The Great Britain pound fell a bit today after retail sales missed forecasts, reinvigorating concerns about Britain’s economic growth. The losses were limited though, and the sterling managed to gain ground as the monetary policy outlook supported the currency.
August 21st, 2014 at 12:09
August 20th, 2014 at 13:36
Monetary policy minutes of the latest Bank of England meeting revealed that two policy makers were in favor of raising interest rates. This caused the Great Britain pound to gain against its major counterparts.
August 18th, 2014 at 18:40
The Great Britain pound rose today after Bank of England Governor Mark Carney said over the weekend that the central bank may start raising interest rates before actual wage growth kicks in.
August 14th, 2014 at 13:58
Even with the latest economic data out of the eurozone, the 18-nation currency is gaining ground today. Evidence that the eurozone economy has stalled, prompting concerns about a return to recession, hasn’t been enough to dampen the euro today.
August 12th, 2014 at 13:55
UK pound is mixed today, thanks to a lot of thought being given to the latest data points, as well as to interest in possible outcomes for the future of the UK economy.
August 08th, 2014 at 14:08
Euro is a little bit higher today, logging gains against its major counterparts. However, many think that this is the result of profit-taking, and a bit of readjustment. Expectations are that the 18-nation currency will show weakness again next week, especially since there is plenty of reason for its weakness.
August 06th, 2014 at 14:20
Euro is heading lower today, thanks in large part to the disappointing economic data released earlier. Also impacting the euro is the geopolitical situation, which brings with it a great deal of uncertainty right now.
August 05th, 2014 at 13:18
The last week has been a bit humiliating for the UK pound, with persistent losses against major currencies. However, there appears to be some relief in sight for the embattled pound. The currency is gaining a little bit of ground today — at least against the euro.
August 04th, 2014 at 14:29
Euro is down pretty much across the board today, thanks in large part to the fact that many expect that the ECB will not be releasing any sort of euro-supportive message after its meeting later this week. Also weighing on the euro is the latest banking scandal in Portugal.
August 01st, 2014 at 17:33
The euro rallied against the US dollar with help of disappointing US non-farm payrolls. The currency also gained on the pound as data from Great Britain was not good either. Against the Japanese yen, the euro rallied intraday but gave away gains as of now.