Europe

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Pound Rate Gained Boost Against Euro And Dollar

Heading into the weekend, buying US Dollar, Euro and the Australian Dollar exchange rates received a boost. This appears to be a reaction of Article 50 being triggered. Let’s not forget to mention that the European response probably affected the rates, too. People who follow this site probably know that when Article 50 was triggered last Wednesday didn’t really overwhelm the currency markets. A good example of this is the Pound to Euro exchange rates. Those rates were pretty slow throughout the day, which one may not have expected because there has been talks about triggering Article 50 for months….

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5 Years Eurozone Growth And Brexit Issues

Published the other morning, Eurozone Growth showed the most impressive level in over five years according to the latest Market Composite Purchasing Manager’s Index. This is a reading that came in at 56.7 over the previous month at 56 and anything that is above 50 shows growth. Article 50 is coming soon and the timing of the data release is really highlighting all of the risk the UK is facing after officially announcing the withdrawal from the European Union. We are certainly opening ourselves up to about two years of negotiations with the 27 of the member states, which means…