according to euroexchangeratenews
Pound to Euro Exchange Rate Drops Today After ECB Meeting, GBP USD Steady
Pound to Euro Exchange Rate Drops Today After ECB Meeting, GBP USD SteadyThe European Central Bank's (ECB) interest rate decision left the Pound to Euro exchange rate down 0.7%, with GBP/EUR hitting a low of 1.1766 during the European session.The Pound's performance against the US Dollar was less dramatic, with GBP USD holding in the region of 1.3330.Bank of England still expected to lower interest rates before end of 2016 – Pressure mounted on Pound over dovish outlook– Pressure mounted on Pound over dovish outlook Disappointing German Industrial Production undermined Euro confidence – Fresh signs of slowing within Eurozone's powerhouse economy weighed on sentiment– Fresh signs of slowing within Eurozone's powerhouse economy weighed on sentiment Odds of Fed rate hike continued to weaken – US Dollar downtrend extended as domestic data failed to offer encouragement– US Dollar downtrend extended as domestic data failed to offer encouragement ECB commentary has notable impact on GBP EUR exchange rate – Single currency likely to remain bullish on market easing scepticismGBP EUR, GBP USD Exchange Rate Update: Euro Gains after ECB DecisionAs the ECB opted to leave stimulus unchanged at today's gathering, the Euro advanced on its rivals with the Pound to Euro exchange rate falling by 0.7% to trade in the region of 1.17.
read more from here
furthermore poundsterlinglive
ECB Tipped to Expand Stimulus, But Unlikely to Stop Pound to Euro Exchange Rate's Rise
ECB Tipped to Expand Stimulus, But Unlikely to Stop Pound to Euro Exchange Rate's RiseThe European Central Bank is forecast to expand its stimulus programme on Thursday but there remain signs that the bank is losing its ability to weaken the Euro.The British Pound to Euro exchange rate today: 1.1916, 24 hour best rate: 1.1936The Euro to Pound Sterling exchange rate today: 0.8392, 24 hour best rate: 0.8399The European Central Bank's (ECB) policy meeting to be held on Thursday the 8th September will form the highlight of the week for foreign exchange rate traders with apprehension growing that the Bank may introduce new measures that could hurt the Euro.A survey of 50 leading economists by Bloomberg confirms the September meeting as the most likely at which additional stimulus measures will be announced by the ECB.
read more from here
not to mention exchangerates
Below-Forecast NFP Fails To Boost Euro To Dollar X-Rate As ECB QE Speculation Softens USD Exchange Rates
Below-Forecast NFP Fails To Boost Euro To Dollar X-Rate As ECB QE Speculation Softens USD Exchange RatesSentiment towards US Dollar (USD) exchange rates has remained mixed thanks to the inconclusive nature of recent domestic data, with investors heavily anticipating the latest Non-Farm Payrolls data to gauge the likely direction of the Fed's outlookUS Dollar (USD) exchange rates fluctuated widely on the last day of trading this week, as exchange rate investors readjusted to the week's mixed US news.The Eurozone's news had been largely disappointing, allowing USD/EUR to advance while USD/GBP slumped on solid UK news.Markets resumed speculation that the European Central Bank (ECB) may soon expand its aggressive stimulus package, which left the Euro highly unappealing to US investors despite Friday's highly disappointing August US Non-Farm Payroll report.
read more from here
No comments:
Post a Comment