June 9, 2020 7:00 am
EUR/GBP extended losses from the previous two trading days during the early European session on Tuesday, slipping to lows not seen in a bit over 3 weeks, after Germany’s Federal Statistical Office reported the smallest trade surplus since December 2000 in April. Germany’s trade balance surplus shrank to EUR 3.5 billion in April from EUR […]
Read moreJune 8, 2020 12:01 pm
Having touched a fresh 12-week high on Friday, GBP/USD was set to snap a seven-day streak of gains on Monday amid lack of catalysts to further support that rally. Broadly weaker US Dollar, Britain easing lockdown restrictions and Bank of England playing down prospects of negative interest rates were among the key drivers behind the […]
Read moreJune 8, 2020 6:58 am
EUR/GBP extended Friday’s losses during Monday’s Asian session and kept trading near intraday lows in early European session, after a report by Germany’s Federal Statistical Office showed industrial production had shrunk at a record monthly rate in April. German industrial production plummeted 17.9% in April from a month ago due to a heavy impact by […]
Read moreJune 5, 2020 11:39 am
GBP/USD was set to record its third straight week of gains, as the major pair touched highs not seen since mid-March on Friday, on the back of broadly weaker US Dollar and after a Bank of England official played down prospects of interest rates going below zero. During a Bloomberg webinar, Bank of England’s Executive […]
Read moreJune 5, 2020 6:49 am
EUR/GBP came off recent highs, while snapping a two-day streak of gains on Friday, after Germany’s Federal Statistical Office reported a much steeper drop in factory orders in April than anticipated. New manufacturing orders shrank 25.8% in April, or at the sharpest monthly rate since the comparable series were initiated in January 1991, reflecting the […]
Read moreJune 4, 2020 11:50 am
GBP/USD slid from one-month highs, while snapping a five-day streak of gains on Thursday, as the US Dollar regained strength and concerns that Britain may leave the European Union with no trade deal at the end of December still lingered. British and EU negotiators began the final round of trade talks prior to June 30th, […]
Read moreJune 4, 2020 6:53 am
EUR/GBP rose for a second straight day and traded in proximity to intraday highs in early European session on Thursday, as market players largely expected the European Central Bank to expand its Pandemic Emergency Purchase Programme at its policy meeting today to prop up coronavirus-ravaged economy. “I suspect the market has already priced in an […]
Read moreJune 3, 2020 11:56 am
GBP/USD appreciated for a fifth straight day on Wednesday and moved within a tight range close to fresh one-month highs in late European trade, as the US Dollar remained broadly weaker and the Pound was still supported by indications that Britain may be open to a compromise on sticking points in the latest round of […]
Read moreJune 3, 2020 7:13 am
Having retreated to lows unseen since May 15th on Tuesday, EUR/GBP steadied in early European trade on Wednesday ahead of key services and employment data coming out from both the EU and the UK. The single currency gained ground on expectations that the European Central Bank will expand the size of its Pandemic Emergency Purchase […]
Read moreJune 2, 2020 12:00 pm
GBP/USD extended earlier gains and touched a fresh one-month high during late European trade on Tuesday, as the Pound was backed by indications that Britain may be open to a compromise on sticking points, as the next round of negotiations over Brexit kicks off. The US Dollar remained broadly weaker against major peers, retreating to […]
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