currency

Sterling could fall further against euro and dollar on UK's woes

MUFG's Derek Halpenny warns of the risk that growth will not be able to withstand many further rate hikes

Sun, 06 Nov, 2022

NerdWallet Kimberly Palmer Automate Financial Tasks

Oliver Mangan: Difficult to see major losses for the dollar any time soon

The Fed's aggressive policy of sustained rate hikes make an imminent reversal in the dollar's fortunes difficult to envisage

Mon, 24 Oct, 2022

--File--A Chinese clerk counts US dollar and RMB (renminbi) yuan bills at a bank in Huaibei, east Chinas Anhui province, 26 Apri

China’s yuan slides to 14-year low against dollar after US rate hikes

China’s yuan has fallen to a 14-year low against the dollar despite central bank efforts to stem the slide after US interest rate hikes prompted traders to convert money into dollars in search of higher returns.

Wed, 28 Sep, 2022

Irish tourism and small exporters face into sterling storm

Irish experts fear that the fright taken by financial markets reflects fears that the British economy is heading toward a prolonged recession

Mon, 26 Sep, 2022

JP Morgan Bank: Euro could fall to 95 cents against dollar if gas crisis persists

The euro risks falling to 95 US cents by the end of December and sterling could fall to $1. 14, its lowest in more than two years, if a gas supply crisis this winter continues to weigh on economies, according to JP Morgan Private Bank.

Tue, 23 Aug, 2022

'Silver lining' for Irish tourism despite euro sliding to $1 parity against dollar

The tourism outlook is much more uncertain as the global cost-of-living crisis unfolds, according to the Irish Tourism Industry Confederation.

Wed, 13 Jul, 2022

Oliver Mangan: Mighty dollar has upper hand against euro in era of interest rate hikes

We saw another period of big moves across financial markets in recent days, with growing fears of recession the main catalyst.

Mon, 11 Jul, 2022

Sterling and British shares brace for further political turmoil for Johnson

British financial markets were braced for more political uncertainty, with investors keen to see if the new chancellor of the exchequer loosens the purse strings and wondering whether Prime Minister Boris Johnson will survive an exodus of support.

Wed, 06 Jul, 2022

DAX Market Reaction As Boris Johnson Battles to Deliver Brexit

Euro slides to 20-year low against dollar on fears of spiralling gas prices

One strategist said: "We have had so many central banks hiking in these big increments that you are now getting talk of reverse currency wars."

Tue, 05 Jul, 2022

Oliver Mangan: The dollar's strength is giving it a distinct advantage over other currencies

The dollar has soared over the past year, climbing by 17% on a trade-weighted basis against a basket of peers. Higher rates are giving the dollar a distinct advantage over other currencies.

Mon, 27 Jun, 2022

Analysis: Risk of messy trade war adds to woes for British currency

While the challenges facing the UK economy are broadly similar to others, a few factors additionally weigh on the pound, writes Saikat Chatterjee.

Wed, 18 May, 2022

Boris Johnson Makes Visit to His Constituency In South Ruislip

Oliver Mangan: Sterling slides as economic outlook in Britain deteriorates

The Bank of England believes the UK's unemployment rate will climb from 3.6% to 5.5% over the next three years

Mon, 09 May, 2022

Oliver Mangan: Euro may move towards parity with the dollar

The euro is likely to test its lowest point of the past 20 years too, of $1.04, hit at the end of 2015

Mon, 02 May, 2022

Russian currency crashes 14% on new bank sanctions over Ukraine invasion

Markets signalled that Irish households and businesses face continuing rises in energy bills through the summer

Mon, 28 Feb, 2022

Reasons why the euro may be on a winning streak

The euro’s resilience in January, after delivering the worst annual loss in six years, may be just the beginning of a broader recovery as various indicators signal a more supportive backdrop for the currency. The euro climbed to as high as $1.

Thu, 20 Jan, 2022

Sterling likely to rise, not fall, should Johnson resign

"Currencies tend to like strong leaders," said Jane Foley, the head of foreign-exchange strategy at Rabobank in London.

Thu, 13 Jan, 2022

File Photo Ryanair has reported a record annual after-tax loss of €815m today after Covid-19 restrictions forced it to scrap ove

'It's déjà vu all over again' - Airline shares bear brunt of huge Covid sell-off

Global shares tumbled and currency markets shuddered on rising fears of a new Covid strain potentially setting back all progress the world has made over the past 20 months

Fri, 26 Nov, 2021

Oliver Mangan: ECB holding its line on interest rate hikes set to keep euro low

Expectations in regard to interest rates are having a perceptible impact on currency markets.

Mon, 22 Nov, 2021

Weaker euro could boost small Irish exporters

A continued weakening of the euro could provide a boost to small Irish export companies, but volatility in the currency markets may still have the potential to produce trading headwinds, a leading trade expert has said.

Fri, 19 Nov, 2021

Nigeria launches digital currency

Nigeria has launched a digital currency which the Central Bank of Nigeria says is a “major step forward in the evolution of money” in Africa’s most populous country.

Mon, 25 Oct, 2021

A machine counts and sorts out euro notes at the Belgian Central Bank in Brussels

John Fahey: Negative interest rates will likely weigh on the euro for some time

The relatively compact currency trading ranges come against a backdrop of all the main economies experiencing a rebound in growth amid an easing of Covid-19 restrictions

Mon, 30 Aug, 2021

Oliver Mangan: German and French elections may weigh on euro

The main currency pairs have been confined to remarkably tight trading ranges in recent times. Virtually all the movement in the key euro-dollar exchange rate has been in the $1. 17-$1. 23 corridor over the past year.

