Create Account

Sterling receives overnight boost

Loading exchange rates…

The British pound received an overnight boost following the OECD’s statement that a no-deal Brexit would cause the UK economic growth to fall by 3%. The GBP/USD got closer to the 1.26 handle – marking the highest point the Cable has reached since mid-July with the sterling is now being traded at $1.2576 against the U.S. dollar. 


EU Commission President Jean-Claude Juncker’s comments gave hope for a deal-Brexit, as he told Sky News ‘we can have a deal’ on Brexit. Juncker insisted that he will try to secure a deal before the deadline. Britain’s Brexit minister Steve Barclay will be meeting the EU chief negotiator Michel Barmier on Friday. The Cable now sits over the 1.2500 mark.     


Furthermore, the EUR/USD opened the market at 1.1045, and was last traded at 1.1059. Traders will be waiting the Eurozone’s preliminary Consumer Confidence index for September, which is estimated to result at -7. The pair is increasing to 1.1056, up by 0.14%, and remained stable despite the Fed’s rate cut. 


Investors are keeping in mind the latest FOMC event and have started to shift their attention on the dispute between the U.S. and China. Friday will be the second day of a two-day meeting between U.S. and Chinese officials that is set to lay the basis for further trade talks between the two giant nations in October.   

Euro’s slide slows as French bond markets stabilise

The Euro was on track for a fifth consecutive weekly decline on Friday, although signs emerged that selling pressure was easing as France’s bond market stabilised and falling US Treasury yields tempered the Dollar’s rally.
Click here

Pound dips as markets await Bailey’s rate clues

The British Pound edged lower against both the US Dollar and Euro on Thursday, as investors awaited a speech by Bank of England Governor Andrew Bailey that could provide clues about the central bank’s next interest rate decision.
Click here

Dollar advances as oil tops $100 and Fed takes centre stage 

The US Dollar edged higher on Wednesday, supported by rising oil prices, as investors awaited the Federal Reserve’s meeting minutes and comments from policymakers for clues about the outlook for interest rates.
Click here

Euro rout deepens as France’s fiscal risks intensify

The Euro fell sharply on Monday to a 17-month low as mounting fiscal concerns in France, coupled with a severe sell-off in the bond market, raised fears of contagion across the region.
Click here

Greenback surges to 17-month high as bond selloff rattles Euro

The US Dollar was on track for a third consecutive weekly gain on Friday, supported by a global bond selloff fuelled by inflation concerns over higher oil prices and mounting worries about France’s fiscal position. Meanwhile, the Euro remained near a 17-month low.
Click here

Dollar hits fresh three-month high as yields support greenback

The US Dollar climbed to a more than three-month high on Thursday, underpinned by a sustained rise in US Treasury yields. The increase in yields has been partly fuelled by concerns that the US-Israeli conflict with Iran could keep global price pressures elevated.
Click here

create account

Corporate Client
Private Client

Contact Us

deVere FX Queries

6th Floor, ABSA house,
Ebene Cybercity,
Mauritius,

J. Balcikonio str. 9,
LT- 08314, Vilnius,
Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.

Enquiries

deVere FX Queries

6th Floor, ABSA house,
Ebene Cybercity,
Mauritius,
J. Balcikonio str. 9,
LT- 08314, Vilnius,
Lithuania,

media contact

About

deVere Group – Foreign Exchange’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines.

Contact

Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Group – Foreign Exchange’s Head of Public Relations on [email protected] or call +44 2071220925.