April 18, 2025 7:59 am
The EUR/GBP currency pair was slightly firmer on Friday, but was still set for a weekly loss, in the wake of the European Central Bank’s policy decision. Yesterday the Euro lost as much as 0.55% of its value against the Sterling after the ECB lowered all three of its benchmark interest rates by 25 basis […]
Read moreApril 17, 2025 2:03 pm
Key moments On Thursday, the ECB lowered Europe’s interest rates by 25 basis points. The primary deposit facility rate now stands at 2.25%. The ECB’s decision to lower borrowing costs was primarily driven by growing concerns about the Eurozone’s weakening economic growth prospects. After the ECB’s announcement, the EUR/USD declined to 1.1355. Euro Loses Ground […]
Read moreApril 17, 2025 1:17 pm
Key moments The GBP/USD pair managed to hit the 1.3250 mark today but has yet to reach 1.3300 The US Dollar Index is trading above recent slumps near 99.000. March saw the UK’s key interest rate reach 2.6%, lower than previously projected. UK Inflation Undershoots Forecasts, Casting Doubt on Pound’s Upside Potential Thursday saw the […]
Read moreApril 17, 2025 10:38 am
The EUR/CAD currency pair traded within a tight daily range on Thursday, as investors braced for the outcome of the ECB’s policy meeting later in the day. The European Central Bank is largely expected to lower its main refinancing operations rate by 25 basis points to 2.40% at its April policy meeting. And, the ECB […]
Read moreApril 17, 2025 8:34 am
Key moments Bitcoin’s value enjoyed a modest climb of 1.1% on Thursday, nearly hitting $85,000. The cryptocurrency’s surge occurred as investors were shaken by remarks from Fed Chair Powel, who commented on the potential impact of US tariffs and dismissed the prospect of swift interest rate cuts. A CryptoQuant report underscored a disconnect between Bitcoin’s […]
Read moreApril 16, 2025 12:28 pm
Key moments The EUR/USD pair’s Wednesday recovery saw it hit 1.1361. Meanwhile, the US Dollar Index remains stuck below the 100 mark. The US dollar is struggling amid prevailing unease surrounding global tariff-related tensions. Euro Gains Momentum While Dollar Weakens On Wednesday, the EUR/USD pair experienced a significant jump of 0.74% to reach 1.1361. This […]
Read moreApril 16, 2025 11:15 am
Key moments The USD/JPY pair’s exchange rate fell on Wednesday, dropping 0.28% to 142.77. This followed an even steeper decline that saw the USD/JPY edge toward its six-month low. The US Dollar Index also sank, reaching 99.566. Increasing concerns over the fallout of US President Donald Trump’s erratic tariff policies weigh on the US dollar. […]
Read moreApril 16, 2025 8:36 am
Key moments Bitcoin’s price slipped 0.48% on Wednesday, sinking past the $84,000 mark. The inconsistent approach of the US administration toward tariffs weighed on global markets and the cryptocurrency sphere. According to CoinShares, last week saw Bitcoin outflows of $751 million. Bitcoin Weakens Amid Tariff Jitters On Wednesday, the price of Bitcoin fell 0.48% to […]
Read moreApril 15, 2025 1:10 pm
Key moments The EUR/USD slid 0.35% on Tuesday, reaching 1.1309. In addition, the US Dollar Index increased by 0.25%. The German ZEW Economic Sentiment Index fell in April, weighing on the euro. Euro Under Pressure Against Dollar as Tariff Uncertainty Persists On Tuesday, the exchange rate between the euro and the US dollar suffered a […]
Read moreApril 15, 2025 12:17 pm
Key moments The EUR/GBP fell 0.54% to 0.8558 on Tuesday. Figures released by the ONS provided fresh insights into the state of employment within the UK economy, with vacancy reducing to a notable extent while wages saw an increase. Analysts expect the BoE will cut interest rates later this year. EUR/GBP Loses Ground on Heels […]
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