UK pound is gaining ground today, even after a data disappointment. The latest GDP reading from the United Kingdom indicates that growth is moving at a slower rate than expected, and that is having an impact on the sterling. However, even with the data disappointment, the pound is still higher against its major counterparts today.
January 27th, 2014 at 14:04
Euro is pulling back today after earlier success against its major counterparts. Even though business confidence rose in Germany, there are enough problems elsewhere in the eurozone that the 18-nation currency is being bogged down today.
January 24th, 2014 at 21:41
The Great Britain pound sank today as Bank of England Governor Mark Carney said that interest rates would not be raised prematurely and that the strong currency may be detrimental to economic growth.
January 24th, 2014 at 14:45
Risk appetite has left currency market, and the result is a struggling euro right now. There has been some good news out of the eurozone, with Ireland and Spain exiting their bailouts, but there are still plenty of troubles and the European economic recovery may be far from certain.
January 22nd, 2014 at 15:07
Even though the eurozone debt dropped for the first time in almost six years, and even though a recent poll shows that 57 per cent of investors feel that the worst is over for the eurozone, there are still concerns and the euro is struggling today.
January 22nd, 2014 at 14:10
UK pound is moving higher today, surging ahead of its major counterparts on the latest unemployment report. As the unemployment rate fell to its lowest level in five years, there are expectations that the Bank of England will consider cutting back on its asset purchase program.
January 21st, 2014 at 14:29
Euro is heading lower today, thanks in large part to the fact that the German ZEW came in below analyst expectations. Even though eurozone home prices were higher, the ZEW’s disappointment is overcoming some of the good news and sending the 18-nation currency lower against some of its major counterparts.
January 17th, 2014 at 15:22
The Great Britain pound jumped today as UK retail sales surprised Forex market participants, being far better than most optimistic expectations. It is expected that next week’s macroeconomic data will also be good, allowing the sterling to recover after the decline at the start of this year.
January 17th, 2014 at 14:29
Euro is losing ground today, falling almost across the board against its major counterparts, as the latest economic data disappoints. This time, it’s the construction data weighing on the 18-nation currency.
January 16th, 2014 at 14:48
UK home prices declined in December, once again calling into question the situation surrounding the economic recovery. Pound is lower today as a result of this disappointing news.