EUR/GBP — News Archive

Euro Trades Mixed Against Majors

Euro is trading mixed against its major counterparts today, although it is mostly lower. The 19-nation currency is having the most success against the US dollar today.

UK Pound Inches Higher as Forex Traders Look Ahead

UK pound is moving higher against its major counterparts in Forex trading today as traders await data later this week. Inflation, employment and remarks from a member of the MPC are in the works and many Forex traders are waiting on these events.

Euro Heads Higher on Speculation More Stimulus Might Not Be Needed

Euro is heading higher today, gaining ground as Forex traders consider that more stimulus might not be needed for the eurozone economy. The 19-nation currency is being helped by factors that could lead to economic growth without the need for additional ECB intervention.

Pound Resilient vs. Dollar & Yen, Soft vs. Euro

The Great Britain was strong against the US dollar and the Japanese yen (but not against the euro) today even after the release of disappointing trade data. The trade deficit shrank but not as much as specialists had expected.

Euro Recovers from Yesterday’s Disappointing German Data

Euro is higher today, after recovering from yesterday’s disappointing German data. Euro is higher across the board, gaining ground as other major currencies demonstrate weakness.

Great Britain Pound Falls After Bank of England Meeting

The Great Britain pound fell following the Bank of England’s monetary policy meeting. The policy minutes were not particularly hawkish, leading to speculations that British policy makers could be forced to leave interest rates at the record low for a prolonged period.

Dollar’s Weakness Helps Euro

The euro rallied against other major currencies on the back of the weak US dollar today even though the situation in the eurozone itself did not promote a rally of the shared 19-nation currency.

Euro Gets a Small Boost as Other Currencies Flounder

Euro is getting a small boost today, heading a little bit higher as other currencies flounder on the Forex market. Thanks to lackluster data in other areas, major currencies are losing ground to the euro.

Negative Inflation Sends Euro Lower in Forex Trading

The inflation reading turned negative today, sending the euro lower as speculation about the measures the European Central Bank will have to take in order to continue stimulating the economy. The latest German unemployment figures aren’t helping the situation, either.

UK Pound Continues to Struggle in Forex Trading

UK pound is still struggling in currency trading on the FX market today. The UK pound has had a downside for several days now, and it is likely to continue to struggle, until new data can shed some light on what’s next, and what might result in a change in policy.



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