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European Central Bank

Analysis and News from the European Central Bank

GBP LIVE TODAY

Fresh Reports on EU Brexit Compromises Emerge, Could Underpins Pound Sterling's July Recov…

10 July, 2020 |

Further encouraging headlines for British Pound bulls ahead of the weekend are doing the rounds, with a seasoned Brussels journalist reporting that the EU's Michel Barnier is ready to make some significant compromises on behalf of the EU in order to get a trade deal agreed over coming weeks.

GBP LIVE TODAY

Pound Sterling: Sunak's Spending Pledge "not Significant Enough to Prompt Further GBP…

09 July, 2020 |

The British Pound retains a buoyant tone as markets move through the second half of the week courtesy of a mixture of improvements in sentiment towards EU-UK trade negotiations and the announcement by the Government of a set of new measures designed to underpin the economic recovery.

GBP LIVE TODAY

Pound Sterling Holds Gains vs. Euro and Dollar after Sunak Announces Incentive to Get Peop…

08 July, 2020 |

The British Pound held onto the sharp gains registered over the course of the past 24 hours following the Treasury's Summer Economic Update where it was announced the Government would pay employers £1000 for every worker who returns to their job after the furlough scheme expires at the end of October.

GBP LIVE TODAY

Pound Sterling View: What Happens On a Brexit Breakthrough? 

07 July, 2020 |

The Pound led major currencies in a rebound against the Dollar Tuesday as another round of Brexit trade talks got underway and Chancellor Rishi Sunak's mini budget loomed large, although it could see substantial further gains on any progress in the deadlocked negotiations with the EU. 

USD

Dollar On Defensive Even after Job Market Recovery Survives Second Coronavirus Wave

09 July, 2020 |

The Dollar remained on the back foot Thursday, taking the Dollar Index below a key level of technical support on the charts even after official data suggested the still tentative U.S. labour market recovery endured in the face of a second wave of coronavirus infections that's sweeping the country.

USD

Dollar Crumbles Again as U.S. Stocks Shake Off Concerns Over Virus, Recovery and China

08 July, 2020 |

The Dollar crumbled Wednesday as investors again demonstrated an increasing aversion to the greenback that pushed the Dollar Index back to late June lows while lifting Pound Sterling and the Euro to multi-week highs.

USD

Dollar Boost Fades as Risk Appetite Returns with North American Traders

07 July, 2020 |

The Dollar was unwinding earlier gains on Tuesday as risk appetites appeared to be revived by the return of North American traders, enabling Pound Sterling to slip out into the lead among major currencies while others also pared earlier losses.

USD

U.S. Service Sector's V-shaped Rebound Compounds U.S. Dollar Decline

06 July, 2020 |

The U.S. economy's sharp rebound from the slump of the covid-19 lockdown continues with the non-manufacturing sector roaring back to life in June, according to the ISM non-manufacturing index which was updated on Monday.