Search Results for: Sterling
Pound Euro exchange rate recovers ground on poor German consumer confidence data
November 29th, 2018
The Pound Euro (GBP/EUR) exchange rate gained ground, and is currently trading at €1.1336, after the release of Germany’s poor Gfk consumer confidence figures dampened investor confidence in the single currency. The EUR was also hit after its initial ...
The dollar held broad gains; Currency traders are looking to the upcoming G-20 meeting
November 26th, 2018
The dollar held broad gains on Monday as investors sought shelter in the world’s most liquid currency on fears of a slowdown in global economic growth and as U.S.-Sino trade tensions sapped risk appetite. The greenback, considered a safe ...
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 ...
British Pound recovered slightly on Friday; Euro recovers, US Dollar sells off
November 19th, 2018
The British Pound (GBP) recovered slightly on Friday as the fears of a complete dissolution of Theresa May’s cabinet eased. The US Dollar (USD) exchange rates weakened against both the Euro (EUR) and Pound (GBP) and leaves some momentum ...
Brexit draft deal: The key points explained
November 15th, 2018
Theresa May’s draft Brexit agreement has been agreed by her cabinet after more than 18 months of negotiations with the EU. It took five hours of discussions inside Downing Street before the prime minister was able to hail the ...
Dollar climbs to 16-month peak; pound falls on Brexit fears
November 13th, 2018
The dollar reached a 16-month high on Monday against a basket of currencies as investors built bets on a Federal Reserve interest rate increase next month, and political risks in Europe which put pressure on the euro and the ...
The dollar seesawed versus the euro and yen in a volatile session
November 7th, 2018
The dollar seesawed versus the euro and yen in a volatile session as traders scanned U.S. midterm election results for early insights into the prospect of Congressional gridlock. The Democratic Party is expected to win control of the U.S. ...
British Pound rallies on hopes for a UK customs deal Brexit agreement
November 6th, 2018
The pound rallied on Monday after a report said Britain was nearing a deal for leaving the European Union and that an all-UK customs arrangement would be part of it. The currency was lifted by the Sunday Times report ...
The Pound is under pressure as market rushes to buy options protecting against ‘No Deal’ Brexit
October 31st, 2018
The British Pound is suffering fresh losses taking it back to October lows against the Euro and two-month lows against the U.S. Dollar. The impasse in Brexit negotiations remains front-and-centre for foreign exchange markets with little near-term attention being ...
British pound is facing continued pressure on Friday morning
October 12th, 2018
The British pound is facing continued pressure on Friday morning after Liam Fox, Michael Gove and Dominic Raab spoke out against the UK PM at a senior ministers Brexit meeting in Downing Street last night. The Pound to Euro ...
