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.
September 08th, 2014 at 10:51
UK pound is lower today, thanks in large part to the latest poll on Scottish independence. The latest numbers indicate that those favoring a split from the United Kingdom have pulled ahead of those opposed to the split. The idea that the United Kingdom is falling apart is one that is weighing on the pound today.
September 07th, 2014 at 0:35
The most important event this week turned out to be the monetary policy of the European Central Bank. Analysts expected it to be uneventful, but they were completely wrong. The resulting shock sent the euro down. While the currency managed to retain some of its gains versus the Great Britain pound by the weekend, it fell against most other major counterparts. It was euro’s eight week of losses versus the US […]
September 05th, 2014 at 10:28
Euro is eking out some small gains today, following yesterday’s huge drop against all major counterparts. Forex traders aren’t expecting much, though. The big shocker from the ECB is likely to result in general euro weakness for a while.
September 04th, 2014 at 14:32
The Great Britain pound experienced weakness today but halted its decline and attempted to gain ground after the Bank of England decided to keep its monetary policy unchanged.
September 04th, 2014 at 13:45
The European Central Bank provided a big surprise to the Forex market today, cutting interest rates to new lows, sending some of them deeper into a negative territory. What was not surprising was the reaction of the euro to the news — the currency sank, falling to the lowest rate in more than a year against the US dollar.
September 04th, 2014 at 10:31
Euro is lower today, dropping as Forex traders look ahead to policy expectations from Mario Draghi and the European Central Bank. Many expect the ECB to embark on looser monetary policy, and that is weighing on the euro.