https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
, Economic data in focus: This is why the euro is dropping somewhat – British pound still under pressure | message, Forex-News, Forex-News
Bitcoin
$31,968.17
-2700.84
Ethereum
$1,175.61
-132.93
Litecoin
$137.26
-6.3
DigitalCash
$99.07
-14.12
Monero
$131.37
-16.85
Nxt
$0.01
0
Ethereum Classic
$7.16
-0.71
Dogecoin
$0.01
-0

Economic data in focus: This is why the euro is dropping somewhat – British pound still under pressure | message

6
, Economic data in focus: This is why the euro is dropping somewhat – British pound still under pressure | message, Forex-News, Forex-News


, Economic data in focus: This is why the euro is dropping somewhat – British pound still under pressure | message, Forex-News, Forex-News

In the afternoon, the common currency, the euro, was trading at US $ 1.2102. It was thus slightly lower than in the morning. The European Central Bank (ECB) set the reference rate at $ 1.2114 (Monday: 1.2128). The dollar cost 0.8255 (0.8245) euros.

, Economic data in focus: This is why the euro is dropping somewhat – British pound still under pressure | message, Forex-News, Forex-News

advertising

Trade currencies with leverage up to 30 now

Trade forex with high leverage and small spreads. With only 100.00 you can benefit from the effect of 3,000 euros in capital!

76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Surprisingly good economic data from Germany hardly affected the euro. The economic expectations collected by the Center for European Economic Research (ZEW) rose faster than expected. The announcement of vaccine approvals soon allows the experts to look to the future with more confidence, said ZEW President Achim Wambach. The assessment of the current situation, on the other hand, clouded over in the face of new corona restrictions.

On the other hand, the British pound came under pressure again. There is still no agreement on a Brexit trade pact between Great Britain and the European Union (EU). After two phone calls between British Prime Minister Boris Johnson and EU Commission President Ursula von der Leyen failed to bring about a breakthrough, hopes rest on a meeting between the two politicians in the next few days.

The pound recovered temporarily in the afternoon. The British government agreed to delete or amend controversial passages in a bill that had caused a lot of resentment in Brussels. However, the pound quickly came under pressure again. Voices from the German and Irish governments were rather skeptical about the prospects of success of the negotiations.

For other major currencies, the ECB set the reference rates for one euro at 0.91143 (0.91215) British pounds, 126.18 (126.30) Japanese yen and 1.0781 (1.0802) Swiss francs. The troy ounce of gold (31.1 grams) was trading at $ 1,868 that afternoon in London. That was about $ 5 more than the day before.

/ jsl / bgf / men

FRANKFURT (dpa-AFX)

Image Sources: Route66 / Shutterstock.com



, Economic data in focus: This is why the euro is dropping somewhat – British pound still under pressure | message, Forex-News, Forex-News

Get real time updates directly on you device, subscribe now.

, Economic data in focus: This is why the euro is dropping somewhat – British pound still under pressure | message, Forex-News, Forex-News

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More