Currency Updates

What has been behind the recent decline in EUR/USD?


hat has been behind the recent decline in EUR/USD? May suffered another Brexit defeat while continuing talks with EU leaders over the NI backstop.

Written by

Matthew Ryan


Dollar hits 3 months highs on solid US inflation news. Brexit uncertainty, weak GDP growth and underwhelming inflation reduce the chances of a hike.
Matthew Ryan 14 Feb 2019

May asks for more time, Carney warns of no deal ‘shock’. Renewed hopes of a US-China trade deal caused safe havens to lose ground.
Matthew Ryan 13 Feb 2019

Pound slides as UK growth falls to 6 year low. May is to present the progress she has made with the EU today, but hopes are not high.
Matthew Ryan 12 Feb 2019

Dollar bounces back on lack of trade talk progress, Eurozone weakness. UK Parliament to vote on Brexit amendments on Thursday, likely to be delayed.
Enrique Díaz-Álvarez 11 Feb 2019

Bank of England hints at rate hike under orderly Brexit. Weak German industrial production numbers drag Euro down further.
Matthew Ryan 8 Feb 2019

How will today’s Bank of England meeting impact Sterling? Comments from the Reserve Bank of Australia hint at a rate cut in 2019.
Matthew Ryan 7 Feb 2019

Pound sinks on weak PMI data and Brexit uncertainty. The Euro failed to gain on updated revisions of crucial composite index figures.
Matthew Ryan 6 Feb 2019

US Dollar gains as investors unwind bearish FOMC bets. Sterling briefly appreciated on Monday afternoon on positive no deal Brexit news.
Matthew Ryan 5 Feb 2019

Dovish Fed boosts EM currencies as Sterling plummets on hard Brexit fears. Nissan announces that it's cancelling plans to manufacture in the UK.
Enrique Díaz-Álvarez 4 Feb 2019

Euro slides as Italy enters into first recession in 5 years. Sterling slides as the latest PMIs suggest that Brexit is having an impact on UK businesses.
Matthew Ryan 1 Feb 2019

Federal Reserve signals rate hike cycle may be at an end. Theresa May returns to EU leaders to find an alternative to the NI ‘backstop’.
Matthew Ryan 31 Jan 2019

Pound slides as MPs vote in favour of renegotiating NI ‘backstop’. The Fed will release it’s latest policy announcement this evening.
Matthew Ryan 30 Jan 2019

US Dollar eases back ahead of Fed meeting. MPs to vote on amendments to Theresa May’s Brexit bill today, with any strong support likely to move Sterling.
Matthew Ryan 29 Jan 2019

End of US government shutdown provides no help for Dollar. Another dovish statement from Draghi lowers expectations of an interest hike for the EU.
Enrique Díaz-Álvarez 28 Jan 2019

Euro lower after ECB states growth risks ‘moved to the downside’. Support for the Pound on news that the DUP could back May’s Brexit plans.
Matthew Ryan 25 Jan 2019