Latest 10 news items tagged Euro Exchange Rate from our financial blog...
Pound Canadian Dollar (GBP/CAD) Exchange Rate Plummets by -0.9% as No-Deal Brexit Fears Return
Published: 16 Jul at 5 PM 2019
The Pound Canadian Dollar (GBP/CAD) exchange rate dropped by -0.9%, leaving the pairing fluctuating around CA$1.618.
Sterling plummeted against many of its competitors today as no-deal Brexit fears soared following Tory leadership hopefuls Boris Johnson and Foreign Secretary Jeremy Hunt have hardened in their position on the Northern Irish backstop.
Both potential prime ministers commented that the backstop idea was effectively ‘dead’, and would not be included in negotiations with the European Union.
Neale Richmond, the...
Pound Danish Krone (GBP/DKK) Exchange Rate Steadies despite Weak UK Construction Figures
Published: 2 Jul at 5 PM 2019
The Pound Danish Krone (GBP/DKK) exchange rate fell by -0.2% today and is fluctuating around 8.3450kr on the interbank market.
Sterling (GBP) fell against the Danish Krone (DKK) following the publication of the UK construction PMI figures for June, which fell deeper into contraction from 48.6 to 43.1.
Tim Moore, an Associate Director at IHS Markit, was downbeat, saying:
‘The latest survey reveals weakness across the board for the UK construction sector, with house building, commercial work and civil engineering activity all...
Pound Australian (GBP/AUD) Exchange Rate Steadies as Risk-Appetite Returns Ahead of G20 Summit
Published: 27 Jun at 2 PM 2019
The Pound Australian Dollar (GBP/AUD) held steady today as ‘Aussie’ traders have been buoyed with a risk-on attitude ahead of tomorrow’s G20 summit in Japan.
This came following comments from the US Treasury Secretary, Steven Mnuchin, who said yesterday:
‘We were about 90% of the way there [with a deal] and I think there’s a path to complete this.’
As China is Australia’s closest trading partner, optimism over a US-China trade deal has encouraged traders to invest in the risk-correlated ‘Aussie’.
Euro US Dollar Exchange Rate Rises despite German Business Expectations Nearing 5-Year Low
Published: 24 Jun at 4 PM 2019
The Euro US Dollar exchange rate edged higher today and is currently trading around $1.1392 on interbank market.
The Euro rose despite the publication of the German IFO business expectations figures for June, which eased below the forecast 94.5 decrease to 94.2 – a near five-year low.
This has left many single currency traders jittery as the Eurozone’s largest economy shows signs of slowing down.
Analysts at Capital Economics, commented:
‘There are two likely reasons for the deterioration in business expectations....
Euro to Australian Dollar Exchange Rate Hits Best since January on Solid Eurozone Data and RBA Rate Cut Bets
Published: 15 May at 1 PM 2019
The Euro to Australian Dollar (EUR/AUD) exchange rate’s rally has lasted for almost a full month now, and the pair is looking on track to sustain another strong set of gains this week unless tomorrow’s highly anticipated Australian job market report beats market expectations.
Following last week’s climb from 1.5975 to 1.6050, EUR/AUD has seen even stronger gains this week already due to another Australian Dollar selloff. At the time of writing on Wednesday, EUR/AUD was trending close to its weekly high of 1.6199, which was also...
British Pound to Euro Exchange Rate Surges on Hopes for Formal Brexit Delay
Published: 23 Jan at 4 PM 2019
Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations.
Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support. GBP/EUR surged from 1.1196 to 1.1328 last week on Brexit hopes and have already climbed to trend near a high of 1.1490 at the time of writing this week. This was the best level for GBP/EUR for over two...
Euro to US Dollar Exchange Rate Fails to Capitalise on US-China Trade Truce News
Published: 3 Dec at 5 PM 2018
Despite the weekend’s global trade developments making investors much more willing to take risks, the Euro to US Dollar (EUR/USD) exchange rate was not able to capitalise on the safe haven US Dollar’s fresh weakness. This was partially due to underwhelming Eurozone ecostats, weighing on market demand for the shared currency.
Concerns for slowing Eurozone growth have prevented EUR/USD from holding advance attempts over the past week. Last week saw EUR/USD slip just slightly, from 1.1337 to 1.1317, as Eurozone data prevented the Euro...
Euro to US Dollar Exchange Rate Gains Limited by Underwhelming Eurozone Inflation Stats
Published: 30 Nov at 1 PM 2018
Despite gaining solidly on speculation that the US and China could reach some kind of trade agreement at an upcoming G20 summit, the Euro to US Dollar (EUR/USD) exchange rate’s gains were limited by some underwhelming Eurozone stats and some late-week demand for safe havens.
After opening the week at the level of 1.1338, EUR/USD spent the first half of the week tumbling on weak Eurozone data before jumping arounds a cent on Thursday. EUR/USD touched on a weekly high of 1.1398 on Friday morning, but has since slipped slightly from its...
British Pound to Euro Exchange Rate Unable to Hold 6-Month-Best on Brexit Uncertainties
Published: 14 Nov at 11 AM 2018
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Despite some broad uncertainties about whether a UK-EU Brexit deal could make it past UK Prime Minister Theresa May’s own government cabinet, let alone all of UK Parliament, the British Pound to Euro (GBP/EUR) exchange rate continues to trend relatively closely to its best...
British Pound to Euro Exchange Rate Tests 6-Month-Best on Speculation of Incoming Brexit Deal
Published: 13 Nov at 5 PM 2018
In what is shaping up to be a pivotal week for the Brexit process, the British Pound to Euro (GBP/EUR) exchange rate has fluctuated in recent sessions as mixed reports give investors a mixed idea of how likely a Brexit deal is to be made in the coming sessions. Brexit focus is only likely to strengthen in the coming days.
Since opening this week at the level of 1.1442, GBP/EUR has trended both lower and higher. GBP/EUR dipped to a weekly low of 1.1401 on Monday, before rebounding and touching on a fresh six month high of 1.1511 on...