{"id":92207,"date":"2016-07-01T06:16:49","date_gmt":"2016-07-01T10:16:49","guid":{"rendered":"http:\/\/countingpips.com\/?p=92207"},"modified":"2016-07-01T06:16:49","modified_gmt":"2016-07-01T10:16:49","slug":"sterling-unsteady-after-boe-remarks-euro-following-suit","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/07\/sterling-unsteady-after-boe-remarks-euro-following-suit\/","title":{"rendered":"Sterling unsteady after BoE remarks, euro following suit"},"content":{"rendered":"<div id=\"inves-3420896773\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 1, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The small steps made by the pound towards recovery after Monday\u2019s low were put to a halt following dovish remarks from the Bank of England whose governor, Mark Carney, claims that more stimulus will likely be needed over the coming months.<\/p>\n<p>The sterling dropped to $1.3200, bringing it unnervingly close to its 31-year low of $1.3122, encountered at the beginning of the week, then balancing out at a much more comfortable $1.3300. Against the yen, it is also holding up, currently having decreased to 136.20, but remaining above it\u2019s low of last Friday.<\/p>\n<p>The euro, meanwhile, finds itself at 83.30 pence, in comparison to its recent 83.83 pence high. It dropped significantly against the dollar overnight, to $1.1023, but found its footing again, standing at $1.1105 at present.<\/p>\n<p>Predictions for the sterling show continued expectations of volatility and uncertainty, reflecting the as of yet unknown terms of the UK\u2019s exit from the EU.<\/p>\n<p>Elsewhere, China is set to change the scene from this week\u2019s barrage of Brexit news, as a series of surveys related to its manufacturing sector are being released. Commodity currencies like the Australian dollar are especially wary of the impact that poor survey outcomes will have.<\/p><div id=\"inves-3984223733\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The small steps made by the pound towards recovery after Monday\u2019s low were put to a halt following dovish remarks from the Bank of England whose governor, Mark Carney, claims that more stimulus will likely be needed over the coming months. The sterling dropped to $1.3200, bringing it unnervingly close to its [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-92207","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=92207"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92207\/revisions"}],"predecessor-version":[{"id":92225,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/92207\/revisions\/92225"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=92207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=92207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=92207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}