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EUR: Euro looks to interest rate decision on Thursday

The euro was weak against the dollar and the pound on Friday, as both sterling and the greenback ended the week on a high. German industrial production unexpectedly dropped by 1.7% month-on-month, missing expectations of a 0.1% growth. This week we’ll see a number of...

Markets await first December election

We’re into the crunch period for the upcoming election, with just four days to go. The pound is strong this morning as the latest poll shows that the Conservative Party have extended their lead ahead of Labour. Unexpectedly poor German industrial figures put more...

Pound approaches post-referendum highs

The pound has gone marching up towards new highs against the euro in early trading this morning and could well, by the time you read this, be at its highest rate since the EU referendum. The first question then becomes, is a Conservative victory on Thursday priced...

EUR: Eurozone growth remains positive but weak

Euro had a choppy day against the pound yesterday, weaker on the back of UK optimism over the election. Meanwhile, the EU is preparing for post-January trade talks, if Boris Johnson’s deal does pass, with a leaked document from the European Commission urging trade...

USD: Dollar weak ahead of non-farm payrolls

Trade war uncertainty, poor data and a strong pound weighed on the dollar yesterday. The greenback is still down against the euro this morning. Figures showed that the trade deficit narrowed to $47.2 billion in October of 2019 from a downwardly revised $51.1 billion...

GBP: Pound slightly weaker ahead of leader’s debate

The pound continued to perform well against both the euro and the dollar yesterday on the back of recent polling data, which predicts a Conservative majority. It surpassed significant levels, and it’s thought that it could rise further this time next week if a...

Pound slightly weaker before TV debate

Sterling was strong against the euro yesterday, hitting a 2.5-year high earlier this week on the back of predictions of a Conservative majority in the upcoming election. However, it is slightly weaker against the euro and dollar this morning. Boris Johnson and Jeremy...

GBP: Sterling at 2.5 year high against euro

The pound rose to a two-and-a-half year high against the euro yesterday, as recent polls indicate that a Conservative majority is the most likely outcome of the general election. This is positive for sterling because the uncertainty of a hung parliament would be...

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