Currency Note EUR


USD: Dollar weaker over phase one deal doubts

The dollar weakened yesterday as reports on the progress of US-China trade talks cast doubts over whether a phase one deal will be reached. A report suggested that there is pessimism in Beijing due to President Trump’s reluctance to roll back tariffs on Chinese...

GBP: Sterling reaches new six-month high

Sterling strengthened to a new six-month high yesterday as Prime Minister Boris Johnson pledged to deliver Brexit on time at the annual CBI conference. He also set out plans to put corporation tax cuts on hold and said that the money would be spent on public services....

EUR: Lane hints at further stimulus from ECB

On a quiet day for economic data, the focus in the Eurozone has been on a series of speeches, with the ECB’s Philip Lane telling a conference yesterday that the ECB is ‘not at a limit as of yet’ in regards to monetary policy. He seemed to call for further policy...

Sterling hits new six-month high

Continued optimism around the upcoming election helped to push sterling to a six-month high yesterday, as opinion polls show the government is set to return with a majority. The week has started with few economic releases, and much attention from within the eurozone...

USD: Dollar awaits further trade developments

The dollar was weak against the pound and the euro at the end of last week. Despite this, retail sales rose 0.3% from a month earlier in October 2019, reversing a 0.3% drop in September and beating market expectations of 0.2%. This was driven by motor vehicle sales...

EUR: UK election optimism keeps euro below pound

Election optimism in the UK is continuing to put pressure on the euro, which remains down against the pound. Inflation in the eurozone continued to shrink for the fifth month running, according to figures released this morning. Meanwhile, the Eurozone’s trade surplus...

Pound up as Brexit Party candidates withdraw from seats

The pound ended the week up on continued electoral optimism and it is strong this morning against the euro and dollar. This comes as election campaigning steps up and the Brexit Party stood down its candidates from 43 seats held by the Conservative Party. The same...

Pound starts week strongly

The pound has a spring in its step this Monday morning, merrily bounding up to a six-month high of over €1.17 and very nearly half a cent against the USD. This boost follows a slow but steady rise over the past week. The issues of the 2019 general election, now only...

USD: Dollar weaker on trade talk concerns

Concerns over whether the US and China will reach a ‘phase one’ deal before the next wave of tariffs kick in has caused the dollar to weaken. The US and China are due to hold a teleconference today. However, yesterday White House economic adviser Larry...

You have Successfully Subscribed!