Thursday, February 23, 2023

Pound Euro (GBP/EUR) Exchange Rate Firms amid Hawkish Speech from BoE Mann

Pound Euro (GBP/EUR) Exchange Rate Firms amid Hawkish Speech from BoE Mann The Pound Euro (GBP/EUR) exchange rate firmed on Monday morning, following a hawkish speech from Bank of England (BoE) Policymaker Catherine Mann. Mann stated that further rate hikes were likely, lending support to GBP. At the time of...

* This article was originally published here

Wednesday, February 1, 2023

Pound US Dollar Exchange Rate News: GBP/USD Weakened on Fears over UK Economic Growth Plans

Pound (GBP) Slipped on Economic Growth Concerns The Pound (GBP) struggled for demand on Friday amid a lack of economic data. An uninspiring speech from Chancellor Jeremy Hunt failed to inspire confidence ahead of the interest rate decision from the Bank of England (BoE) next week. With economists and analysts...

* This article was originally published here

Friday, December 30, 2022

Pound Euro Exchange Rate News: GBP/EUR Traded Erratically amid Mixed UK Jobs Data

Pound (GBP) Undermined by Climbing Unemployment The Pound (GBP) saw mixed success on Tuesday in the wake of a flurry of jobs data. Overall, investors remained concerned with the labour market as the unemployment figure edged up. The unemployment figure increased for the third consecutive month to 3.7%, but still...

* This article was originally published here

Friday, December 16, 2022

Week Ends With a Disappointing U.S. Producer Price Report

Some Asian stock markets continued to rally on China’s announced relaxation of Covid restraint measures, which lessens a significant demand depressant in that key economy, but financial markets elsewhere around the world continue to fret over stagflation and the tightening of monetary policies. Next week will be the last one of 2022 before year-end conditions […]

* This article was originally published here