The Euro to Pound Sterling (EUR/GBP) exchange rate strengthened by around 0.26% on Monday morning.
After German Trade Balance eclipsed expectations, the single currency advanced versus the majority of its most traded currency peers. The advanced has been somewhat laboured, however, whilst traders await Eurozone Investor Confidence data.
The Pound, meanwhile, is generally trending lower versus most of its major peers as a result of Bank of England Governor Mark Carney’s speech ahead of a meeting of G20 finance ministers and central bankers. Carney admitted he was worried about reform fatigue globally, and some speculate he fears that it will have a negative impact on the UK; although he did not intimate those fears himself.
Read more at Click here / www.trade4x.net
After German Trade Balance eclipsed expectations, the single currency advanced versus the majority of its most traded currency peers. The advanced has been somewhat laboured, however, whilst traders await Eurozone Investor Confidence data.
The Pound, meanwhile, is generally trending lower versus most of its major peers as a result of Bank of England Governor Mark Carney’s speech ahead of a meeting of G20 finance ministers and central bankers. Carney admitted he was worried about reform fatigue globally, and some speculate he fears that it will have a negative impact on the UK; although he did not intimate those fears himself.
Read more at Click here / www.trade4x.net
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