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EUR/GBP Exchange Rate Rises as UK Economic Outlook Remains Uncertain The Euro Pound (EUR/GBP) exchange rate rose by 0.4% after UK retail sales slowed in May after April’s strong surge following the easing of the UK’s lockdown measures. The pairing is currently fluctuating around £0.86. CBI economics commented on the data: ‘Retailers reported sales volumes as being broadly average for the time of year in May, and they expect volumes to remain in line with seasonal norms next month.’ As a result, GBP investors have become more cautious about the outlook for the British economy, as the ...

EUR/GBP Exchange Rate Rises on Positive Eurozone Economic Morale The Euro Pound (EUR/GBP) exchange rate rose today following the publication of the latest German ZEW survey of economic sentiment for May. The figure beat forecasts rising to 84.4. The pairing is trading around €0.85 at the time of writing. The EUR/GBP exchange rate benefited from growing confidence in the Eurozone’s largest economy. Germany’s economic situation has significantly improved over the last few months, boosting the outlook for the bloc’s economy as a whole. ZEW president Professor Achim Wambach commented on t...

April 14, 2021 - Written by John Cameron GBP/JPY Exchange Rate Rises as US Economic strength Weighs on Appeal for Japanese Yen The Pound Japanese Yen (GBP/JPY) exchange rate rose by 0.3% today as strong US economic growth has weakened demand for the Japanese currency. The pairing is currently trading around ¥150.30. Bank of Japan (BoJ) Governor Haruhiko Kuroda was optimistic about the weaker Japanese Yen, however, saying that it could help Japanese manufacturers as profits would increase from overseas. Analysts at Reuters commented: ‘Many Japanese manufacturers now produce goods they sell...

The council’s community engagement found that 76% of people who filled in the online feedback form on the proposed rate changes opposed the proposed new rates structure. In the former Marrickville council area, where rates are set to rise the highest, some people will be paying up to 50% more. “People are upset because the forced amalgamation of Marrickville, Leichhardt and Ashfield Councils has brought in a less representative Council, poorer services and now proposed higher rates, especially for residents of the former Marrickville Council area,” Pip Hinman, an organiser of the bicycl...

EUR/AUD Exchange Rate Rises as Eurozone GDP Data Suffers in Fourth Quarter The Euro to Australian Dollar exchange rate rose by 0.2% today, with the pairing currently fluctuating around AU$1.58. The EUR/AUD exchange rate edged higher today despite news that Europe’s slower Covid-19 vaccine rollout could result in a slower recovery for the Eurozone’s economy. Sam Miley, economist at the Centre Economics and Business Research, explains: ‘This downward pressure on economic output looks set to continue in early 2021 due to the clampdown on new, more virulent strains of coronavirus, while sub...