United Kingdom BoE Minutes Publication
|Latest Release:||17-12-2014 09:30:00|
|Next Release:||23-10-2013 09:30:00|
|Source:||Bank of England|
The euro continued to soften against the British pound on Thursday, as European Central Bank President Mario Draghi reiterated his commitment to economic stimulus amid expectations for modest Eurozone growth in the second half of the year.
The EUR/GBP tumbled 0.36 percent to 0.7793, easing off an intraday low of 0.7785. The pair, which has declined 0.9 percent since Monday, is trading below the 100-day simple moving average. Initial support is likely found at 0.7788. On the upside, resistance is ascending from 0.7845.
The EUR/GBP has weakened gradually throughout the course of 2014, despite a sharp retracement for the British pound in recent months. The pair has tumbled 7.1 percent over the last six months, as weak Eurozone growth and geopolitical uncertainties continue to weigh on the common currency. Analysts foresee further declines in the short-term, as the pair looks poised to test the lows from 2012.
The euro was under pressure on Thursday after ECB President Mario Draghi said Eurozone growth will remain subdued in the second half of the year.
Speaking to Verslo Zinios, a leading Lithuanian business daily, Draghi expressed concerns that escalating geopolitical tensions between Russia and the West could further dampen business and consumer confidence in the Eurozone. Draghi reaffirmed the central bankâs commitment to monetary stimulus, vying to do whatever it takes to get the Eurozone growth engine back on track.
Draghi was in Lithuania to deliver a keynote speech about the benefits of Eurozone accession. Lithuania is the latest country to join...
Analysis and Opinion » Sterling Moves Higher Ahead of Referendum; MACD...Posted Sep 18th, 2014 at 11:02 AM
The GBP/USD moved higher on Thursday and is holding on to gains as Scotland's historic referendum on independence gets underway. Results will start to come through from early Friday morning. Analysts...
Analysis and Opinion » Sterling Moves Higher on Strong Jobs Data; MACD...Posted Sep 17th, 2014 at 10:51 AM
Sterling knee jerked higher, but settled down and reversed its post-data gain, which saw sterling log a two-week high at 1.6340 before ebbing back to the 1.6300 area, leaving a low so far at 1.6286....
Forex » Surprise Fall In UK UnemploymentPosted Sep 17th, 2014 at 08:56 AM
The official Unemployment Rate in the UK has taken a surprise fall according to the latest data just released by the National Statistics office. The July ILO Unemployment Rate has come in at just...
Business » UK Employment Report on DeckPosted Sep 17th, 2014 at 01:53 AM
The Office for National Statistics will release its monthly employment report on Wednesday, providing key insights about UK employment and average earnings growth. The report is expected to show the...
Forex » Cable under Pressure as Scottish Independence...Posted Sep 4th, 2014 at 08:40 PM
The British pound was once again on the defensive Thursday, falling to fresh 2014 lows against the US dollar as the possibility of Scottish independence weighed on the currency. The...
Analysis and Opinion » Sterling Steady Ahead of Jackson Hole; RSI is...Posted Aug 22nd, 2014 at 11:25 AM
The GBP/USD is trading in a tight range ahead of the speeches Friday at the Jackson Hole conference. Cable is hovering near 1.6570, below yesterday's 1.6602 peak. EUR/GBP is also steady in the low...
Forex » Cable Holds Ground Following Mixed Retail Sales DataPosted Aug 21st, 2014 at 05:36 PM
The British pound was little changed against the US dollar on Thursday, as investors shrugged off mixed UK retail sales figures following news the Bank of England was divided on how to proceed with...
Forex » Sterling Finds Support after First MPC Split Vote...Posted Aug 20th, 2014 at 04:21 PM
The British pound strengthened on Wednesday after the Bank of England said two policymakers voted to increase interest rates this month, marking the first split vote on interest rates in more than...
Forex » UK Industrial Orders Rise SharplyPosted Aug 20th, 2014 at 10:24 AM
The Confederation of British Industry has announced a sharp rise in itâs Industrial Trends Total Orders indicator for the month of August. In what is a strong sign that the UKâs manufacturing...
Forex » Sterling falters as short-term outlook dimsPosted Aug 8th, 2014 at 06:28 AM
The British pound continued to slide Thursday, outweighed by a resurgent greenback that has advanced swiftly over the past three weeks. The sterling, whose meteoric drop the past three weeks has made...
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