Search Results for: Sterling
Dollar gains as focus shifts to Fed, euro and sterling under pressure
December 14th, 2018
The dollar firmed against most major counterparts on Friday, as investor focus shifted to an expected U.S. interest rate hike next week, although gains are likely to be capped on greater uncertainty about next year’s policy outlook. The greenback ...
Pound Sterling to Euro exchange rate struggles to climb
December 4th, 2018
After slipping last week on Brexit jitters, the Pound Sterling to Euro (GBP/EUR) exchange rate saw mixed movement when markets opened on Monday. Investors are reacting to the latest developments from the weekend’s G20 summit. Last week saw GBP/EUR ...
Sterling rallies after cabinet backs May’s draft deal
November 15th, 2018
The pound has rallied after the Prime Minister announced she had the backing of the cabinet for her Brexit withdrawal plan. It followed a volatile day’s trading while the outcome of Theresa May’s five-hour meeting with cabinet colleagues remained ...
Euro and Sterling climbed higher on Wednesday; Dollar Index slipped from a 16-month high
November 14th, 2018
The euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks. The rise in the euro and sterling ...
EUR/GBP losses seen on sterling rally
November 2nd, 2018
The Euro (EUR) has dropped off against the Pound (GBP) and most other peers today, with a stronger Pound Sterling making the single currency less appealing. A lack of supportive Eurozone data hasn’t helped matters, as Euro traders are ...
Sterling falls to seven-week low
October 25th, 2018
The pound fell to a seven-week low on Wednesday before British Prime Minister Theresa May was due to meet Conservative Party lawmakers, some of whom have discussed toppling her in anger at her Brexit negotiations. May is seeking to ...
Euro, Sterling try to steady as traders keep wary eye on Italy budget, Brexit
October 22nd, 2018
The euro and the British pound managed to hold steady against the dollar on Monday as investors cautiously awaited developments around Brexit as well as Italy’s budget plan which drew heavy criticism from the European Union. The dollar was ...
Sterling rises before EU summit
October 17th, 2018
The pound rose towards $1.32 on Tuesday as investors prepared for a European Union summit where diplomats will try to pave the way for an agreement on Brexit. Traders have been unwinding short positions on sterling, in part because ...
Hedge funds are betting big against sterling
September 25th, 2018
Hedge funds are betting big against sterling, the most since May last year. And following last week’s Brexit debacle in Salzburg, that bet will probably be even bigger now, closing in on the largest on record. Funds and speculators ...
Early Forex Review: Euro, sterling rise on hopes for Brexit deal
September 11th, 2018
The euro and sterling rose against the dollar on Monday after the European Union’s top negotiator said an agreement for Britain to leave the economic bloc might be reached in the coming weeks. The pound in particular had been ...
