Sterling briefly rallies on hopes for Irish backstop breakthrough

GBP to EUR daily

GBP to EUR daily

That's not a surprise, as we have so much drama when it comes to the Brexit.

On the flip side, any meaningful pullback now seems to find immediate support near the 1.3035 area, which is closely followed by the 1.30 handle and the 1.2980-75 region (200-DMA).

NZD may even be in for further weakness if upcoming United States inflation and Federal Reserve meeting minutes news impresses investors and dampens risk-sentiment. Manufacturing is now at its highest level since April 2008'.

We've had quite some chatter today about Brexit. The Pound to Euro (GBP/EUR) exchange rate is trading at levels of 1.1632.

While the Pound's movement has been limited on uncertainty over whether a Brexit will be delayed or not, the New Zealand Dollar has been unappealing recently.

The EU is seemingly set to offer Britain a delay until the end of the year which has been more or less priced into the Pound already, but this is keeping investors concerned about the long-term uncertainty that another Brexit delay would bring.

As a result, the Pound has been unable to benefit from this morning's stronger than expected United Kingdom growth data.

However, some analysts noted that growth uncertainties persisted and part of the stronger growth was due to Brexit stockpiling.

Samsung users in the US moving to Google Pixel, OnePlus: Counterpoint Research
The OnePlus 6T is the cheaper of the two handsets, starting at just £529 and is certainly one of the best value smartphones you can get your hands on.

However, the report came amid other mixed U.S. ecostats, indicating that the United States economy may be being negatively impacted by slowing global growth.

Unconfirmed market rumor that Germany would consider a five-year backstop limit.

Investors have been selling the United States currency from its best levels since the end of last week, and due to a combination of risk-sentiment and anticipation for upcoming USA news the currency has remained unappealing.

For now, US Dollar investors are highly anticipating US data and Federal Reserve news due later today.

Against the euro, the pound strengthened 0.3 percent to 86.04 pence.

While British Prime Minister Theresa May was due to travel to Berlin and Paris on Tuesday ahead of Wednesday's European Union summit in Brussels, British lawmakers will hold a 90-minute debate on her proposal to delay Britain's European Union departure date to June 30 from April 12.

The EU's chief negotiator Michel Barnier said that the duration of the further postponement beyond the current date of April 12 would depend on the justification given by May.

US Dollar investors are anticipating this afternoon's US inflation rate results, which are expected to have improved slightly.

Recommended News

  • Lori Loughlin reportedly 'got fixated' on getting daughters into USC

    Lori Loughlin reportedly 'got fixated' on getting daughters into USC

    We're not saying that Loughlin was right to bribe and commit fraud and money laundering, but there are murderers who do less time. Huffman has agreed to plead guilty to one count of conspiracy to commit mail fraud and honest services mail fraud.
    Five things to know about the Ontario budget

    Five things to know about the Ontario budget

    Concerning to him is the cap on health care spending , which could leave already struggling hospital budgets in even worse shape. Finance officials said that information will come out when the government tables its spending estimates in the next few weeks.
    Leader of Movement to Boycott Israel Is Denied US Entry

    Leader of Movement to Boycott Israel Is Denied US Entry

    A State Department official told NPR, "Visa records are confidential under USA law; therefore, we can not discuss the details of individual visa cases".
  • Hillary Clinton: Assange must 'answer for what he has done'

    Hillary Clinton: Assange must 'answer for what he has done'

    Assange was arrested after Ecuador revoked the political asylum that had kept him holed up at the embassy for almost seven years. Newly arrested WikiLeaks founder Julian Assange needs to "answer for what he has done", Hillary Clinton said on Thursday.
    Raiders reportedly could take first-round QB, 'very high' on Dwayne Haskins

    Raiders reportedly could take first-round QB, 'very high' on Dwayne Haskins

    CBS Sports, meanwhile, projects Penn State's Miles Sanders for the 87th overall pick, which we've seen before . According to Michael Middlehurst-Schwartz of USA Today, 23 players will attend the draft.
    Barr challenged on Trump exoneration question

    Barr challenged on Trump exoneration question

    Democrats said they were concerned that Barr's letter portrayed the investigation's findings in an overly favorable way for Trump. Some Democratic lawmakers have gone so far as to accuse Barr of " hiding the ball " or perpetrating a " cover-up ".
  • Israel Folau's career still in limbo after meeting with Rugby Australia, Waratahs

    Israel Folau's career still in limbo after meeting with Rugby Australia, Waratahs

    Folau, who was embroiled in a similar row a year ago , will be fired barring any "compelling mitigating factors", Castle announced on Thursday.

    PNG to connect via Australia-China internet cable

    On the Sydney to Hong Kong leg, H2 will have a capacity of 15 tbps per fibre pair with an onwards connection to China. The development of the society by the observable increment of access to the accessibility of the internet in PNG.
    UK store withdraws chocolate ducklings over racism complaint

    UK store withdraws chocolate ducklings over racism complaint

    A United Kingdom grocery store has apologized for its Easter chocolate range that received a complaint for being racist. The Facebook group Feminist Friends Nottingham received an outpouring of complaints from several women shoppers.
  • Burglar Turns Out to Be 'Very Thorough' Vacuum

    Burglar Turns Out to Be 'Very Thorough' Vacuum

    Police responded and appeared at the house minutes later with a full dog squad, reporting "rustling" coming from the bathroom . Danny DiPietro says this encounter was his first " Roomba burglar " in 13 years on the job. "Never had anything like this".
    Chelsea need to give defender Cesar Azpilicueta a rest against Slavia Prague

    Chelsea need to give defender Cesar Azpilicueta a rest against Slavia Prague

    After the training I went immediately to work because I wanted to see the last match of Slavia. Of course, if at the end of the first half we were 1-0, I wouldn't have used him'.
    Grizzlies fire coach Bickerstaff

    Grizzlies fire coach Bickerstaff

    The Grizzlies reached the playoffs seven straight years before missing in each of the past two seasons. If that's the direction the franchise takes, it will be spearheaded by a new front office.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.