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Posted October 2nd, 2017 by Charles Purdy

Eurozone monetary policy in the spotlight this week

The euro ended on a disappointing note after a poor week as it lost ground against both sterling and the US dollar. The only significant data out from the Eurozone was French consumer confidence data, which beat expectations at 98, despite being forecast at 94. With sterling and the US dollar gaining a lot of […]

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Posted October 2nd, 2017 by Charles Purdy

Positive Day Overall for Euro

It was a positive day overall for the euro yesterday as it strengthened against sterling and the US dollar. However, rather than this being a result of major strengthening in the single currency, it was largely because of weakness in the pound and greenback. Economic data from the eurozone came out as anticipated, with the […]

Posted October 2nd, 2017 by Charles Purdy

Euro undermined (slightly) by ECB

After a disappointing week last week the euro begun a small recovery as it strengthened against both sterling and the US dollar. Most of the gains made against the US dollar were erased on Thursday, despite it performing well earlier in the week. Thursday was a key day for the single currency, with euro weakness […]

Posted October 2nd, 2017 by Charles Purdy

Euro reached two-week high against sterling

Yesterday we saw the euro gain further strength, reaching a two-week high against sterling. This was due to EU referendum polls in the UK taking centre stage, with the latest polls indicating a jump in ‘Brexit’ support, which caused sterling weakness across the board. This trend was reversed overnight as the likelihood of a June […]

Posted October 2nd, 2017 by Charles Purdy

Disappointing Tuesday for euro

The euro had a slightly disappointing day on Tuesday, despite better-than-forecast revised growth figures, as it lost ground against sterling and the US dollar. Revised growth figures for the euro area were anticipated to fall from 1.6% down to 1.5% but actually ticked up slightly to 1.7%. The euro/sterling spike seen very early in the […]

Posted October 2nd, 2017 by Charles Purdy

Euro gathers strength against US dollar and sterling

The euro had a good day on the whole, as it made ground against both sterling and the US dollar. The single currency hit its highest point since the beginning of May against its biggest trading partner, the US dollar. The movement seen on Wednesday was down to weakness from the US dollar and sterling […]

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