Merkel comments on Brexit

Note: This section contains information in English only.
Source: Dukascopy Bank SA
After the EU granted the UK another Brexit extension the Chancellor of Germany Angela Merkel announced that the United Kingdom has to be given reasonable time to work out a Brexit deal. The increase of the future uncertainty hurt the value of the GBP.
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Wed, 10 Apr 2019 17:41:07 GMT

ECB keeps policy unchanged

On Wednesday, the European Central Bank announced that it is set to keep its monetary easing policy unchanged. It indicates that the value of the EUR will decline, as there will be more of the currency in circulation.

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The talks between the EU leaders and the United Kingdom delegation on Wednesday resulted in the EU leaders deciding to grant the United Kingdom a second Brexit delay. The announcement increased uncertainty about the future of the UK and with it decreased the value of the GBP.

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