UK pound is gaining ground against its major counterparts today, thanks to improving data. Pound is doing especially well against the euro, thanks to better economic data and policy divergence.
December 06th, 2014 at 14:00
The euro demonstrated big losses against the US dollar this week, falling to the lowest level in more than two years. The euro’s performance against other currencies was mixed: the shared 18-nation currency ended the week lower against the Great Britain pound, flat versus the Australian dollar while against the Japanese yen, the euro reached a new multi-year high.
December 04th, 2014 at 12:53
The Great Britain pound fell a little today after the Bank of England kept its monetary policy stable. Now Forex traders wait for a policy decision from the European Central Bank.
December 03rd, 2014 at 23:56
The Great Britain pound rallied today due to a positive report about the UK service industries and the upward revision of growth forecast. The currency managed to gain against almost all its most-traded peers, including the US dollar.
December 03rd, 2014 at 11:19
Speculation is running high that the ECB will announce more easing actions after its policy meeting tomorrow. As a result of poor economic data, the euro is at its weakest in more than 24 months, and many expect more weakness from the 18-nation currency.
December 03rd, 2014 at 1:54
The Great Britain pound fell against the US dollar yesterday and maintained losses today. The sterling’s performance against other currencies, including the euro and the Japanese yen, was far better.
December 02nd, 2014 at 11:32
Once again, economic data out of the eurozone is causing concern for Forex traders and investors. However, the disruption isn’t as widespread as some might think. Rather than trading down across the board, the euro is trading mixed against its major counterparts.
December 01st, 2014 at 11:36
Manufacturing data is providing a boost for the UK pound today. After seeing days of poor performance, the sterling is getting a little help from economic data.
November 29th, 2014 at 1:04
The euro fell against the US dollar on Friday, extending its Thursday’s drop. The currency was stronger against its other major counterparts, rallying against the Great Britain pound and the Japanese yen.
November 25th, 2014 at 23:15
The euro bounced today after the initial drop as some economic indicators released from the United States were not as good as dollar bulls were hoping for, reducing the shine of the US currency.