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.
April 10th, 2015 at 2:04
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.
April 10th, 2015 at 0:38
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.
April 09th, 2015 at 11:21
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.
April 08th, 2015 at 23:45
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.
April 07th, 2015 at 10:53
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.
April 06th, 2015 at 19:08
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.)
April 03rd, 2015 at 14:18
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.
March 31st, 2015 at 22:05
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.
March 31st, 2015 at 16:03
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.