June 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 […]
Read moreJune 2, 2020 7:20 am
Sterling advanced for a second straight day on Tuesday, pushing EUR/GBP down to lows not seen since mid-May, as support was drawn from investor confidence over economic recovery after Britain eased certain lockdown restrictions and the latest PMI data from the UK met market expectations. A report by IHS Markit/CIPS on Monday showed that activity […]
Read moreJune 1, 2020 12:13 pm
GBP/USD remained in proximity to fresh three-week highs during late European trade on Monday, as the US Dollar was mostly weaker against its major peers while Britain eased certain lockdown restriction-related measures. New rules, which came into effect on June 1st and are not valid for Wales, Scotland and Northern Ireland, allow groups of up […]
Read moreJune 1, 2020 7:01 am
Following three successive weeks of losses against the single currency, Sterling began the new week on a stronger footing, distancing further from Friday’s two-month lows, as Britain emerges from lockdown. From June 1st residents in England will be able to meet outdoors in groups of up to six, while people who are not from the […]
Read moreMay 29, 2020 11:45 am
GBP/USD maintained ground above the 1.2300 mark during late European trade on Friday, mostly on weaker US Dollar, while risks such as Brexit uncertainty, rising debt, sluggish recovery and negative interest rates continued to weigh on Sterling, restraining the upside. “The medium-term outlook remains negative for sterling as the no-deal Brexit anxieties will likely curb […]
Read moreMay 29, 2020 6:40 am
EUR/GBP remained in proximity to fresh one-week highs during early European trade on Friday, after a report by the Federal Statistical Office showed German retail sales had dropped at a slower-than-expected rate in April. Retail sales decreased at a monthly rate of 5.3% in April, while the median analyst estimate had pointed to a 12.0% […]
Read moreMay 28, 2020 12:00 pm
GBP/USD edged lower for a second straight day on Thursday, while trading not far from yesterday’s closing level (1.2260), after reports emerged that Brexit negotiations were at a fundamental impasse. Additionally, the Pound was still pushed down by speculation over negative interest rates. A report by the Times newspaper earlier on Thursday stated that UK […]
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