June 11, 2020 6:52 am
EUR/GBP extended gains from the previous two trading days on Thursday, touching a fresh one-week high, as market optimism over UK’s recovery took a hit after an ominous forecast from the OECD. The Sterling weakened against the common currency after a report by the Organisation for Economic Cooperation and Development (OECD) stated UK’s economy might […]
Read moreJune 10, 2020 11:49 am
GBP/USD continued on its way up for a tenth straight trading day on Wednesday, touching fresh three-month highs, mostly on the back of weaker US Dollar ahead of the outcome of the Federal Reserve’s two-day policy meeting later today. The dollar was under pressure stemming from speculation the bank could announce further steps in response […]
Read moreJune 10, 2020 7:01 am
EUR/GBP kept trading within a tight range around the 0.8900 mark during early European session on Wednesday, as concerns over progress in EU-UK trade negotiations continued to weigh on both the Sterling and the Euro. The European Union’s chief Brexit negotiator, Michel Barnier, is expected to speak later today, while market players will be looking […]
Read moreJune 9, 2020 11:50 am
GBP/USD came off fresh three-month highs and was set to end an eight-day streak of gains on Tuesday, as the US Dollar and other safe haven assets received a boost after China’s education ministry advised students going overseas “to conduct a good risk assessment and be cautious about choosing to go to Australia or return […]
Read moreJune 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, […]
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