EUR/GBP — News Archive

Euro Continues to Struggle as Time Runs Out for Greece

Time is running out for Greece, and the euro continues to struggle as a result. The future of the eurozone is seen hanging in the balance over this, and that has some uncertain about what’s next for the euro.

Greece Says ‘No’ to Austerity, Euro Opens Sharply Lower

The euro opened sharply lower at the start of this week’s trading as the majority of the Greeks voted against the austerity measures demanded by the international creditors. The currency rose during the trading session but remains below the Friday’s closing level.

Euro Avoids Weekly Losses, Greek Referendum in Focus

The main focus of the past trading week was the situation in Greece, particularly the upcoming referendum on austerity demanded by international creditors. Surprisingly, this did not mean another week of losses for the euro as the currency managed to rally in the adverse trading environment.

Pound Ends Friday with Losses, Erasing Earlier Rally

The Great Britain pound dropped by the end of Friday’s trading following the rally earlier during the session. The rally was caused by the better-than-expected data about the UK services sector.

GBP Lower vs. USD & JPY, Higher vs. EUR After Mixed Data

The Great Britain pound edged a little lower against the US dollar and the Japanese yen but gained on the euro today after the release of macroeconomic data from the United Kingdom. The reports were mixed, providing no clear direction for the currency.

Euro Bounces During Monday’s Volatile Trading

The euro demonstrated a surprise performance during Monday’s trading. The currency sank initially due to the worries about the Greek debt drama, yet the losses were short-lived and for some reason the euro bounced strongly after the initial drop.

Euro Ends Week with Losses, Next Week Promises Volatility

The past trading week was dominated by the debt problems of Greece and attempts to find a solution that would be acceptable both for the indebted country and for its creditors. Yet no agreement has been reached, and with the June 30 deadline looming close, traders preferred to get rid of the euro, leading to a weekly drop of the currency.

Euro Ends Friday Lower as Greece Rejects Proposal

The euro ended Friday lower as the short-term proposal to Greece from its international creditors was rejected, leaving just a few days to find a solution to the Greek debt woes before the troubled country runs out of money.

UK Pound Mostly Rangebound Today

UK pound is mostly rangebound today, thanks to a lack of new data. Additionally, a recent speech from David Cameron has many speculating about the United Kingdom’s relationship to the European Union.

No Bailout for Greece Yet — Euro Vulnerable

With no bailout for Greece yet, the euro moved a bit lower against the Great Britain pound and the Japanese yen, though it was little changed against the US dollar. Hope remains, but deadline is almost at the door.

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