{"id":20255,"date":"2019-09-12T10:06:41","date_gmt":"2019-09-12T09:06:41","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/?p=20255"},"modified":"2020-05-12T10:55:54","modified_gmt":"2020-05-12T09:55:54","slug":"sterling-remains-steady","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/sterling-remains-steady\/","title":{"rendered":"Sterling Remains Steady"},"content":{"rendered":"

Sterling extended its short-term recovery against the EUR and remained steady against the USD on Wednesday, as investors continue to hope a \u2018no deal\u2019 Brexit can be avoided on the 31st October….<\/span><\/p>\n

Sign up to our free newsletters<\/a><\/strong><\/p>\n

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RationalFX<\/strong><\/p>\n

\n

Support for the GBP stemmed from a ruling by a Scottish court that the Government acted unlawfully when they prorogued Parliament on Monday.<\/p>\n

This was a surprising outcome, as the initial decision last week ruled in favour of the Prime Minister.<\/p>\n

An appeal will begin next week in the Supreme Court to achieve a final ruling. If the government are found to have unlawfully prorogued Parliament, we could see Parliament reconvene as soon as next week.<\/p>\n

German Chancellor, Angela Merkel, also mentioned on Wednesday that the UK still has every chance of leaving the EU with a deal at the end of next month, and that the German government will do everything it can to make it possible \u2013 right up to the last day.<\/p>\n

EUR<\/strong><\/p>\n

The EUR fell to a one week low against the USD and a six week low against the GBP on Wednesday, as markets prepare for Thursday\u2019s ECB meeting.<\/p>\n

The European Central Bank are expected to add further stimulus in a bid to boost the region\u2019s economy.<\/p>\n

It has been reported that ECB policymakers are considering a revival package that includes a rate cut, a promise to keep rates low for longer and compensation to bank due to any side-effects of negative rates. Should the ECB not live up to markets dovish expectations this week, we could see a rebound in the EUR.
\nKey Announcements <\/strong><\/p>\n

07:00 \u2013 EUR \u2013 Harmonized Index of Consumer Prices (YoY) (Aug).<\/p>\n

12:45 \u2013 EUR \u2013 ECB Deposit Rate Decision.<\/p>\n

12:45 \u2013 EUR \u2013 ECB Interest Rate Decision.<\/p>\n

13:30 \u2013 EUR \u2013 ECB Monetary Policy Statement and Press Conference.<\/p>\n

13:30 \u2013 USD \u2013 Consumer Price Index ex Food & Energy (YOY) (Aug); expected to rise to 2.3% from 2.2%.<\/p>\n

13:30 \u2013 USD \u2013 Consumer Price Index ex Food & Energy (MOM); expected to fall from 0.3% to 0.2%.<\/p>\n

Source : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

Sterling extended its short-term recovery against the EUR and remained steady against the USD on Wednesday, as investors continue to hope a \u2018no deal\u2019 Brexit can be avoided on the 31st October….<\/p>\n","protected":false},"author":4,"featured_media":18258,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[320],"tags":[322,321,278],"class_list":["post-20255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-analysis","tag-gbp","tag-rationalfx","tag-sterling"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/20255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=20255"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/20255\/revisions"}],"predecessor-version":[{"id":20257,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/20255\/revisions\/20257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/18258"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=20255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=20255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=20255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}