE) policymakers. Sterling sunk around 100 pips against the single currency last Tuesday following a dovish speech from BoE Governor Mark Carney. Citing ‘anaemic wage growth’, a slowdown in consumer spending, [...]
Posted by: Josh Ferry Woodard
Date: June 19th, 2017.
The Pound strengthened by around 80 pips versus the Euro last week as markets reacted to a surprise split between policymakers at the Bank of England (BoE). Sterling slid to a seven-month low against the single currency at the start of last week’s session as markets responded to news that the Queen’s Speech was to [...]
Posted by: Josh Ferry Woodard
Date: June 12th, 2017.
The Pound to Euro exchange rate skidded to seven-month lows last week as Theresa May’s gamble to hold a snap election spectacularly backfired, leaving Britain with the uncertainty of a hung parliament. Sterling ticked higher against the single currency at the beginning of last week’s session as markets bet that Theresa May and the Conservatives [...]
The Pound to Euro exchange rate tumbled to a two-and-a-half-month low last week as political tensions heightened ahead of this week’s general election. Sterling strengthened against the single currency at the beginning of last week’s session as traders reacted to a statement from Greek finance minister Euclid Tsakalotos calling for debt relief in June. Some [...]
The Pound weakened by around a cent against the Euro last week as traders hedged against political uncertainty in Britain. Sterling slid by around half a cent against the single currency last Monday when German Chancellor Angela Merkel commented that the Euro was ‘too weak’ and blamed the European Central Bank’s large-scale quantitative easing scheme [...]
The Pound to Euro exchange rate has fallen by around two cents over the last week due to concerns that the Bank of England may not raise interest rates even though inflation looks to be eroding domestic growth prospects. Sterling fell by around half a cent against the single currency at the start of last [...]
The Pound lost a little bit of ground versus the Euro last week as investors cut rate hike bets following the Bank of England’s latest policy statement. The single currency failed to post any lasting gains on news that pro-European centrist Emmanuel Macron had beaten anti-EU far-right leader Marine Le Pen in the French Presidential [...]
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