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Pound Dragged Down by Manufacturing Data, Brexit Headlines

The Great Britain pound slumped on Monday, dragged down by the mix of surprisingly poor manufacturing data and yet more Brexit headlines that suggested the United Kingdom is likely to leave the European Union without a trade deal.

Euro Mostly Little Changed Despite Dismal Manufacturing PMIs

The euro was little changed for the most part on Monday. While the currency fell versus some of its rivals, it managed to gain on the Great Britain pound. Overall, the euro’s performance was fairly good considering that manufacturing indices were rather bad in the most regions of the eurozone, except for France, as well as in the whole eurozone itself.

Great Britain Pound Performs Decently Under Pressure from Negative Fundamentals

The Great Britain pound was soft against its most-traded rivals today. Yet it performed not nearly as bad as one could expect considering unimpressive macroeconomic indicators and ever-increasing chances of a hard Brexit. In fact, the sterling even managed to gain on the extremely weak euro.

Euro Attempts to Hold Ground amid Clashing Fundamentals

The euro was relatively firm today, though the currency fell against some of its rivals, most notably the extremely strong Great Britain pound. Fundamentals clashed, with positive macro releases pushing the currency up but the dovish stance of the European central bank driving it down.

Euro Mixed After German PPI Rises Unexpectedly

The euro was mixed against other currencies despite macroeconomic data in Germany was better than expected.

Euro Firm Even as Inflation & Current Account Miss Expectations

The euro was firm against other most-traded currencies today despite rather weak domestic macroeconomic data released over the trading session. The currency has trimmed its gains versus the US dollar by now but otherwise remained strong.

Surprising Growth of Britain’s Retail Sales Bolster Sterling

The Great Britain pound gained against other most-traded currencies today after Britain’s retail sales rose unexpectedly last month. The threat of a no-deal Brexit continues to hang over the currency, but the sterling largely ignored it today, paying more attention to the positive data.

Sterling Suffers from Rising Chances of No-Deal Brexit

The Great Britain pound slumped against all other most-traded currencies today amid concerns that chances for a no-deal Brexit increase. And a hard Brexit can deal a serious blow to Britain’s economy. The currency was trading at the lowest level in about two years.

Euro Weakens As ECB Signals September Rate Cut, More QE

The euro fell to a two-year low against some of its major currency rivals on Thursday after the European Central Bank (ECB) left interest rates unchanged but prepared investors for additional easing in the fall. President Mario Draghi essentially maintained a sour outlook on the eurozone economy, suggesting that the ECB needs to maintain and deliver a “highly accommodative” policy even when Christine Lagarde becomes the new head.

Pound Ends Week Weakest amid Brexit Fears, Domestic Data Fails to Boost Currency

The Great Britain pound ended the week as the weakest currency on the Forex market. While the sterling got some help from domestic macroeconomic data, Brexit fears continued to hurt the currency. The US dollar and the euro were also soft. Commodity currencies were clear winners during the past trading week.

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