EUR/GBP — News Archive

Euro Mostly Lower Against Majors as EU Leaders Meet

European Union leaders and policymakers are meeting today and tomorrow to try and figure out what should be done about Greece. Speculation about what could be next means a wary euro that is mostly lower against its major counterparts.

GBP Steady vs. USD, Rallies vs. JPY

The Great Britain pound was steady against the US dollar but rallied versus the Japanese yen together with most other major currencies today even though macroeconomic indicators from the United Kingdom missed analysts’ projections, highlighting difficulties that the British economy is experiencing.

Euro Struggles to Move Higher Against Other Majors

Euro is struggling to move higher against other majors today following drops precipitated by more drama out of Greece. There is a great deal of uncertainty surrounding the euro right now, and that is weighing on the 19-nation currency. Even though the euro has eked out some gains, trading has been volatile and the gains may not last.

Euro Higher After Volatile Trading

Things have been a bit volatile for the euro today. An ECB decision to stop accepting Greek bonds as collateral is rocking the region. However, even so, the euro has recovered and moved higher, even though at one point in the session it looked as though the 19-nation currency would slip below the 1.13 mark against the dollar.

Greek Finance Minister Talks About Debt Swaps, Euro Rallies

The euro was trading broadly higher against other most-trading currencies today as concerns about the situation in Greece eased after the Greek government talked about a way it is going to handle its international debt.

Euro Holds Its Own After PMI Data

Euro is holding its own against major counterparts right now, following the latest PMI data. The 19-country currency region showed some improvement in factory activity, and the euro is managing to gain ground today, even as worries about Greece continue to draw headlines.

Pound Mixed After Thursday’s Data

The Great Britain pound was mixed after today’s economic data from the United Kingdom. The currency was stable against the US dollar, fell versus the euro and rose versus the Japanese yen.

Euro Regains Upper Hand in Currency Trading

Euro is getting some help in forex trading today, heading higher against its major counterparts in something of a correction. However, it’s uncertain how long the current good news will last.

Week of ECB — Week of Suffering for Euro

The euro plunged against the majority of most-traded currencies this week after the European Central Bank expanded its monetary stimulus. There was another currency that suffered from its central bank’s policy decision — the Canadian dollar, which was even weaker than the euro.

GBP Highest Since 2008 vs. EUR, Weakest Since 2013 vs. USD

The euro jumped to the highest level since February 2008 against the euro today with the help of surprisingly good retail sales in the United Kingdom as well as yesterday’s monetary policy announcement from the European Central Bank. At the same time, the sterling dropped to the lowest level since July 2013 versus the US dollar.

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