EUR/GBP — News Archive

Sterling Leaps After Carney Talks About Higher Interest Rates

The Great Britain pound surged against its major rivals today after comments of the nation’s central bank head Mark Carney who spoke about higher interest rates. On the negative side, today’s economic data from the United Kingdom was somewhat soft.

Euro Continues to Struggle in the Wake of Greek Agreement

Euro is struggling today as Forex traders and analysts mull over the agreement reached with Greece over the weekend. The 19 nation currency is down pretty much across the board since slipping from its earlier gains against the US dollar.

Euro Down Across the Board After Greek Agreement Announced

Euro is struggling today after the announcement that a deal has been reached with Greece in order to land another bailout. Even though the deal is supposed to prevent a “Grexit”, the reality is that the “aGreekment” may not actually go through and there are concerns about implementation.

Euro Ends Trading with Big Gains Ahead of Key Weekend

The euro surged on Friday, ending 1 percent higher against the US dollar and more than 2 percent higher versus the Japanese yen. The coming weekend will likely determine the future (or lack thereof) of Greece in the eurozone.

Euro Continues to Struggle as Time Runs Out for Greece

Time is running out for Greece, and the euro continues to struggle as a result. The future of the eurozone is seen hanging in the balance over this, and that has some uncertain about what’s next for the euro.

Greece Says ‘No’ to Austerity, Euro Opens Sharply Lower

The euro opened sharply lower at the start of this week’s trading as the majority of the Greeks voted against the austerity measures demanded by the international creditors. The currency rose during the trading session but remains below the Friday’s closing level.

Euro Avoids Weekly Losses, Greek Referendum in Focus

The main focus of the past trading week was the situation in Greece, particularly the upcoming referendum on austerity demanded by international creditors. Surprisingly, this did not mean another week of losses for the euro as the currency managed to rally in the adverse trading environment.

Pound Ends Friday with Losses, Erasing Earlier Rally

The Great Britain pound dropped by the end of Friday’s trading following the rally earlier during the session. The rally was caused by the better-than-expected data about the UK services sector.

GBP Lower vs. USD & JPY, Higher vs. EUR After Mixed Data

The Great Britain pound edged a little lower against the US dollar and the Japanese yen but gained on the euro today after the release of macroeconomic data from the United Kingdom. The reports were mixed, providing no clear direction for the currency.

Euro Bounces During Monday’s Volatile Trading

The euro demonstrated a surprise performance during Monday’s trading. The currency sank initially due to the worries about the Greek debt drama, yet the losses were short-lived and for some reason the euro bounced strongly after the initial drop.

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