United Kingdom — News Archive

Euro Struggles Against Other Currencies on Economic Data

Euro is struggling against other currencies right now, mostly lower as other currencies gain the upper hand, thanks to better economic data. Better data reports in the United States and United Kingdom are helping the dollar and the pound.

Pound Gets a Boost from Optimism for 2014

UK pound is getting a boost today, thanks in large part to optimism related to the economy. Many investors expect to see economic improvement for 2014, built on the improvements seen in 2013. As a result, sterling is getting a little help and support today.

Euro Strengthens on Banking Union Outline

Euro is seeing a bit of strength today, thanks to the latest news about the banking union. It’s not enough for the 17-nation currency to overcome its earlier losses to the dollar and the yen, but the euro is paring its earlier losses and looking toward the future.

Money Market Rates Help Euro

The latest money market rates are providing some help for the euro right now. It appears that things are looking up for the euro as the ECB signals that, even though rates are likely to remain low, they won’t be cut further.

UK Pound Gets Boost on Housing Price Data

Once again, the focus in the United Kingdom is on housing price data. With UK home prices on the rise, the pound is gaining ground against its major counterparts. Sterling is suffering from a weekly drop, but it is paring its overall losses, thanks to the latest data.

Eurozone Factory Prices Can’t Keep Euro Down

Euro is gaining ground against the US dollar and the UK pound today, even with the latest producer prices data. Even with the eurozone struggling, and stocks losing ground today, the 17-nation currency continues to forge ahead.

UK Pound Pulls Back on Housing Price Bubble Worries

The latest housing data in the United Kingdom sees home prices heading a little bit higher. However, there are worries that housing prices could be heading into bubble, and that is weighing on the pound a bit. Additionally, there might be some correction in the works, since the pound has performed quite well over the past six months.

UK Pound Gets Help from Better Data and the Fed

UK pound is making progress against many of its major counterparts, thanks in part to the economic data coming out of that country, and with the help of the release of the minutes from the last Federal Reserve meeting.

Euro Mixed as Traders Await Data

Euro is mixed today as Forex traders await data. Many are interested in what the revised CPI data will show for October, and there are concerns about what’s next for the eurozone economy moving forward.

France Downgrade, ECB Rate Cut Weigh on Euro

Euro is struggling against the US dollar today, heading lower as the economic situation in the eurozone raises questions. Euro is also barely holding its own against the UK pound, struggling as it moves between gains and losses today. Between the ECB rate cut yesterday and the downgrade to France’s credit rating, there is a lot weighing on the 17-nation currency right now.

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