EUR/GBP — News Archive

Euro Higher But Struggling on Greek Drama

Euro is mostly higher today, but it is also struggling a little bit. The difficulties with Greece are once again influencing the 19-nation currency, and gains have been hard-won and uncertain today.

Even Trade Data Can’t Help UK Pound

UK pound is still struggling, even after the release of positive trade data. Concerns about a possible exit from the European Union are causing concern for the sterling.

Euro Jumps Against Other Majors Despite Concerns About EU Integrity

The euro jumped against the basket of major currencies today, surging more than 1 percent versus the US dollar and the Great Britain pound. The currency has rallied even though there are significant concerns about the integrity of the European Union.

Euro Ends Week Being Strongest Among Major Rivals

The euro has been the strongest major currency during the past trading week. The currency weakened a bit by the weekend but kept gains against its most traded rivals nonetheless.

Sterling Drops vs. Dollar, Fares Better vs. Other Majors

As most other currencies, the Great Britain pound fell against the US dollar today after the release of non-farm payrolls. The sterling fared better against other majors, including the euro.

Euro Mixed as Greece Defers IMF Payment

Announcements made earlier today indicate that Greece is deferring its IMF payment, due today, until the end of June. The news comes with the backing of Brussels, and the Greek Prime Minister vows not to leave the euro zone.

Pound Overcomes Service Data Drag

Service sector data sent the pound a little lower earlier, but now the sterling is overcoming some of that drag. Pound is still down against the euro, but it is gaining against other major currencies like the yen and the dollar.

Euro Continues to Log Gains

Euro continues to log gains today, heading higher as the bond market remains volatile and as the Greek prime minister insists that his country’s loan payment will be made on Friday as agreed.

Euro Little Changed After Big Jump

The euro was little changed during the Asian trading session today following the huge surge yesterday. The currency has rallied on hopes for a resolution of the Greek crisis and also as inflation returned to the eurozone.

Euro Slide Halts as Greece Claims an Agreement

Late yesterday, Greek officials announced that they were drafting an agreement for their creditors. The news halted the euro’s slide, as did an interest in the 19-nation currency by holidaymakers and others.



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