Sunday , February 23 2020

Tag Archives: steady

Pound euro exchange rate: GBP/EUR steady as the European Central Bank keeps rates on hold | City & Business | Finance

In the ECB’s accompanying statement the bank reiterated that interest rates would remain flat until the bloc’s inflation outlook is seen to “robustly converge” to just below 2 percent. The euro remained unmoved against the pound, however, as the bank maintains its “wait and see” approach to policy.  The newly appointed …

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Pound US dollar exchange rate: GBP/USD steady as Bank of England rate cut odds rise | City & Business | Finance

Policymakers Silvana Tenreyro and Gertjan Vlieghe both said they would back further stimulus measures from the central bank as the UK economy continues to struggle. The central bank was also further pressured to lower its interest rates after Friday’s dismal December UK retail sales figures.  Thomas Pugh, an economist at …

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Pound euro exchange rate holds steady as ‘golden decade’ of German economic growth ends | City & Business | Finance

Euro traders have remained cautious, however, after yesterday saw the publication of Germany’s growth report, which showed its slowest rate of growth since 2013. Holger Schmieding, an analyst at Barenberg Bank, was pessimistic about the Eurozone’s powerhouse economy, commenting: “The golden decade Germany has seen for growth is gradually coming …

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Pound US dollar exchange rate steady as doubts over US-China trade deal increase | City & Business | Finance

Julian Evans-Pritchard, Senior China Economist at Capital Economics, said that the deal was “mostly a rehash of existing commitments”, echoing a more general sentiment which has left US markets feeling jittery over further obstacles to a “phase two” agreement between Washington and Beijing. However, US President Donald Trump’s top trade negotiator, …

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