EUR/GBP — News Archive

Draghi Stimulus Hint Sends Euro Lower in Forex Trading

ECB President Mario Draghi has signalled that there is a good chance that policymakers will add stimulus to the eurozone economy in December and that is sending the 19-nation euro down today. Also dropping are commodities.

Euro Ekes Out Gain Against Dollar

Euro is eking out gains against the US dollar today, but many are unsure of how long that will last. With policy divergence becoming a bigger expectation, there is speculation that euro could be at parity with the dollar by the end of the year.

Warnings Against Brexit Continue as UK Pound Trades Mostly Lower

UK pound is mostly lower today, thanks to yesterday’s rate news from the Bank of England. Also, concern that the UK might leave the European Union is affecting the sterling a little bit.

Euro Clings to Recent Gains on European Commission Forecasts

Euro is clinging to some earlier gains — but only just. With the ECB due to make a policy announcement and the European Commission making forecasts that expect to see slower growth, many expect the 19-nation currency to slip more against the US dollar.

Manufacturing Data, Draghi Comments Lift Euro

Euro is heading higher today, enjoying a rally as the latest news out of the eurozone supports the 19-nation currency. Manufacturing data and the latest comments from ECB President Mario Draghi are providing support.

Eurozone Confidence Fuels Euro Rally

Better news out of the eurozone is fueling a rally for the euro today. A surprise increase in confidence is helping the 19-nation currency gain against its counterparts as Forex traders speculate on whether or not the ECB will really need to add stimulus.

Sterling Slides as Britain’s Growth Loses Momentum

The Great Britain pound fell today against its other major peers as Britain’s economic growth in the third quarter of this year was disappointing, reducing chances for an interest rate hike in the near future.

Euro Mostly Steady in Forex Trading

Euro is mostly steady today in Forex trading, as many currencies await tomorrow’s policy announcement from the Federal Reserve. Without major data releases for the eurozone today, it’s more about waiting and seeing what’s next with US policy.

UK Pound Mostly Higher Against Major Counterparts

Although the UK pound is struggling against some currencies, like the Aussie and the kiwi, it is seeing some success against the dollar and the euro. However, some Forex traders are starting shift into wait and see mode with economic data set for release later this week and with talk of a “brexit” from the European Union being entertained.

Euro Weaker During ECB Week

The euro was weaker across the board during the past trading week as comments from European Central Bank’s President sounded very dovish and included hints at probable addition of monetary stimulus.



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