EUR/GBP — News Archive

GBP/USD Hits Lowest Since June 2010

The Great Britain pound fell today, touching the lowest level since June 2010 against the US dollar, as underwhelming economic data from the United Kingdom added to the downside pressure on the currency.

Great Britain Pound Retains Weakness vs. Dollar & Yen

The Great Britain pound sank yesterday after the Bank of England made no changes to its monetary policy and UK economic data came out mixed. While the sterling erased its losses versus the euro today, the currency retained its weakness versus the US dollar and the Japanese yen.

Greece Remains Hurdle to Euro

Greece and its debt problems continue to have an adverse effect on the euro even after the indebted country fulfilled its obligation to repay the loan to the International Monetary Fund on Thursday. The shared 19-nation currency fell in spite of the news.

UK Pound Pulls Back After Yesterday’s M&A Fueled Surge

UK pound is pulling back today after its surging performance yesterday. News of a major energy merger helped the sterling yesterday, and today the currency is consolidating a bit as Forex traders consider the situation and focus on Fed minutes.

Euro Loses Ground, Knocked Out by Dollar

The euro lost its ground against the US dollar, as well as against other most-traded currencies, after the Federal Reserve released its policy minutes. The currency fell also as not all economic reports from the countries of the eurozone were favorable.

UK Services Data Helps Pound in Forex Trading

UK services data is helping the pound today. Sterling is gaining ground against the euro and the yen, and holding its ground against the US dollar.

Euro Retreats After Rally vs. Dollar

The euro attempted to rally against the US dollar during the Monday’s session but failed and is trading below the opening level now. The currency also dropped against other most-traded currencies, including the Great Britain pound, though it was able to gain on the Japanese yen (update: the euro fell versus the yen as well.)

Euro Benefits From Low Volume, Profit Taking

Euro is getting a little help today, thanks to low volume on the Forex market, and a bit of profit taking at the end of a week that saw a precipitous drop to the 19-nation currency.

Euro Logs Massive Drop on Tuesday

The euro demonstrated massive losses on Tuesday with not-so-good economic data, the continuing problems in Greece and the economic stimulus from the European Central Bank. The shared 19-nation currency was set to have its worst quarter in the history.

Great Britain Pound Gets Lift from Positive Revision to GDP

The Great Britain pound was lifted by the positive revision to UK gross domestic product. With little positive news for the currency lately, it was enough to help the sterling gain even on the strong dollar, let alone on the very vulnerable euro.

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