Home » Currency Note » Currency Note » Currency Note EUR » EUR: Barnier’s comments dominate the headlines

On a day when economic data for the UK was more encouraging than it has been for some time, it was comments made by Michel Barnier that affected the currency markets. Following reports that the EU’s chief negotiator thought that agreeing a Brexit deal within the next six to eight weeks is realistic, the pound strengthened against the euro and dollar.

Towards the middle of yesterday afternoon, we also learned that EU leaders are on the verge of announcing that a Brexit summit will take place in November. There is speculation that leaders will instruct Barnier to work with the best of the Chequers proposals. It is looking more and more likely that almost everyone wants to secure a deal before the deadline.

Today, we have the all-important ZEW economic sentiment indices from Germany and the eurozone. Concerns over the impact of a trade war have diminished expectations in recent times and in Germany, the figure is forecast to fall further to -14.0 from -13.7. We will also see the employment change figures from the eurozone in the second quarter of 2018.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

You have Successfully Subscribed!