Currency Note EUR


USD: Dollar reaches month’s low against pound

The dollar has reached a month’s low against the pound, as investors turn to European economies reopening with lower infection rates and tension with China continuing to rise. The US trade deficit has widened to the largest gap in eight months, according to...

EUR: ECB beats expectations with stimulus plan

The euro was strong against the pound after the European Central Bank passed larger-than-expected stimulus measures, taking its total bond purchase programme to €1.35 trillion and extending it six months longer than the original plan, until June 2021. The ECB also, as...

GBP: Brexit fears persist ahead of briefing later

The pound was still weak against the euro yesterday afternoon due to persistent fears of a no-deal Brexit at the end of this year, as well as increasing expectations of another rate cut from the Bank of England. However, sterling remains strong against the dollar and...

Euro boosted as ECB unveils further stimulus

The euro was given a boost against the pound yesterday after the European Central Bank unveiled a larger-than-expected addition to its asset purchase programme, as well as extending it until June 2021. Although sterling looks slightly stronger this morning, fears over...

USD: Balance of trade expected to widen

The dollar is still down against the pound, amid continuing unrest and despite relatively positive data releases, with new non-manufacturing orders, activity and prices increasing. Today, the markets are looking ahead to balance of trade figures, expected to widen,...

EUR: ECB to announce interest rate decision

The euro has reversed some of its losses against the pound, with unemployment coming in lower than expected across the Eurozone and in Italy yesterday. This morning, construction PMI has show a slow inch upwards, although retail figures for April are expected to show...

GBP: Pound choppy as Brexit negotiations get underway

The pound is choppy against the euro, as speculation continues over the current round of Brexit talks. Little progress is widely expected, but the markets will be watching closely for any hint of a change in position if Johnson and von der Leyen do meet later this...

Pound down as little Brexit progress expected

The pound is down against the euro this morning, with fears of little possible progress in the Brexit negotiations. The EU’s Stefaan de Rynck indicated that compromise will be a ‘challenge’, saying ‘as to our demands being unreasonable, these...

Pound rises as positives appear

The pound has perked up over the past few days, rising around 3% against the US dollar and 1% against the euro. The positivity comes amid suggestions that there could be a breakthrough imminent in UK-EU negotiations, that coronavirus is being seen off and that the...

USD: Dollar down as unrest continues

The US dollar is down against the pound this morning, as unrest continues across America, with some speculating that they will mean further spending at a time when the government is running a $4 trillion deficit. Employment change figures today are expected to show...

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