EUR/GBP — News Archive

Euro Weaker During ECB Week

The euro was weaker across the board during the past trading week as comments from European Central Bank’s President sounded very dovish and included hints at probable addition of monetary stimulus.

Euro Continues to Lose Ground After ECB Meeting

Euro is still losing ground after yesterday’s ECB meeting. And now, some analysts say that the euro could end up in parity with the US dollar by the end of the year.

Pound Unable to Beat Dollar, Gains on Battered Euro

The Great Britain pound attempted to rally against the US dollar today on the back of the very good retail sales report but failed as the greenback surged following the European Central Bank policy meeting. Of course, the sterling gained on the vulnerable euro, which had been hurt by the comments of the ECB President.

Euro Sinks as Draghi Hints at Additional QE

The euro sank today following the monetary policy meeting of the European Central Bank. While the monetary policy itself remained unchanged, ECB President Mario Draghi sent a stronger signal about the possibility of additional quantitative easing.

Euro Gives Up Some Earlier Gains, but Manages to Retain Upper Hand

Euro is still maintaining a level of strength against its major counterparts today, even after more concerns about China. However, there are still expectations that the next ECB policy meeting will put the brakes on the 19-nation currency.

UK Pound Gets Help From Better Economic Data

UK pound is getting a little help from better economic data recently, and that is allowing it to gain against the dollar and the yen for now. While the pound is lower against the euro today, sterling is doing well against other major currencies. However, there is speculation that the pound will soon drop back against the dollar.

Euro Struggles Ahead of ECB Meeting Later this Week

Euro is struggling today, heading mostly lower against major counterparts ahead of an ECB meeting scheduled for later this week. Expectations that Mario Draghi will try to “talk the euro down” are high.

UK Pound Looks to Hold Steady to End the Week

UK pound is hoping for steadiness to close out the week. It’s been an interesting week of ups and downs, but right now sterling is eking out gains against most of its major counterparts.

Easing Talk Catches Up With Euro

Euro is lower today, thanks in large part to easing talk. Even though such talk from ECB President Mario Draghi has done little to weaken the euro in the last month, recent comments from policymaker Ewald Nowotny are having an effect today.

UK Pound Gains on Lower Unemployment and Higher Wages

Sterling is mostly higher today in Forex trading, thanks in large part to the latest, better than expected, economic data. Unemployment data surprised everyone and wage growth remains strong, prompting hopes that the UK economy will pick up and the BOE will tighten monetary policy.



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