Earlier today, a member of the European Council proclaimed the euro “safe” and the eurozone economy on the road to recovery. Euro is a little lower against the dollar following this announcement, but this probably has more to do with profit taking after a recent run by the 17-nation currency.
Pound — News Archive
June 17th, 2013 at 16:23
June 12th, 2013 at 10:35
The Great Britain pound advanced today as the number of Britons seeking unemployment benefits was smaller than analysts have previously estimated, giving evidence that the UK economy is recovering.
June 11th, 2013 at 21:15
UK fundamentals were mixed today, resulting in no clear trend for the Great Britain pound. The currency rose against the US dollar, fell versus the Japanese yen and was little changed against the euro.
June 11th, 2013 at 14:49
Euro is trading mixed today as focus shifts from Asia to the eurozone, specifically Germany. There are a couple of key arguments coming before German courts, regarding ECB measures to shore up ailing eurozone countries, and many are interested to see how things are likely to play out.
June 07th, 2013 at 22:24
The Great Britain pound fell against the dollar as US employment growth exceeded expectations. The currency erased losses versus the Japanese yen and trimmed its drop against the euro as the UK trade balance deficit narrowed.
June 07th, 2013 at 14:23
US dollar is heading higher today following the most recent payrolls data. The result is adding a bit of confusion, though, since it muddies the water as to what might be next for the Federal Reserve.
June 06th, 2013 at 12:04
The Great Britain pound strengthened today after the Bank of England left its monetary policy unchanged, refraining from additional stimulus.
June 05th, 2013 at 13:39
The Great Britain pound advanced today as UK service industries expanded last month with fastest pace in more than a year, exceeding analysts’ expectations and adding to signs of economic recovery in the United Kingdom.
June 04th, 2013 at 22:35
The Great Britain pound rose against the Japanese yen today as construction made a pleasant surprise, unexpectedly expanding last month, adding to signs of recovery. The currency was little changed against the US dollar and the euro.
June 03rd, 2013 at 15:07
Japanese yen is moving higher against its major counterparts today, gaining some ground as questions about the recent easing policies come to light. Some think that the recent (and dramatic) drop in the yen was too much, and now there is a bit of a correction, sending the yen higher against other currencies.