United Kingdom — News Archive

Growth Outlook Boosts UK Pound

The latest growth outlook for the UK economy is pushing the pound higher today. Pound reached a five-week high against the euro, thanks to the fact that the United Kingdom is expected to see greater growth in the coming year than the eurozone.

Yen Drops on Continued BOJ Easing

Yen is lower against most of its major counterparts today, dropping as continued easing from the Bank of Japan is expected. Even with some of the recent improvements to the Japanese economy, “Abenomics” is expected to continue, and that means long-term yen weakness.

UK Pound Struggles as Economic Data Weighs

UK pound is struggling today, barely etching out gains against major currencies. The latest services output data disappointed analysts today, showing a drop instead of an increase. Concerns about the UK economy are on the rise now, thanks to this latest data.

Economic Expectations Boost the UK Pound

Economic expectations are helping the UK pound today, especially against the euro. The pound is seeing success as Forex traders and analysts look to 2014 for continued improvement in the UK economy. Many expect good news for the housing sector, and that is expected to form the cornerstone of economic recovery.

Euro on Track to be a Top Performer for 2013

Euro continues on track to be the top performer of 2013 with today’s performance. Much of that has to do with the fact the issues that have been plaguing the 17-nation currency region — from recession to political problems — are mostly resolved. Or at least have been moved to the back burner. For now, the euro continues to see mostly gains against its major counterparts.

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.

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