UK pound continues to gain ground today against the euro and the dollar, thanks in large part to expectations for the future, and the fact that policy divergence with the eurozone remains expected. The Scottish independent vote gave sterling a boost that is carrying over to today.
September 23rd, 2014 at 10:41
Even though the euro is holding some of its recent gains today, there are expectations that could change if the ECB has to take more action to try to stimulate the eurozone economy. The latest economic data isn’t all that encouraging, and the ECB might be under pressure to do more.
September 20th, 2014 at 22:50
The Great Britain pound demonstrated solid performance this week as traders were betting on Scotland staying in the United Kingdom after the referendum about independence. Another important event this week was the Federal Reserve policy meeting that gave boost to the US dollar.
September 16th, 2014 at 10:51
Euro remains mostly steady following the latest ZEW report. Even though the ZEW showed a drop, the 18-nation currency didn’t follow suit. For now, it looks as though Forex traders are settling in to the current state of things.
September 16th, 2014 at 10:31
The vote on Scottish independence is coming up on Thursday, and the pound continues to struggle on uncertainty surrounding the outcome of the vote, as well as speculation about what might happen if the Scots really do vote to split off from the United Kingdom.
September 15th, 2014 at 10:25
Euro would have been weakening anyway, thanks to recent efforts from the ECB, but weak Chinese data is weighing on risk appetite, and the euro is down across the board.
September 12th, 2014 at 10:34
Euro has weakened quite a bit recently, but, even so, some European policymakers believe that the 18-nation currency is still too strong.
September 11th, 2014 at 10:43
UK pound is seeing slight gains today, perhaps in correction for recent difficulties, which are the result of concerns over what’s next for Scotland. Even though the sterling is higher, the gains are precarious, as the Scottish independence vote injects uncertainty into the situation.
September 10th, 2014 at 10:50
Forex traders took a step back from a recent euro selloff, helping the 18-nation currency find support above the 1.29 level. While there is greater mid-term to long-term demand for the greenback, right now the euro is looking for a bit of relief.
September 10th, 2014 at 4:42
The Great Britain pound ticked up today but remained under pressure from the upcoming referendum about Scotland’s independence and the monetary policy outlook that is not particularly supportive for the currency.