Greece News

Pound Sterling (GBP) The Pound (GBP) has risen against the Euro and the US Dollar today, thanks to a lull in Brexit-related warnings. A report from the Institute of Directors (IoD) has shown that business leaders are concerned about post-Brexit trade, but this hasn’t damaged demand for the Pound to the extent of the past two weeks’ warnings. Sterling could fall against the Euro and US Dollar on Tuesday, in the event that a forecast-matching slowdown in industrial orders damages GBP demand. Euro (EUR) Greece has...

Pound Sterling (GBP) The Pound has been one of today’s biggest currency losers, having dropped by -0.5% against the US Dollar and -1% against the Euro, in addition to seeing greater losses against other peers. This poor performance comes after Bank of England (BoE) policymakers voted to leave interest rates at 0.5% at their latest monetary policy meeting. Economists had been forecasting a rate hike to 0.75% as recently as April, but a steady stream of poor UK data releases caused a change of outlook. Today’s interest rate...

Pound Sterling (GBP) The Pound has been an unstable option for investors today, having risen by 0.3% against the US Dollar but dropped by -0.4% against the Euro. Recent UK domestic data, inflation rate stats and earnings data, remains from previous days as dominant factors. Ending the UK’s week will be Friday’s retail sales figures for January, which are expected to rise on the month but fall on the year. Given that annual figures are generally more impactful, the Pound could be devalued on this news. Euro (EUR) The Euro has...

Pound Sterling (GBP) The Pound has rallied against peers today, ahead of a potentially uncomfortable run of UK inflation and earnings figures. Inflation is expected to rise on Tuesday, but earnings on Wednesday are predicted to remain at their previous level of growth. If earnings happen to drop, this could well weaken Pound demand due to rising fears of inflationary pressures hitting the UK consumer. Euro (EUR) With the spectacle of the Greek debt crisis dominating Eurozone investor focus today, the Euro has fallen overall,...

Pound Sterling (GBP) While major UK developments have taken place recently, Sterling has weathered any negative effects, rising by 0.4% against the Euro and 0.3% against the US Dollar regardless. The latest news has been that the key Article 50 bill, which must be approved to trigger Brexit, has been voted through the House of Commons for a second time. This moves the bill on to the House of Lords for further approval; notably, no amendments were added to the bill before it left the Commons. Friday will bring the last major UK data...

Sterling The Pound (GBP) fell against the majority of its peers today as investors worried about a potential drop in consumer spending over the coming year. This was prompted by a warning from Weetabix that it would have to raise its prices this year due to the devaluation of Sterling since the Brexit vote. This follows a number of announcements of price hikes from other companies operating in the UK, which analysts predict will cause spending to plummet in 2017. This is likely to be reflected in tomorrow’s Consumer Confidence report...

Pound Sterling (GBP) The Pound has been a mixed option during trading today, as while significant gains were recorded earlier on the back of manufacturing news, recurrent Brexit concerns have once again limited interest in the UK currency. The prior manufacturing-related data concerned December’s PMI, which beat predictions of stagnation by bouncing from 53.6 to 56.1. Although this was a strong positive result, detraction by pessimistic forecasts ultimately limited how supportive the news was. Among these were rekindled fears about...

Pound Sterling The UK housing market continued to demonstrate signs of resilience, with the RICS House Price Balance for October unexpectedly strengthening from 18% to 23%. This offered encouragement to the Pound, despite the weaker nature of recent production and trade data. Demand for Sterling was given a further boost by commentary from Donald Trump’s campaign team, who reaffirmed that the UK would be at the front of the queue when it comes to negotiating a new trade deal. Euro Despite earlier comments from European Central Bank...

Pound Sterling (GBP) On the eve of what may be a momentous Bank of England (BoE) interest rate decision, the Pound has found itself in high demand against most peers. This comes despite a number of concerning forecasts made by the National Institute of Economic and Social Research (NIESR), which has estimated a drop in the UK’s GDP growth rate to 1.4% in 2017, along with an alarming jump in inflation by around 4%. The day’s good news has come from an unexpected source, with the construction PMI for October rising from 52.3 to...

Pound Sterling Despite a slow start to the day demand for the Pound picked up over the course of Monday’s European session. The British Chambers of Commerce lowered its growth forecasts amidst fresh warnings over the potential detrimental impact that the Brexit vote will have on the UK economy. Even so, this was not enough to dampen the mood towards Sterling for long at the start of the week, with the Pound benefitting from the weakness of many of its rivals. Euro Worries have been mounting once again over the future of the Greek...