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Pound Sterling advanced against the Euro and other peers after Bank of England data showed a strong recovery in consumer demand for credit and suggested a 'mini boom' in housing was underway.
September 1,2020
The Pound-to-Euro exchange rates has carved out a technical bottom on the charts and could now have scope to extend its run higher in the week ahead, potentially reaching four month highs in another quiet week for economic data although lingering Brexit risks still muddy the medium-term waters.
August 30,2020
The British Pound raced to a fresh ten week best against the Euro over the course of the past 24 hours, with the Pound-to-Euro exchange rate hitting a high of 1.1197 following an important policy update from the U.S. Federal Reserve.
August 28,2020
The Pound-to-Euro exchange rate set itself on course for a third consecutive gain on Thursday and was tipped by technical analysts for an extended run higher amid an ebbing downtrend on the charts, with highs up near early June levels billed as possible for the coming days.
August 27,2020
"We have lowered our long-term outlook for the GBP vs the EUR," says Valentin Marinov, Head of G10 FX Research & Strategy at Crédit Agricole in London.
August 25,2020
The Pound-to-Euro exchange rate signed off with a soft finish to an otherwise strong week Friday but enjoys nearby technical support and could reclaim higher levels alongside the Dollar Index in the coming days, although a looming Federal Reserve speech is a potential banana skin for both.
August 24,2020
Economic data out of the Eurozone for August showed the region's economic recovery had lost some of its earlier vigour, which has been reflected in a softer Euro ahead of the weekend.
August 21,2020
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