Mon, 28 Jun, 2021

British Treasury and Bank to explore potential for digital pound

Digital currencies are already being explored or even implemented in several other countries.

Mon, 19 Apr, 2021

GERMANY-STOCKPHOTO-BITCOIN-CRYPTOCURRENCY

Bitcoin surge raises risk of speculative bubble to new level

The rush in 2021 by retail and institutional investors comes on top of a 300% rise last year as investors searched for high-yielding assets

Tue, 16 Feb, 2021

Golden Bitcoin Coin and mound of gold on black background

Coining it: Are cryptocurrencies the future of money or just bit players?

Bitcoin saw its price surge after electric car giant Tesla invested €1.5bn in the cryptocurrency. But is it another temporary market spike or will we soon all be using it in our transactions, asks Pádraig Hoare

Sat, 13 Feb, 2021

Peter Brown: How to make money investing in shares during a pandemic

As with all good investing, any strategy that involves making money from stock markets in 2021 must consider the economic outlook but I would argue that in terms of impact, Covid-19 may be further in the rear-view than some investors think.

Thu, 31 Dec, 2020

Sterling rallies on Brexit deal but is still close to its year low

As the dust settles over the Brexit trade deal, sterling is still trading close to its lowest levels of 2020, suggesting that the economic costs facing Britain from the Covid-19 crisis are weighing on currency investors.

Tue, 29 Dec, 2020

Irish Examiner view: Sweden may scrap hard currency

Sweden’s government is considering moving the country to a digital currency, marking another step into the unknown for the world’s most cashless society

Mon, 14 Dec, 2020

For Irish businesses, all eyes on sterling through Sunday on Brexit talks

On the eve of the Brexit referendum in June 2016, sterling was trading at around 74 pence against the euro.

Fri, 11 Dec, 2020

Oliver Mangan: Euro may fall only to 86p if Brexit deal is done soon

But the UK currency could fall sharply if it becomes clear that we are heading for no trade deal

Mon, 23 Nov, 2020

Sterling at 90 pence against euro could remain steady if Brexit deal is done

Sterling continues to trade in a narrow 90p to 91p range against the euro which suggests investors expect a deal to be agreed

Mon, 09 Nov, 2020

Sterling traders bet Brexit trade deal will be done, despite the brinkmanship

Sterling traders who have grown used to Brexit brinkmanship between London and Brussels are making two assumptions: There’ll probably be a trade deal, and US elections matter more right now.

Fri, 09 Oct, 2020

Bank of Ireland's new Dublin headquarters

ECB 'needs to be preparing' for switch to digital euro currency, according to Italian board member

In a study, the ECB said a digital euro could help in scenarios where citizens abandoned cash, foreign forms of electronic money took over, or other means of payments became unavailable.

Fri, 02 Oct, 2020

Sterling back on roller-coaster against euro on Brexit reports

Sterling is the most erratic among the Group-of-10 nations after Norway’s krone.

Thu, 01 Oct, 2020

Oliver Mangan: Euro-sterling parity looms if Brexit talks fail

Ireland is stepping up preparations for a hard Brexit, where the UK would move to trading under World Trade Organisation rules from the start of next year

Mon, 21 Sep, 2020

Oliver Mangan: Federal Reserve shifts the focus onto US jobs and away from inflation

The Fed has a dual mandate of maintaining stable prices while maximising employment, writes Oliver Mangan

Mon, 07 Sep, 2020

Oliver Mangan: Sterling cannot rely on Brexit deal for boost

Little progress is being made in the EU-UK trade talks even as the clock ticks down towards the end of the Brexit transition period in December.

Mon, 31 Aug, 2020

Traders mull extent of huge sterling rally, if Brexit deal were agreed

Irish shares followed the volatile fortunes of sterling as markets focused on whether Boris Johnson will secure political support for any Brexit deal.

Wed, 16 Oct, 2019

Sterling rout also means slide in Irish bank shares

In the coming days, markets may probe and call the bluff on Boris Johnson's threat to crash Britain out of the EU, setting up a full-blown currency crisis well before the Brexit deadline he has set to get out with or without a transition deal by Halloween.

Sun, 11 Aug, 2019

No let up for Brexit-hit sterling after ‘relentless’ fall

Sterling was set for a record 10th week of consecutive losses against the euro as weak UK data and the growing possibility of British interest rate cuts in the event of a chaotic Brexit kept investors sidelined.

Fri, 12 Jul, 2019

The threat of Brexiteer Boris as prime minister haunts Irish shares

Sterling slipped further and Irish shares fell sharply as fears of investors rose that the political turmoil in the UK will lead to Boris Johnson becoming leader, and Britain crashing out of the EU without a deal.

Thu, 23 May, 2019

May's loosening grip on power sends sterling plummeting and sinks UK-exposed shares

The last gamble of Theresa May to win over MPs to support her Brexit deal appeared to unravel putting a question mark over her future and weighing on sterling.

Wed, 22 May, 2019

'Last Brexit gamble' of Theresa May puts sterling on volatile path

The "last gamble" of Theresa May to get a Brexit deal through the Commons sent sterling briefly soaring fears that this fourth attempt too will fail, weighed on the currency again.

Tue, 21 May, 2019

Sterling steadies after huge Brexit losses, shares hit by global trade turmoil

Sterling steadied after initially posting further large losses on UK political fears but shares in Europe and the US were hit as the fallout of the US-China trade war extended to Chinese champion Huawei and the world’s chip makers for mobile phones.

Mon, 20 May, 2019