France News

The Pound Euro exchange rate fell by -0.5% today after the Bank of England (BoE) released a surprisingly dovish statement about UK growth and inflation, which it said would likely be ‘temporary’. The pairing is currently fluctuating around €1.16. Sterling struggled today after the BoE predicted that inflation is likely to rise above 3% as the UK’s economy continues to gather pace. However, the Bank also said that the spike in inflation was likely ‘transitory’. Members of the Monetary Policy Committee (MPC)...

The Pound Euro exchange rate held steady today ahead of the European Central Bank’s (ECB) interest rate decision, which is expected to remain at 0%. The pairing is currently trading around €1.15. The Euro failed to gain on the Pound (GBP) with Eurozone markets speculating over whether the ECB will dial back its Pandemic Emergency Purchase Programme (PEPP) in light of the improving outlook for the bloc’s economy thanks to intensive vaccination programmes. Any signs of a more bullish ECB today would boost the Euro to Pound...

Despite fresh signs of resilience in the Eurozone economic outlook, the Euro to US Dollar (EUR/USD) exchange rate has been struggling to recover from this week’s lows as the US Dollar remains broadly appealing in comparison. Unless upcoming US data disappoints investors, the Euro may have a difficult time mounting a more solid recovery. Since opening this week at the level of 1.1771, EUR/USD has been struggling to hold its ground. EUR/USD tumbled in the middle of the week and hit a low of 1.1704 - the worst level for the pair all...

Despite uncertainty over the Eurozone’s coronavirus outlook, the Euro to US Dollar (EUR/USD) exchange rate has been trending higher again this week. Whether or not the pair sustains a strong advance depends on upcoming Eurozone and US data however. Since markets opened this week, EUR/USD has been trending with an upside bias. EUR/USD opened this week at the level of 1.2117 and has been edging higher and higher each day. Today, EUR/USD touched on a high of 1.2235. This was the best level for EUR/USD in over a month, since the...

The Euro to US Dollar (EUR/USD) exchange rate has seen intensifying volatility and fluctuations since last night, as the results of the 2020 US Presidential Election turn out to be far less clear than expected. Since opening this week, EUR/USD been trending with a largely downside bias as investors continue to avoid risks. EUR/USD opened the week at the level of 1.1676 and has touched on lows of 1.1617. This is the worst level for the pair since July. EUR/USD has attempted to gain on hopes that the election result will become...

The Euro to Australian Dollar (EUR/AUD) exchange rate’s rally has lasted for almost a full month now, and the pair is looking on track to sustain another strong set of gains this week unless tomorrow’s highly anticipated Australian job market report beats market expectations. Following last week’s climb from 1.5975 to 1.6050, EUR/AUD has seen even stronger gains this week already due to another Australian Dollar selloff. At the time of writing on Wednesday, EUR/AUD was trending close to its weekly high of 1.6199, which was also...

Due to a stream of disappointing Eurozone ecostats published over the past week, the British Pound to Euro (GBP/EUR) exchange rate surged towards the end of Wednesday’s European session on the latest Brexit speculations. Despite mixed demand for Euro rivals, a weaker economic outlook has left the shared currency without strong support. GBP/EUR surged from 1.1196 to 1.1328 last week on Brexit hopes and have already climbed to trend near a high of 1.1490 at the time of writing this week. This was the best level for GBP/EUR for over two...

Despite the weekend’s global trade developments making investors much more willing to take risks, the Euro to US Dollar (EUR/USD) exchange rate was not able to capitalise on the safe haven US Dollar’s fresh weakness. This was partially due to underwhelming Eurozone ecostats, weighing on market demand for the shared currency. Concerns for slowing Eurozone growth have prevented EUR/USD from holding advance attempts over the past week. Last week saw EUR/USD slip just slightly, from 1.1337 to 1.1317, as Eurozone data prevented the Euro...

A combination of the latest ecostats and stronger demand for the US Dollar following its poor performance at the end of last week has caused the Euro to US Dollar (EUR/USD) exchange rate to slip. However, EUR/USD movement is likely to remain muted until major Eurozone and US news later in the week. Last week was a highly volatile week for EUR/USD, as the pair opened the week at the level of 1.1686 and briefly slumped to a July low of 1.1584 before surging again. EUR/USD closed the week at the level of 1.1730. Since markets opened on...

While not significantly disappointing, Tuesday’s Australian inflation results from Q1 2018 were enough to help the Euro to Australian Dollar (EUR/AUD) exchange rate advance throughout the day. This was despite some disappointing business confidence stats from major Eurozone nations. Low Reserve Bank of Australia (RBA) interest rate hike bets and underwhelming Australian data could cause EUR/AUD to see another week of gains. Last week, EUR/AUD climbed from 1.5882 to 1.6023, and this week the pair has touched on an April high of...