Could fresh ECB dovishness drive euro lower?
After the decline seen in yesterday’s German and French consumer confidence indexes the euro could struggle to return to a positive footing today.
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After the decline seen in yesterday’s German and French consumer confidence indexes the euro could struggle to return to a positive footing today.
As Theresa May finally conceded that her proposed Brexit deal lacks sufficient support from MPs the pound came under renewed pressure.
At the end of last week the euro slipped following the release of a disappointing flash German manufacturing PMI.
Positive UK data was quickly overshadowed by Brexit anxiety yesterday, with GBP exchange rates falling to fresh weekly lows ahead of Theresa May’s mee
The mood towards the pound could improve today if the Bank of England’s (BoE) March meeting minutes show signs of optimism.
GBP exchange rates could find a rallying point this morning if February’s UK consumer price index data proves encouraging.
Brexit uncertainty looks set to keep the pound under pressure today, with tensions mounting ahead of the 29th March deadline as House of Commons Speak
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