EUR/GBP — News Archive

Euro Falls vs. Dollar, Resilient vs. Other Majors

With debt issues of Greece and quantitative easing from the European Central Bank, the euro had plenty of reasons to drop and it did so against the US dollar. Surprisingly enough, the currency moved sideways against the Great Britain pound and even gained on the Japanese yen.

Euro Ends Session Almost Flat After Volatile Trading

The euro ended Friday virtually flat against the US dollar and the Japanese yen while against the Great Britain pound the currency closed below the opening level but trimmed most of the daily loss.

Euro Loses Weekly Gains

The euro sank today, losing most of its weekly gains versus the US dollar and erasing the weekly rally against the Japanese yen completely. The currency fell even though macroeconomic news from Germany was positive.

Euro Retreats After Positive Reports from the United States

Initially, it looked like the euro is going to extend its gains through the Tuesday’s trading session with the help of macroeconomic data from Europe. Yet the currency retreated after the release of US reports that were good as well.

Deflation Fears Hold UK Pound Back

Worries about deflation are holding the UK pound back today. Sterling is mostly lower against its major counterparts, struggling as Forex traders process the weak data already shared and worry about the next data releases.

Euro Adds More Gains

Euro is adding more gains today, heading higher on the Forex market as eurozone officials continue to insist that Greece will remain. Additionally, an improving economic picture is helping the 19-nation currency.

Rally of Euro Doesn’t Convince Analysts

The euro rallied together with other currencies today after the Federal Reserve trimmed its economic forecasts, leading to speculations about a delay for the planned monetary tightening. Still, analysts are not convinced by the rally of the euro and think that the currency should retreat very soon.

Euro Receives Near-Term Support

Euro is receiving near-term support today, thanks in part to yesterday’s stock market surge. However, even though the 19-nation currency is higher right now, the gains are expected to be short-lived as the ECB’s monetary policy continues to diverge from that of the Federal Reserve.

Euro Rebounds Against Major Counterparts

Euro is rebounding against its major counterparts today, heading higher after last week’s debacle. Thanks to some comments by a member of the ECB Governing Council, the euro is seeing some strength today. It may not last, however.

Euro Collapses to New Lows as Traders Flee to Safety

The euro tumbled across the board today as the risk-negative market sentiment added to the downside pressure that the currency was already experiencing. The euro dropped to the lowest level in 11 years against the US dollar and the lowest in 9 years versus the Great Britain pound.

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