EUR/GBP — News Archive

Great Britain Pound Falls vs. Dollar, Retains Strength vs. Other Majors

The Great Britain pound pulled back from the six-month high against the US dollar as the greenback made a bounce. Still, the UK currency gained against other majors, including the euro.

Euro Lower, But Poised for Weekly Gains

Euro has moved lower today, but the 19-nation currency is still poised for weekly gains. The rise in German Bund yields has stalled, and Forex traders are taking this opportunity to take profits and consolidate.

Bond Yields Continue to Help Euro

Bond yields in the eurozone continue to surge, and that is helping the euro right now. The 19-nation currency is heading higher against the US dollar and some of its other counterparts as yields and economic news provide support.

GDP News Helps Euro

Euro is heading higher against many of its major counterparts today, thanks in part to a new GDP reading. Better economic data is helping the euro, even though there are still trials to overcome.

Sterling Remains Strongest with Help of Positive Data

The Great Britain pound continued to rally to new highs today, following yesterday’s strong performance, thanks to the positive macroeconomic data from the United Kingdom. In fact, the sterling is the strongest major currency so far this week.

Low-Risk Bonds Sell Off, Sending Euro Higher

Euro is surging in Forex trading today as low-risk bonds sell off today. The sell-off in low-risk bonds is weighing on European stocks and helping the 19-nation currency gain ground against its major counterparts.

Pound Stronger After BoE Refrains from Action Again

The Great Britain pound rallied today against its major rivals following the decision by the Bank of England to leave its monetary policy unchanged. Such decision was widely expected as the central bank did not make any changes to the policy since 2009.

Euro Struggles as Talks About Greece Cause Jitters

Euro is heading lower against its major counterparts today as continued talks about the situation with Greece add uncertainty and cause jitters. More Forex traders and others seem to be steeling themselves for a Greek exit from the eurozone.

Conservative Win Propels UK Pound Higher

UK pound is surging today, thanks to the probable win for the Conservatives. It looks as though David Cameron is likely to remain Prime Minister, and that is leading to strong support for the sterling across the board.

Euro Continues Run in Forex Trading

Euro has been enjoying a run of relative strength in recent days, and today is no different. Evidence that maybe the ECB didn’t need to be quite so aggressive with quantitative easing, as well as better feelings about the Greece situation, have been supporting the 19-nation currency.

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