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Euro Pound Forecast Directory - Page #56

A round up of the latest Euro Pound forecast news items from the Currency News desk.

Weak New Zealand Import / Export Data and Unfruitful EU Summit Could Support US Dollar

24 May 2012 at 9 AM - Written by Tim Boyer

Political discord in the eurozone mounted last night, as the latest EU summit in Germany drew to a close. Delegates agreed that the region is facing up to a serious fiscal crisis, but the closest they could come to drawing up a roadmap out of the situation was a statement encouraging the introduction of pro-growth policies alongside austerity...

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Sterling Euro Rate Up Again On Euro Summit Fears

23 May 2012 at 9 AM - Written by John Cameron

The euro came under sustained selling pressure during yesterday’s afternoon session, following the release of a report by the Organisation for Economic Co-ordination and Development (OECD), which singled out the eurozone’s ongoing debt crisis as the most significant threat to the global economy. The OECD went on to echo international...

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Official Confirms That EC and ECB Are Drawing Up Plans For Greece?s Eurozone Exit, Yet GBP EUR Rate Drops

21 May 2012 at 9 AM - Written by James Fuller

The ongoing crisis in the debt-stricken eurozone is increasingly resembling the final throes of the Roman empire, as the edifice of ‘political union’ crumbles in a wash of subterfuge and rumour. Market whispers abounded late on Friday that German Chancellor Angela Merkel had urged Greek President Karolos Papoulias to hold a referendum...

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Spanish Bond Yields Soar As Investors Fear Hard Default By Greece

18 May 2012 at 9 AM - Written by Frank Davies

In global bond markets and in Europe’s debating chambers alike, the discord continues. Yesterday’s session saw the yields which debt-addled Iberian giant Spain pays on its government bills spiral to their highest levels for some time. The interest rate which the country is paying on its bonds with a maturity date of January 2015 jumped...

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Pound Euro Exchange Rate Spirals As Greece Heads For Second General Election

16 May 2012 at 9 AM - Written by Tim Boyer

Yesterday morning’s European session offered a timely reminder of why a significant proportion of the global investment community are still willing to hold euro-denominated assets, when the region’s leading economic power, Germany, released its latest GDP growth data. The figures revealed that German economic activity had expanded by an...

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Pound Euro Exchange Rate Could Head Higher Following Bank of England Decision to Keep QE On Hold

11 May 2012 at 9 AM - Written by Minesh Chaudhari

Sterling received a significant boost in the middle part of yesterday’s session, as the Bank of England announced that it would not be altering the UK’s monetary policy. The gains which followed the statement suggested that a significant proportion of market participants had been factoring-in an extension to the Bank’s existing £325bn...

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Sterling Euro Rate Dips As ECB Talks Down Interest Rate Cut

4 May 2012 at 9 AM - Written by Ben Hughes

As ever, the future direction of interest rates was never far from the minds of currency market participants during yesterday’s session. European Central Bank President Mario Draghi’s press conference, which followed the ECB’s announcement that it is maintaining its key lending rate at 1.00%, was generally judged to have been...

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Pound Euro Exchange Rate Spirals As Investors Take Fright At French and Dutch Political Impasses

24 Apr 2012 at 9 AM - Written by Ben Hughes

Like the fabled damn which springs leaks at a rate which the boy in the myth can not keep up with, the eurozone appears to be generating problems which are too many and varied for it to handle. The signs at the end of last week were that Spain’s debt problems were easing, as the yield on 10-year Spanish bonds headed lower following...

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Euro Fails To Strengthen In Spite Of Strong Spanish Bond Uptake, As Italy Slashes 2012 Growth Forecast

20 Apr 2012 at 9 AM - Written by Toni Johnson

Yesterday’s session brought relief for global investors as the latest Spanish debt auction saw a strong uptake for the troubled Iberian state’s government bonds. The Spanish treasury had been attempting to shift €2.5bn of its gilts, but managed to sell some €2.54bn worth of debt at significantly reduced yields. The rate of interest...

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Jump in UK Inflation Helps Sterling to Euro Exchange Rate Climb

18 Apr 2012 at 9 AM - Written by John Cameron

The future direction of UK monetary policy grabbed the headlines in the currency markets during yesterday’s trading session, as the latest British inflation figures showed a surprise hike in the rate of domestic price rises. March’s headline CPI inflation number showed at an annualised 3.5%, up from February’s counterpart number of...

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