UK pound is heading higher today, gaining ground as the economic picture improves, markets head higher, and the Bank of England is expected to move forward with a policy to step down its asset purchase program.
February 11th, 2014 at 13:51
It might be a slow improvement, but the eurozone economy is showing signs of recovery. The eurozone GDP did rise a little bit in the third quarter of 2013, and Mario Draghi and the rest of the ECB are confident enough that they haven’t taken further moves to boost the economy. As a result, the euro is gaining ground today, especially against low beta currencies.
February 11th, 2014 at 5:11
The Great Britain pound advanced against the US dollar and was almost flat versus the euro and the Japanese yen today. Positive retail sales data helped the currency to overcome the bearishness somewhat, though the current moves are not trend changing.
February 08th, 2014 at 18:37
This week, the euro was strong against safer currencies, like the US dollar and the Japanese yen, and also against the Great Britain pound with help of the European Central Bank policy decision, but declined versus the Australian dollar, which was also supported by their central banks.
February 07th, 2014 at 14:14
Euro is lower today, thanks in large part to the latest development in the court complaints against the ECB’s bond-buying plan. With concerns over the program, and with worries about the sustainability of the eurozone’s fledgling economic recovery, the euro is struggling on the currency market today.
February 06th, 2014 at 13:57
The latest ECB decision is providing a bit of confidence for the euro, resulting in gains for the 18-nation currency. However, the gains might be short-lived, depending on what ECB President Mario Draghi has to say about the future of the eurozone’s monetary policy.
February 05th, 2014 at 14:18
Euro is struggling today, thanks in large part to the increased deflation risk for the 18 country currency region. Retail sales figures are the culprit today, indicating that the Christmas shopping season didn’t do much for the eurozone economy.
February 03rd, 2014 at 16:18
UK economic data has once again missed forecasts, and that is causing a drop for the pound against nearly all of its major counterparts. Pound is struggling today as traders become concerned that Bank of England policymakers will keep interest rates lower for an extended period of time. The disappointing data overwhelmed the news that home prices rose in January.
February 03rd, 2014 at 15:49
Euro is gaining some ground today, even after the difficulties seen with emerging markets and with risk appetite falling. Risk sentiment is fading, but the euro is managing to pull out some gains anyway.
January 31st, 2014 at 14:05
Euro is struggling today as the latest economic data indicates that the situation is still mostly static in the eurozone. The 18-nation currency region continues to fight with unemployment, and the inflation level remains too low for comfort.