Search Results for: Jean-Claude Juncker
Juncker faces dilemma over EU tax probe into Grand Duchy
July 9th, 2014
Foot-dragging by Luxembourg over an EU probe into questionable tax deals for multinational corporations has created a potential conflict of interest for the Grand Duchy’s former premier who is set to head the EU’s executive branch. Jean-Claude Juncker, whose ...
Pound’s gains erased amid Brexit deal jitters
October 17th, 2019
The rally in the pound triggered by news of a Brexit agreement has failed to last following concerns that the deal could still be scuppered. Sterling had surged to a five-month high against the dollar, coming close to $1.30, ...
UK and EU strike new Brexit deal in last-ditch talks
October 17th, 2019
Negotiators from the U.K. and EU reached a draft Brexit deal in 11th-hour talks Thursday, although there are serious doubts that the agreement will be approved by U.K. lawmakers back in Westminster. Sterling rose on news after the U.K. ...
Dollar gives up gains against most major currencies
September 20th, 2019
The dollar drifted lower on Friday after central banks in Switzerland and the UK refrained from following the Federal Reserve in cutting rates, and risk appetites ebbed on caution about U.S-China trade talks. Sterling hits two-month high on Brexit ...
UK pound retreated further from last week’s gains
September 17th, 2019
The pound retreated further from last week’s gains following a heated remarks by Luxembourg Prime Minister Xavier Bettel on Monday showing that the gap between the British and European Union positions on Brexit remained far apart. Bettel lashed out ...
Pound US Dollar exchange rate under pressure
March 21st, 2019
News that Theresa May will only ask for a three month extension to the Brexit deadline saw the Pound Sterling to US Dollar (GBP/USD) exchange rate slump further. Investors were disappointed by May’s decision not to seek a longer ...
Euro briefly rallied on Thursday
November 23rd, 2018
The euro briefly rallied on Thursday after Britain and the European Union agreed in principle to a text setting out their future relationship before a summit on Sunday. European Council President Donald Tusk said the text had been discussed ...
Pan-European Stoxx 600 was down Monday morning; Auto stocks led the losses
October 8th, 2018
European markets were lower Monday morning, following broad declines in Asia after China’s central bank cut its reserve requirements for banks. The pan-European Stoxx 600 was down around 0.5 percent during early morning deals, with most sectors and major ...
Trade truce boosts the euro and hurts the US dollar
July 27th, 2018
The DXY dollar basket dropped to 94.08, down from a high of 95.65 last week. The dollar is under pressure from a range of negative drivers. Friday’s GDP print could be the blow off top for US growth and ...
The U.S. dollar bounced to a two-week top
December 4th, 2017
The U.S. dollar bounced to a two-week top on Monday and S&P futures jumped as traders marked the passage of a Senate tax bill over the weekend, a move that raises the risk of more aggressive rate hikes in ...
