Search Results for: eurozone
Euro’s rally might receive a further boost
August 1st, 2017
A snowball effect: Euro to strengthen against Pound Sterling as Eurozone investors are forced to hedge against an unexpected strengthening of their currency. Analysts at BNP Paribas have warned their clients that the Euro’s rally might receive a further ...
“Time to Sell” Pound Sterling v Dollar and Euro say BofAML Exchange Rate Strategists
July 26th, 2017
It’s “time to sell GBP” says Athanasios Vamvakidis, a foreign exchange strategist with Bank of America Merrill Lynch Global Research in a note to clients released ahead of the new week. The call by Vamvakidis comes as momentum against ...
Oil steady ahead of producer meeting; Nigeria, Libya output in focus
July 24th, 2017
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 2 ...
Poverty in Italy triples over decade as economy slows
July 17th, 2017
The number of Italians living in absolute poverty reached its highest level for more than ten years in 2016, according to a report from the Italian National Institute of Statistics ISTAT. According to the agency, the number of absolute ...
Italy formally takes control of Monte dei Paschi
July 5th, 2017
The Italian government took control of Banca Monte dei Paschi di Siena on Tuesday, injecting EUR5.4 billion ($6.1 billion) into the troubled lender as part of a broad plan to bring one of Europe’s weakest banks back to health. ...
Predictions for the Pound: Updated Sterling Forecasts v Euro and Dollar set to be Downgraded at UniCredit
June 9th, 2017
Bad news for long-suffering Brits who have seen the value of their currency fall sharply following the EU referendum in 2016; expect further declines as the UK’s ongoing political uncertainty deepens. Analysts at UniCredit Bank have put clients on ...
Is Italy now more close to exit the euro?
June 1st, 2017
Italy’s central bank warned on May 31 that leaving the eurozone would not solve the country’s economic problems, as two major parties campaign to drop the common currency before an election that may come as soon as this autumn. ...
Euro to Pound: Analysts of global financial firm eye breaking of £0.90
June 1st, 2017
EUR / GBP Outlook: Morgan Stanley Eye Breaking of £0.90 Expect the Euro to make further gains against the British Pound say analysts at one of the world’s largest investment banks. “We are buyers of most EUR crosses, helped ...
Euro to US Dollar is Strongly Supported at Mid-Point of Week
May 24th, 2017
Euro to US Dollar continues rallying despite signs the exchange rate may be overvalued. The rally has been backed by a strengthening Euro and simultaneously weakening Dollar. The scales have fallen from investors eyes after the recent US Budget ...
Fitch: Portugal EDP Exit Shows Fiscal Progress; Debt Still High
May 24th, 2017
The recommendation by the European Commission (EC) to end the Excessive Deficit Procedure (EDP) for Portugal underscores the strengthening in the country’s public finances following policy adjustments and an economic recovery, Fitch Ratings says. We expect the underlying trend ...
