May 26, 2020 7:06 am
EUR/GBP remained relatively stable near intraday lows during early European trade, as market sentiment was affected by both rising optimism over a global recovery from the coronavirus pandemic and by concerns over escalating US-China tensions. With restrictive measures on businesses and movement being gradually lifted, investor optimism over a swift return to growth seemed to […]
Read moreMay 25, 2020 7:13 am
EUR/GBP continued to retreat in thin trade on Monday after data showed Germany’s economy had shrunk the most in 11 years, while concerns of an impasse between China and the United States over civil liberties in Hong Kong lessened the appeal of riskier assets. Final data by the Federal Statistical Office revealed earlier on Monday […]
Read moreMay 22, 2020 11:43 am
GBP/USD continued to slide on Friday, as the Sterling was pressured by the latest string of somber macro data coming from the United Kingdom, while demand for traditional safe haven currencies such as the US Dollar increased due to escalating tensions between Beijing and Washington. Earlier on Friday, UK retail sales were reported to have […]
Read moreMay 22, 2020 7:03 am
EUR/GBP came off recent eight-week highs and traded within a relatively tight range during the late phase of the Asian session on Friday, as the rally driven by optimism over Europe moving closer to a fiscal union, seemed to have lost traction. However, the pair trimmed certain part of earlier losses after a Friday report […]
Read moreMay 21, 2020 11:39 am
GBP/USD pared earlier losses during the late phase of the European trading session on Thursday, as better-than-expected UK manufacturing and services numbers by IHS Markit introduced some optimism following a string of dismal macro data released earlier. Preliminary data showed that UK’s Manufacturing Purchasing Managers’ Index rebounded more than expected in May to a reading […]
Read moreMay 21, 2020 6:47 am
EUR/GBP touched a fresh eight-week high during the early phase of the European session on Thursday, since weak UK inflation data fueled negative interest rate prospects, mounting pressure on the Sterling. “The negative view we previously held for the kiwi on the back of a dovish Reserve Bank can now be extended to the pound […]
Read moreMay 20, 2020 11:37 am
GBP/USD held steady during late European trade on Wednesday, recouping part of earlier losses, but startling UK inflation data may still weigh on the Sterling, as it supports the prospect of negative interest rates being introduced by Bank of England to prop up the pandemic-ravished economy. Earlier Wednesday, the Office for National Statistics reported that […]
Read moreMay 20, 2020 7:03 am
EUR/GBP was on its way up for a retest of the seven-week high from May 18th during early European trade on Wednesday, after UK’s Office for National Statistics said annual consumer price inflation in the country had decelerated to its lowest level since August 2016. The general Consumer Price Index increased 0.8% in April from […]
Read moreMay 19, 2020 11:10 am
After advancing to a fresh multi-day high in early European trade on Tuesday on the back of improved risk appetite, GBP/USD gave back certain portion of gains later in the session, as downside risks such as the possibility of negative interest rates continued to pressure the Sterling. In a London School of Economics webinar late […]
Read moreMay 19, 2020 7:07 am
EUR/GBP came off recent seven-week highs during early European trade on Tuesday, following the latest string of employment data released from the United Kingdom. The Office for National Statistics said that the number of people who filed for unemployment benefits rose by 856,500 to 2.097 million in April due to the coronavirus pandemic, or the […]
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